start simple: a guide to starting your company, part 2

Our launch event is tomorrow…wow!!! Welcome to the next disruptive social network…BluChipz.com

This is a big deal…and we wanted to do it right. Based on the buzz…I think we’re doing just that. We fully expect to be the premier online community for athletes. What better place to showcase our new company than at a premier sporting event?

Tomorrow…Team BluChipz celebrates with the New York Yankees and the Baltimore Orioles. Hot new internet startup, the Bronx Bombers and the O’s…sounds like a great night!

Let’s continue with your startup…

When determining the type of company you wish to start, you also need to consider the way in which you start. Do you want to start a completely new venture? Do you want to purchase a franchise? Do you want to purchase an existing company? Do you want to participate in a Multi-Level Marketing organization (MLM) or Network Marketing? There are several opportunities to choose from…but which one is right for you? Let’s look at them a little closer. 

New Company- everything is new. It’s your company. You set the policy. You set the image. The down side can be: no proven formulas, no definitive startup cost (all estimated), no established market presence.

Franchise- here you have a proven formula and an established name. Many provide financing and marketing assistance. However, you will have little to no control over many issues affecting your business. Usually, there are fees and royalties to be paid annually.

Existing Company- everything is usually established (good and bad). You will have an established market, clientele, equipment, and business formula. But, it may also come with a “high price tag” and established problems (bad history with employees, clients, suppliers, etc.)

Multi-Level or Network Marketing- these should come with lower overhead and a huge support network. However, it is a saturated market regardless of the product or service. And there is always the question of potential success and legitimacy within these organizations.

The bottom line is…exercise caution! Do your homework and evaluate carefully. All the above present challenges to your success through one means or another. You can be successful using any of the methods but…Which one is best for you?