A low startup investment level doesn’t have to hold you back from aiming high.
Every aspiring business owner needs to assess their interests, starting point, and goals for owning a business:
What industry or industries should I consider?
(What do I like to do?)
Do I have the experience needed?
(Can I learn what I need to know?)
How much have I saved?
(How much do I want to invest?)
You can begin with your interests. You are probably not leaving a corporate job, working for someone else to do something you won’t love doing daily. Dream a little. What do you like to do? Do you like Food Safety Consulting and Training? Working with business professionals and lending your experience?
Your prior work history can lead you to a great brand, whether you want to be in consulting, Food Safety services. There are many options to suit your prior background.
Finally, because you don’t want to spend more than you have:
- There are plenty of brands under or around $50,000. If that is your comfort zone, embrace it.
- Investing in a low-cost franchise typically means having a fast startup and the opportunity to work from a home-based office.
- A lower investment can allow you to acquire multiple territories, reduce risk, and access a faster Return on Investment. If you have additional cash or working capital, you can invest in accelerating marketing and sales – following franchisor guidance on local marketing programs that are proven to find customers.
- You can start with a small investment but aim high; the low cost can still mean significant returns. Plus, when the brand feels right, it will keep you motivated to multiply and expand to achieve your goals for success.
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