If you are considering business ownership, then you’ve likely started weighing the pros and cons of transitioning away from a traditional corporate job and into an entrepreneurial role. But before you make any changes, it’s important to understand your options. Let’s consider two business ownership avenues: a startup business or franchise ownership.
Below, find a list of six comparisons to weigh before making a decision.
1. Level of control
When you imagine owning a business, what do you picture your role to be? Are you managing a team? Selling a product of your design? Running multiple storefronts? Depending on your goals, you may have expectations or nonnegotiables that will set the parameters for your future business.