Is 2018 the Year You Become a Franchise Entrepreneur?

By Nancy E. Williamsby, blackenterprise.com

Happy New Year! One of the top questions I was asked in 2017 is should I go the startup route or purchase a franchise, so I thought I’d start out 2018 addressing that. The first step is to determine if you would make a good entrepreneur, and then consider if franchising is the right path to becoming a business owner. Sixty-five percent of Americans want to be their own boss. Let’s face it, a lot of us think we’re smarter than our bosses, so being our own boss is a natural desire. An entrepreneur is defined as:

  • “One who pursues opportunity beyond the resources currently controlled”
  • “A person who sees an opportunity and creates an organization to pursue it”
  • “A dreamer who attempts to turn an idea into a profitable reality”
  • “Anyone who assumes the risk and responsibility for starting and managing a business”
  • “Anyone who takes the risk of starting a business for the purpose of making a profit”

Once you determine if this describes you, it’s important to understand the advantages and disadvantages of being an entrepreneur. Here are a few:

Read more at http://www.blackenterprise.com/would-you-be-a-good-frantrepreneur/

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