Are you tired of your job and ready to be your own boss? If you’re interested in going into business for yourself, there are several different entrepreneurial opportunities to explore. You can build a startup company or you can invest in a franchise. Below, South Fulton Chamber of Commerce in Atlanta, GA, shares helpful information about both options.

Startups

If you’ve got a great business idea and are excited about developing your own product, brand, and business model, building a startup company is the way to go. With this entrepreneurial opportunity, you can do everything your own way, but there is a lot of risk involved. Because you’d be marketing a brand new product, clients might be hard to find at the beginning. Startups can be extremely rewarding, but it’s best to have some business savvy and an amazing product or service before pursuing one.

Franchises

When you invest in a franchise, you’re purchasing the rights to use another company’s name, products, and resources. With a one-time franchise fee and monthly royalties, you can get ready-made product packages, brand recognition, building designs, training materials, and more. Because people will already know your name and product, your franchise is more likely to succeed. On the downside, you’ll have to stay strictly within the bounds of clearly defined business practices. You won’t have the freedom to branch out with the business.

If you’re trying to decide whether you should invest in a franchise or a startup, it depends on what you’re wanting to get out of the experience. If you can afford a little more risk and want the freedom to be creative, the new startup might be better for you. Whatever you go with, starting any kind of business can be challenging, but it’s easier when you have great business networking resources. At South Fulton Chamber of Commerce, you can find the networking events, entrepreneurial opportunities, and resources you need to make your company successful. Call them today at (770) 782-2057 or visit their website to learn more.