Like you, your business is unique
All businesses are different and it's important to create the right one for you.
Taking over a fish and chip shop that has been making the same amount of money every week for 10 years has little in common with planning a tech startup with seed funding requirement. Spending your savings on a franchise where you can talk to other franchise holders about their experience is the opposite of building your personal brand and working on ad partnerships. Here are some questions that can help you start to work out what business model will suit you and your family:
1: What financial commitments do you have?
2: When you fantasise about success what are you imagining?
3: What is your appetite for risk?
4: How supported are you in this dream? Is everybody that matters on board?
5: What is your appetite for work? Are you looking for a side hustle? Something that works in school hours or something that consumes your life?
These questions can help you decide what business model would be right for you.
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