Advantages and Disadvantages of Business Ownership and Starting a Business

Read these sections for more detail about starting a business and some of the advantages and disadvantages in store for small business owners.

Starting a Business

Ownership Options

As we've already seen, you can become a small business owner in one of three ways - by starting a new business, buying an existing one, or obtaining a franchise. Let's look more closely at the advantages and disadvantages of each option.