BeneTrends, the Rainmaker Plan,
Franchises & Small Businesses
Frequently Asked Questions, Interesting Facts & Statistics
If you’re reading this it means you’re at least entertaining the idea of starting a business, buying a franchise or existing business. Chances are you’re filled with a wide range of emotions from anticipation and excitement to a touch of anxiety as you explore the various options available to you. Nothing helps alleviate anxiety better than knowing you’ve made an informed decision. We hope the following information helps you do just that.
As you may know there are some significant difference between starting a business from the ground floor, buying an existing business and purchasing a franchise. Which is best suited for you is a personal decision you’ll want to make based on your individual background, experience, interests, talents, skill sets and yes, personality.
To make the right choice it is important to understand that each business ownership option has its own unique risk/reward factors. For example, when starting a new business both risk and reward are generally higher, yet depending on the type of business the start up capital needed may be much lower than buying an existing business. When buying an existing business the start up investment can be higher, however you can typically count on a steady income stream from the start. You accountant can help you determine within a degree of certainty what that should be. With a franchise you start out with a known business model, an established infrastructure and resources. These resources may include business, marketing and advertising plans complete with pre-developed materials; accounting practices and systems; and more. Specific support elements and the extent of resources available to you depend on the franchise you choose.
To view commonly asked questions simply click Rainmaker Plan, Franchises, or Small Businesses here or on the top menu bar. We hope the information contained in these sections helps you decide wether or not to take the next step toward your dream of business ownership and which option is best for you.
If you have a specific question that you would like us to address,
please ask the RainmakerPlan expert.
|
