Many people dream of owning their own business.  However, that could mean virtually anything, because there are so many different types of business opportunities available.  Whether you want to start your own business, or find a business for sale so that you don’t have to do everything from scratch, you need to consider the range of available opportunities to make sure you choose one that is the best fit for you.

Here are a few examples of businesses you could get into:

1. Affiliate businesses selling product for a parent company.  Examples include Avon, Mary Kay, and dozens of similar companies.  These companies usually require salespeople to buy the merchandise up front, and then resell it for a profit.  Long considered an ideal home business for mothers and homemakers, success is generally dependent on how much time and effort a person is willing to put into their business.  However, since a lot of selling is involved, and since it’s not a genuinely independent business, this isn’t an ideal opportunity for everyone.
2. Franchise businesses.  A franchise business is similar to Avon and Mary Kay setups, except that the owner is responsible for much more — leasing space, paying employees, etc.  Since it operates under the parent company’s name, the franchise is required to offer the same products, services, and prices at all the other stores.  The parent company also gets a cut, but since the franchise attracts customers with familiararity and consistency, franchises can be highly profitable.  Examples of these kinds of arrangements include Subway and Ship on Site.
3. Business startup.  If you want your own independent business, you can take the plunge and start a business from scratch.  This is more satisfying for many people, but it also carries a higher risk factor than opening a franchise.  However, if you know what you are doing, write a good business plan, and get financing as needing, your chances of success are much better than those who venture into these waters unprepared.

Not every small business offers complete financial freedom — in some ways, you are more of a slave to your company when you are its owner than when you are just an employee.  Even so, the experience and investment of owning one’s business is well worth the extra work for many people.  As long as you pick a business that is a good match for you, you are sure to love owning your own business!

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