'Starting From Scratch Or Buying An Existing Business\r'

'Starting From Scratch Or Buying An Existing work If youre about to lose a line of credit, youll think about how to amaze it, by staring a crude star or buying an existing unmatchable. Anna Bryant bought an existing salon when she had the come across instead of finding her own.The contends for t put on ar beca determination she had no craft get laid or skills simply she believes that she lay down got the capabilities to persist this salon, besides shes an entrepreneur for the runner time and this depart part with her the time of the stating period plus the attack of building the stock name and blade it carry in ground, it also prepare customers and taff and already been test for years so she dope start reservation gross revenue from the first day.Before buying the employment at that place are some(a)(prenominal) steps to be taken, studies, plans and more, identical knowing the first owner decided to change the air and if there are major problems in spite of appearance the melodic phrase and figuring out how to solve them. appraise the dividing line enterprise is a must too because she wouldnt craving to pay more for the channel. She should get help and supplicate experts about tout ensemble the expand as she also contend to sit plans about how shell run the descent and about the changes needed to be make and ake expectations to be reached. Also evaluating the risks and see how to avoid them.After finding the reasons and applying the requisite steps before buying, Anna Bryant is now able to perform her decision. palmy Entrepreneur Effectiveness A Successful entrepreneur endure special characteristics, exasperation, willingness to take risks, cocksure attitude, Confidence, respect, and trust are all needed in the entrepreneur character. Commitment, leading skills, team building and tractableness also makes a good entrepreneur. acquaintance in markets and how to run businesses and ow to communicate with other s, all these characteristics build a Successful entrepreneur.Having no previous experience as an entrepreneur doesnt mean that the business wont be undefeated. Annas first business succeeded because she had a striking bucks of a masteryful entrepreneur characteristics, the first was her love to the business and her passion about fashion. Courage, Wisdom, and excitement all were in her heart, and the desire to take the business to the side by side(p) level all made her a capacious entrepreneur. Anna didnt contain an experience but she was mildewd to gain it by consulting and acquiring help from others. She sat goals and put plans, she had a fancy and this is one of the entrepreneur characteristics. ne of the challenges that face whatsoever business is financial arguement, high expenses, low sales and insignifi whoremastert protlts, these problems and more which were facing Annas business can be solved by emergence abstract techniques and take the honorable action based on the analysis process. Anna was able to improve the business pay by hiring a professional team and using their help, also by working on herself and gaining knowledge about the business market and learning some marketing techniques,. By studying the businesses hances, opportunities, strengths and weaknesses she was able to oversee it Just right.After that she started to make changes in the business and make it more effective and attractive, by offering new services and new fashionable designs that are loveable which brought her new customers, Anna didnt wait until she make the salon hardly as she wants, she stared to work and make profits right away plus working in making the needed improvements, taking an advantage of all the operational opportunities of the existing business made in easier for her to pull off all the financial matters and this made her a great entrepreneur.My references Nitish. (2011). Main Reasons to Buy an Existing Business. uncommitted: http:// accessed twenty-ninth April 2013. From E-library Slavec, Alenka-Prodan, Igor. (2012). The influence of entrepreneurs characteristics on picayune manufacturing firm debt financing. eastbound European Management Studies. 17 (2), 22-23-24. The Advantages Of Franchising Owning and running a certification instead of starting a business is an action taken by a lot of business people, John is one of them.Franchising remove advantages which makes it a better option, as for John, a right have a lot benefits to offer like having queen-size cognize brand to stand by you and musical accompaniment you for different aspects like the product knowledge, training development and sales. It was way easier that staring his own business. A franchise makes profits quickly, and it have a proven business format and its supported by the Franchisors. It have write down risks and worries and a help is available when needed from the Franchisors who have powerful motivation.From my point of view franchising ha ve fivesome main advantages, Branding, it offers a strategic identity which blow on the market, big businesses spend millions on their stigmatisation and ranchisee gets the advantage of that, and the Franchisors are mostly well know for customers. Advertising, advertising takes a lot of the business expenses and a business cant survive without expensive and effective advertising. chassis Recognition, which makes people guarantee the quality of the products and a known name gives them that.Reputation, which enable the Franchisee to enjoy protectiveness against lawsuits or accidents or any issues with the employees. Support, running a business ask training, and by have a Franchise youll get all the train you need, they want you to be masterytul because your success is ll possible ways. A Successful Franchise Business their success so theyll support you in acquiring a franchise is a boffo business to run, as its cleared by the advantages of franchising. t have the benefit of havi ng an access to the franchiser established system which have been running for a long time, franchisers spend a lot of time to modifying their system to the best it can be and hand it over to the franchisees, the system includes entropy about the products or services and all the details of the market methods, plus they make research to determine the best ocation for the franchise and some of them also manage the building and the renting matters which leave less worries for the franchisees.A nonher affaire is, franchisees are not alone, the are supported by the franchisers who really want them to success, they train them to operate the business effectively , this is a very important reason wherefore franchising can be a sure-fire business. Moreover, franchisees customers have a full cognizance of the business and its products so they can trust without even difficult it, means that loyal customer exists with any effort.John made it in his business and he became very successful be cause he had the experience of running a franchise before, he picked a good company with proficient model to franchise and he started with full postcode and high confidence. He received different trainings in different parts of the company, and used what he have learnt effectively and ran the business properly, he succeeded perfectly and became one of the best too.Here are a study which clears the success of franchising: franchises success rate is 90% comparing to notwithstanding 15% of business staring from scratch, meaning hat a franchisees will surely succeed as long as they follow the franchisors the instructions and use the support system effectively. My references: Don Daszkowski. Higher likelihood of Success with a Franchise Business . Available: http://franchises. about. com/od/buyingafranchise/a/franchise-success. htm. Last accessed 1st whitethorn 2013. From the E-library: Abell-Mark1. (2010). The franchising advantage. Managing Intellectual Property. 9 (1-2), 16-17-18.G OING FOR A BUISNESS Starting a business is never easy whether it was a franchising, entrepreneurial enture or an independent small business. If Im about to start my own business I wouldnt go for franchising, not because it wont be successful or because its hard, its Just that Id kind of to come up with new idea and amplify something to the world rather that applying the idea of someone else, franchising whitethorn be profitable and better option tor those who are seeking tor cash and high incomes but Im one ot those who cares more about changing the world and set my fingerprint on it.Becoming an entrepreneur of an existing business is a good idea which will save a lot f preparing time in the starting period, still the existing business may not apply my own perspectives which means Ill have to do a lot of changes and this may speak to me more that what Ill may pay if I started it myself, Thats why my best option is to start from the ground. My new small business is about handmad e stuff trade, not going to say its growing fast but I follow the saying: think big and start small.My band is LA FEMME TOM and its a one-person business so far, its growing easy but its giving me all I need at the moment, plus its helping me to spread the awareness of the mportance and the value of the handmade stuff which is one of the business aims, it is about selling my handmade stuff, giving courses on how to make them and supporting those who have a genius in this field.I sell my stuff online and in some places, I dont have my own shop thus far but soon Ill do as its planed for. The business approach is to grow and have many branches, its in a progress development and aiming to have partners and shoot working hands to take the production to the next level. Basically the business activities are about girls hobbies to pelt the spear time with useful and beneficial things.\r\n'