Franchise or Start-Up?

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The franchise industry turns over billions of dollars a year. Buying into a franchise can offer a new business owner some support and stability, but it can be more expensive to do this rather than launch a business of your own. As a start-up, you will be able to control your own business, and reap some huge rewards for your hard work. Whichever route you go down, there’s a lot of research that needs to be done to find out what opportunity there is and whether it’s a worthwhile investment. The right option will depend on your business style, business acumen and the type of person you are.

Franchise Vs Start-Up

If you decide to buy into a franchise, it’s likely to be a bigger investment than starting up on your own. This is because the franchise will share an initial fee for you get started with them. The advantage is that a franchise has a lower risk of failure, and the franchise might help you secure the funds to get started. You will need to keep paying royalties to keep your franchise, but you will keep getting support too for things like advertisement costs and the reassurance of a known brand. 

When you start a business on your own, you need a business plan to get any investment. If you can’t secure a big investment, you can get started using loans or credit cards. Whatever you need to do to get started and keep your business afloat in the early days, you will need to make sure that you also have a long-term plan in place, so your business can continue to grow and doesn’t falter in the early stages. 


One of the big advantages of buying into a franchise is the strong support network that comes with it. Some big franchise, such as Auto Repair Franchises, give their new starters a few weeks of training, with time spent in a classroom learning the brand and time spent in existing franchise sites learning more about the business. The other advantage is that you also have operational processes and links with suppliers already in place through the franchise. You will be looked after from the beginning. The downside of buying into a franchise is that you won’t have the freedom to try anything new or build partnerships on your own. 

If you decide to start your own business, you will be able to make all your own decisions at every stage of the journey. This will take hard work and a lot of knowledge, but if you have a great idea for a business, you will probably want to shape it yourself and watch it grow. By what support is available to start-up businesses? Good business is good for the economy, so look into government schemes that offer funding, advice, and support. There are lots of websites, forums, and books out there that can offer lots of valuable advice that can guide you through the process of starting your own business.

Picking Yourself Up After Failure

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There will always be times in life when things don’t quite go to plan, and when it comes to living through a mistake or an issue, it can be difficult to accept our mistakes and move on.

Making mistakes is a part of life and it is natural for us, and it is important that whenever we make a mistake we are able to pick ourselves up and dust ourselves off once more. Today we are talking about how to pick yourself back up after a failure and get back on track.

Accept it

When we make a mistake or fail at something in our lives it is crucial for us to accept what happened and move on. The first step to making a change and becoming a better person is to accept what you have done and understand that things happen for a reason. If you failed your driving test, it could just mean that an extra lesson or two could be a good idea for you. Don’t worry about anything and make sure that you are ready to take the next steps.

Don’t blame yourself

The things about failure is that it isn’t always going to be your fault. A failure which you blame yourself for could be something entirely different, such as with Peter DiTommaso, it is important that you don’t blame yourself for something out of your control because it will not help you move on and face your fears in the future.

Seek support

It is important for everyone to have a support network of people they can trust and rely on in any situation. After a failure you will be feeling vulnerable and you will likely suffer a knock in your confidence. To ensure that you are able to move on and be happy it is a great idea to seek support from family, friends and even professionals to make sure that everything is as it should be with your mental state. Having people there to guide you and support you can make all the difference and it will be exactly what you need in the future.

Make an action plan

The biggest step you can take after a failure is to pick yourself back up, swipe some war paint on your cheeks and get ready to face the battle head on once more. The choice to make a new plan and work harder to better yourself is important and it is crucial for you to do this in order to build back your motivation and your confidence. Once you have both of these at your disposal you can face the issue once again, learn from your past mistakes and be sure to find success.

Move on

Moving on from a failure is always going to be hard, but you cannot move on with your life if you let it hang over your head. Be sure that you take the time out to relax and get away from your problems and when you get back, push them aside and move on with the next chapter of your life.