60. Basics Of Starting A New Business

Brad Sugars discusses starting a new business and the three different ways to get into business – Start-Up, Set-Up and Franchise. He outlines the challenges of getting into a business and positions the ownership of your first businesses as an apprenticeship to successful ownership. He also details how the Start-Up is one of the most expensive ways of getting into business in terms of time and resources; while the Set-Up is more advantageous, in term that most of the basics and foundations are already in place. A franchise, on the other hand, is a great way to first get into business, because you are buying an existing brand and system.