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