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Contributing Authors

	Stephanie Chandler Author of The Business Startup Checklist & Planning Guide
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	Joe Kennedy Author of The Small Business Owner's Manual
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	Tom Severance Author of Business Start-Up Guide
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	Steven D. Strauss Author of The Small Business Bible
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Business Startup Options

Most entrepreneurs start their business from scratch. Why is this so? Many do not even consider the two other options.

Here are a few of the most common advantages to starting your business from scratch:

You can create a business, image, and reputation that reflects your personality.
It gives you the opportunity to provide a unique service or product to the market.
Customer contacts and relationships are new. There is no prior ill will.
You can evaluate and choose new suppliers.
You can evaluate and choose new employees.
You can identify and acquire or lease an optimum location
No equipment, supplies, or inventory exist, so you can choose exactly what you want.
You can develop and nurture new credit and banking relationships.

On the other hand, be aware of these disadvantages:

Starting a business is riskier than buying an existing business.
Starting and organizing a new business takes more time and energy than buying an existing business.
Capital and credit may be more difficult to obtain because of lack of history and experience.
It may take time to develop a solid customer base.
You may need supplemental income in the early years, until the business becomes profitable.
You are less sure of the marketability of your product or service.
Talented and experienced employees may be difficult to obtain and compensate adequately.
Costs are more difficult to estimate.