Pros and Cons : Startups and Franchises

Pros and Cons of a Startup

If you’re thinking of starting your own business, based on your idea for a needed product or service, there are a few things you need to know before you dive into the pool.

The Pros

You own the idea You’re the Creative Director You retain all of the equity You can run your business as you please You keep 100% of the profits

The Cons

Your total upfront investment is unpredictable You don’t have a clue as to when you’ll break-even You can’t get a good handle on your expenses at first Your risk is big, because you don’t know if your idea will work You’ll be under tremendous pressure to make your business profitable