For example, the new business may not generate as much income for you as you had expected. You must always look at more than just the dollar decisions when involving family. Franchising is a way to increase visibility and reduce the failure rate of your new business. Hiring a manager may enable you to keep your current job. But this alternative is only as good as the manager that you hire.
Home offices reduce the risks of many new businesses.
The home office alternative will keep your startup and shutdown costs lower. But the part-time operation can be the answer in certain situations. Know when to cut your losses . You need to come up with some type of cap on how much you're willing to spend to make your dream a reality. All Rights Reserved.