For many the ultimate American dream is attaining financial independence. However, the easiest methods of making money, (which entails getting a job), may not offer the type of financial independence people are looking for. In fact, most people who have made it rich have done so by starting their own businesses or buying a franchise. If you would like to be one of these types of people, you will need to decide whether its better you start a business from scratch or run an existing franchise. This article will explain the differences between the two.
Firstly, you can expect to pay significantly more if you buy a franchise. For example, you will need at least $500,000 to get a Mcdonalds. Things may be cheaper if you decide to buy a lesser known franchise, but you will still need to pay in the hundreds of thousands. Compare this to the possibility that you may only need tens of thousands or even less when starting a business from scratch. If you are really ambitious yet poor, it is possible to start a business with absolutely zero dollars. You would have to do everything online and do a lot of marketing work through free advertising venues, but it is certainly...
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