Choosing an avenue for your independent enterprise largely depends on your resources. Each of the three options has its own unique advantages and should be thoroughly considered before you embark on your dream business.

My Business list the following advantages and disadvantages for each:

1. Starting a business from scratch can give one a sense of accomplishment and ownership. However, you should recognise that you're not known and have no track record. Furthermore, establishing a new customer and supplier base could prove rather tedious.
   
   
2. Buying an existing business becomes appealing in three scenarios:
   • When you don't have an idea but discover one in an existing business
   • When you have more money than time
   • When you want to grow and the selling business owner 'wants out' because he or she is close to retirement, emigrating or moving on to something different.
   
   
3. Franchising
   You will not be in business alone. But this primary benefit could also be a drawback. Whilst this could be good news in terms of name, recognition and 'clout', the possibility exists that you won't have total independence.

   In all cases, speaking to friends in business or professional advisors will help determine which route you should follow. Make sure you do your homework. Here's some help:

   • Search for franchises: www.fasa.co.za