There are different opportunities available when you want to start your own business. You can come up with your own business concept and start the business from scratch. When you do this, you will have the full responsibility of finding a location, securing financing, purchasing inventory and opening the business. There is no on-the-job training, so you will have to draw from your previous work experience. If this method seems too overwhelming, you might want to consider starting your own franchise instead.
Training and Support is Provided with a Franchise
A franchise offers you some advantages over starting a business from scratch. The biggest advantage is that you receive training and support from the franchisor. This eliminates the need for prior work experience in the industry. The training and support that you receive will allow you to look at more opportunities and eliminates the need to limit yourself to only those opportunities in which you have prior experience.