Member-only story
Ways to become a business owner?
There are three basic paths to becoming a business owner. You can (1) create your own business, (2) buy an existing firm, or (3) purchase a franchise. Each has advantages and disadvantages. Understanding all of your alternatives can help you decide which course to choose.
Establishing a new business.
Purchasing an established company.
Purchasing a franchise.
Taking over a family company.
Sell independently for a brand. Selling for a well-known brand is one of the simplest ways to become your own boss.
Consultancy or freelancing
Franchise.
Start a Service Business in Your Neighborhood.
Though challenging and frustrating, entrepreneurship may be one of the most gratifying tasks you’ll ever face if you have the will to pursue your passion and become your own boss.
Be enthusiastic about what you’re doing.
Surround yourself with individuals who will question you, rather than “yes men.”
Respect your colleagues.
Always consider your customer’s perspective.
Provide value to your suppliers…