Online or Bricks and Mortar
Starting a business is a pretty big decision to make, for a whole stack of reasons, simply deciding if it will be online or bricks and Mortar, will bring up a whole host of questions.
For a start, starting any business means taking your future into your own hands.
It means having faith in yourself that you can do, what the majority of people can't, or won't even try to do.
It means that you are willing to step outside your comfort zone, and it probably also means, that you are willing to do or learn whatever is necessary, to make your new venture a success.
Let me be the first to say, Good for you! Let's take a look at a Bricks and Mortar business Quite naturally, starting any kind of business, can be incredibly frightening for many people, as most of us don't handle facing the unknown, very well at all, so what's the answer? Educating ourselves.
If a person arms themselves with the necessary information like, Taxation requirements, sales and communication skills and marketing skills, just to mention a few, before starting their business, a lot of these types of fears dissipate, and become non issues.
So Education is the answer to conquering fear.
Obviously depending on what type of business, you are considering setting up, will play a large part in determining if it will be online or bricks and mortar.
A bakery or mechanic for example would have a pretty hard time running as an online business, however both, if they were smart, would incorporate the online world as an effective advertising medium, for any bricks and mortar business.
Cost will also play a huge part in deciding what your business structure will be.
To start pretty much any offline business will entail finding and outfitting the premises, with the necessary tools and needed equipment to run the business venture, dependent on the type of business, this could add up to, tens of thousands of dollars.
Then there will be the ongoing costs of rent, utilities, staff, suppliers, and offline advertising, even taking into consideration a franchise, a person would still have to outlay a tremendous amount of upfront cash, I think last time I checked, a McDonald's was about 1.
1 million to start, obviously there are cheaper alternatives, some as low as Twenty thousand, but as you can see franchises are not cheap, and surprisingly many don't pay as well as most people think they do.
There is also the question of being limited to one geographical area, which effectively limits your business reach.
Now let's have a quick look at an online business Continuing from above, it can safely be said that the start-up costs of an online business, are nothing in comparison to a bricks and mortar business.
A computer, a Service provider, a set of high value products and a good mentor and you are pretty much up and away.
Of course in the online world you are limited to the types of businesses you can do.
You will also face the prospect of people not taking your business seriously, because regardless of your business being online or bricks and mortar, most people associate A traditional business, as a place they can walk into and touch the product, they want to buy.
This attitude is fading rapidly, as more and more traditional businesses move online, to market their products and services.
The fact that a person can also start an online business, with absolutely no previous knowledge, and be taught everything they need to know, to make their business a true success, is one of the online world's most attractive features, for any prospective business owner.
As you can see, starting your own business either online or bricks and mortar, both have different considerations to be explored before committing to one or the other.
For a start, starting any business means taking your future into your own hands.
It means having faith in yourself that you can do, what the majority of people can't, or won't even try to do.
It means that you are willing to step outside your comfort zone, and it probably also means, that you are willing to do or learn whatever is necessary, to make your new venture a success.
Let me be the first to say, Good for you! Let's take a look at a Bricks and Mortar business Quite naturally, starting any kind of business, can be incredibly frightening for many people, as most of us don't handle facing the unknown, very well at all, so what's the answer? Educating ourselves.
If a person arms themselves with the necessary information like, Taxation requirements, sales and communication skills and marketing skills, just to mention a few, before starting their business, a lot of these types of fears dissipate, and become non issues.
So Education is the answer to conquering fear.
Obviously depending on what type of business, you are considering setting up, will play a large part in determining if it will be online or bricks and mortar.
A bakery or mechanic for example would have a pretty hard time running as an online business, however both, if they were smart, would incorporate the online world as an effective advertising medium, for any bricks and mortar business.
Cost will also play a huge part in deciding what your business structure will be.
To start pretty much any offline business will entail finding and outfitting the premises, with the necessary tools and needed equipment to run the business venture, dependent on the type of business, this could add up to, tens of thousands of dollars.
Then there will be the ongoing costs of rent, utilities, staff, suppliers, and offline advertising, even taking into consideration a franchise, a person would still have to outlay a tremendous amount of upfront cash, I think last time I checked, a McDonald's was about 1.
1 million to start, obviously there are cheaper alternatives, some as low as Twenty thousand, but as you can see franchises are not cheap, and surprisingly many don't pay as well as most people think they do.
There is also the question of being limited to one geographical area, which effectively limits your business reach.
Now let's have a quick look at an online business Continuing from above, it can safely be said that the start-up costs of an online business, are nothing in comparison to a bricks and mortar business.
A computer, a Service provider, a set of high value products and a good mentor and you are pretty much up and away.
Of course in the online world you are limited to the types of businesses you can do.
You will also face the prospect of people not taking your business seriously, because regardless of your business being online or bricks and mortar, most people associate A traditional business, as a place they can walk into and touch the product, they want to buy.
This attitude is fading rapidly, as more and more traditional businesses move online, to market their products and services.
The fact that a person can also start an online business, with absolutely no previous knowledge, and be taught everything they need to know, to make their business a true success, is one of the online world's most attractive features, for any prospective business owner.
As you can see, starting your own business either online or bricks and mortar, both have different considerations to be explored before committing to one or the other.
