Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Advantages and Disadvantages of a Start-up Business



Advantages and Disadvantages of a Start-up Business
   

What is a start-up business? A business is considered a start-up if an entrepreneur begins a business based on a unique idea and takes it all the way from the planning stage to actually running the business. The business is usually thought of as still in the start-up stage until it begins to produce sufficient revenue or sales to cover the cost of supplies and operating costs.



Here are the advantages and disadvantages of a start-up business.

Advantages:

- Creativity can play a big part in starting and operating the business.

- There are no predetermined formulas or rules to follow; much less restrictive than a franchise or business opportunity purchase.

- The owner is in control of all aspects of the business, including the location and what the operation is to look like.

- The entrepreneur may draw from previous job experience, skills, and passion in establishing the business.

Disadvantages:

- Start-up businesses are typically more costly and risky since there is no proven formula.

- In order to obtain capital to fund the business, a lengthy detailed business plan must be put together.

- All of the details of starting the business, including licenses, marketing, naming the business, finding product sources, etc. are the responsibility of the owner

Before entering the business world with your new concept you should consider buying an exisiting business that has proven results and an established customer base. There are many sites that list thousands of businesses for sale like BusinessMart.com. You should strongly consider searching for an already established business or an already established system.

If you do decide to start your own business be prepared to wait 12 months to see a profit. If you are in a position to do this, then starting your own business can be very rewarding.

Advantages and Disadvantages of a Start-up Business - To learn more about this author, visit Denise T. Davis's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
Buying a Business FAQs
  What are the advantages and disadvantages of buying a business?
Choosing a Business
  Finding profitable businesses for sale at reasonable prices can be difficult, as business owners often have an inflated idea of the market value of their business. There are, however, many resources for finding prof...
Buying a Business
  Many find the idea of running a small business appealing, but lose their motivation after dealing with business plans, investors, and legal issues associated with new startups. For those disheartened by such risky u...
Advantages and Disadvantages of Joint Venture
  Smart entrepreneurs and business owners know that Joint Ventures are the fastest and most effective way to radically increase sales and profits with virtually no money and no risk, as long as its done correctly.
Passive-Aggressive Behavior Is Useless In A Startup
  If you are making the move from a big company to a startup, Scott Converse has a must read post up about passive-aggressive behavior titled Corporate vs. Startup behaviors.

Related Forum Posts Related Forum Posts
New Woman Entrepreneur Profile New Woman Entrepreneur Profile
Should i get a patent? Should i get a patent?
Startup Lessons Startup Lessons
Entrepreneurship as a Career Choice? Entrepreneurship as a Career Choice?
Secrets of the Bulletproof Startup Secrets of the Bulletproof Startup
Profiling Canadian Entrepreneurs Profiling Canadian Entrepreneurs
My entry My entry
2 More Hot Company Profiles 2 More Hot Company Profiles

 
About the Author


Denise T. Davis
(Visit Denise's Website)
BusinessMart.com has become the fastest growing business for sale search engine, helping buyers and sellers of small businesses and franchises. BusinessMart.com has many resources to help you on your journey to start your own business, sell your existing business, browse busine sses for sale or open a franchise. FranchiseBuyersNetwork.com, which is owned and operated by Business Mart, Inc., helps individuals looking for information on franchise opportunities or business opportunities and guides them on a path to success!
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Denise T. Davis's

Complete
List Of
Buying-A-Business
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Denise T. Davis's Complete List of Buying-A-Business Articles For FREE!
Become An Author