Should you start your own business from scratch, or join an established company and buy a franchise? That's a big question!
Many people have the desire to own their own business and grow something that they can be proud of… an asset for their future, as well as for their spirit. Buying a franchise and starting a small business from scratch can both get you to that goal. Choosing which path to take requires a bit of self awareness. As you daydream about locations, customers, personal freedom, and creative autonomy, think about what type of business structure fits your personality.
Ask yourself the following questions:
Are you a rule breaker?
“If you don't have a very good track record of toeing the line--and instead really prefer to make your own rules--then becoming a franchise owner may not be the way to get into business for yourself.”
Do you have a high risk-tolerance?
Do you prefer to work alone or in collaboration with others?
Take some time to ponder your responses, and pay attention to the work scenarios that contribute to your overall inspiration, productivity, and job satisfaction. Do a little research and read more great articles like this one in Entrepreneur Magazine, to see if you are looking at your opportunity from all angles. Setting yourself up in the right type of business structure will be a huge step in helping you create the future you dream of.
Think you want to own a small business and don't want to go it alone? Little Nest Portraits is opening a handful of portrait studios around the country. If you would like to learn more about owning a creative business franchise, or are interested in a Little Nest Portraits franchise opportunity, email me at firstname.lastname@example.org.