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Ways to start my own business

If you dream of owning your own business and becoming your own boss there are many available alternatives. You can build your own business from scratch, become part of an established brand through franchising or start a home based business on a proven model, such as eBay selling or selling crafts.

Choosing what type of business you want

Many people know that they want to be their own boss, but are unsure about what their new business should be about. Take an honest look at your strengths and weaknesses and decide what kind of business is good for you. All business models have benefits and drawbacks. Starting from scratch
If you have a unique business idea or want to trade as a freelancer, you can find lots of advice to owning your own business on your local business help centre. This kind of organisation often offer documentation such as a how to set up a business plan, business tax advice and can even advise you on how to create your own website. Joining a franchise
Franchising is a business model based on joining an existing brand as an independent distributor. You could, for example, open a new restaurant associated with an existing chain or become a distributor of beauty products. Each franchise will have their own rules and requirements and will provide you with all you need to get started.

Starting an online business

Should you go online?
Depending on your niche, you may benefit greatly of taking your business online. If you are offering a service, setting up a small business website allows you to market yourself in a cost effective way. You can learn how to create your own website if you want to save money, or you can hire a web developer to do it for you and claim that expense against your business income. Working from home
You can successfully work from home by starting your own website and selling products through it, or advertising other people products under an affiliate marketing agreement. There are people making a full time income out of blogging or writing content, but you will need to be able to wait for a couple of years until you are established before the money starts rolling in regularly. Other home based business that have proven successful are web development, becoming virtual personal assistant or even crafting hand made jewelery and selling it online.

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