Should I start a new business or buy an existing one?

Should I start a new business or buy an existing one?

5 questions you need to ask yourself

new business header image

Both are challenging options. You’ll need a whole lot of drive to succeed whichever one you choose.

But there are a few key points you can consider which will help you make your decision…

Here we’ll ask a few questions which make it easy to compare and contrast buying a business and starting your own business:

Q1) Are you confident you can secure your own finance?

Look at it from the point of view of a moneylender. Would you prefer to lend your precious cash to:

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5 favourite apps that can help systematise your business

apps blog cover

Efficient systems are perhaps the biggest drivers of a successful business. Confusing processes. And ad-hoc structures are not your friends if you want to avoid wasted time and uneven service delivery.

Whether you’ve just opened your first start-up or you’re a highly experienced franchise owner with an entire network to manage, you can always, always be more efficient.

Here we’ll take a look at five apps that can help you properly systematise your business:

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6 essential franchise advice tips you can’t miss

From our top-performing franchisees

Top franchsees

Are you thinking of joining a franchise network? Do you have questions about what’s involved?

Good news! We asked some of our top performing franchisees:

What would be the best franchise advice you could give to someone just starting out?

1) Ask questions before you begin

All of our top performers have one thing in common:

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5 Steps to Better Work-Life Balance

Clayton Treloar, CEO MBE Australia shares how he achieves it as a franchisor and franchisee

people on the beach

Starting a new business can destroy your work-life balance. After all, how can you think about even taking a break with so much to do?

Most good franchise opportunities come with training…

What they don’t always come with is a handy manual explaining why every manager, franchisee and franchisor is in need of a work-life balance which is sustainable for them.

Many high-flying CEOs swear by the latest “sleep hacking” craze. You know the one:

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Top 5 Books to Read for Potential Business Owners This Summer

Sunglasses on book

More people are feeling unappreciated and underpaid at work than ever before. But whether you’re looking into starting your own business, buying a franchise or becoming self-employed, you need to do a bit of research.

Because even if you’re a franchise and you’re going to have the support of your network behind you, you still need skills to succeed. Here are five books that all potential business owners should read:

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Five things you need to know when cold calling

MBE expert Cold Calling

You might think cold calling is dead. But it’s very much alive and well – if you do it right.

Because whether you’re a business owner, franchise owner or franchisee with the freedom to do your own outbound marketing, there are certain things you need to know when cold calling:

1) Aim for an appointment – not a sale

Very few people will hand over money or even agree in principle to buy something from some stranger who called. That’s true whether it’s something big like buying a franchise, or something small like a magazine subscription. But meeting up for a free, no-obligation chat though?

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What to do with your mail when you go on holiday

Secured MBE Mailboxes

You’re going on holiday! Nice! Congratulations. But if you want to be able to pick up your life when you get back (sigh – don’t think about that yet), you’re going to need to do some planning. Somewhere near the top of your to-do list should be figuring out what to do with your mail when you go on vacation…

Because you’ve got some options:

1) Ask your delivery company to hold your packages

If you can figure out which company – Australia Post, DHL, TNT, FedEx, Parcelforce – is going to be delivering any package that you’re expecting, you might be able to get them to hold it for you.

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How to choose the right social media platforms for your business?

Social Media Icons

So many social media platforms. So little time…

Whether you’ve got your own business and have started to promote it online. Or you’ve done something like buying a franchise so that some of the hard work is done for you. This article should help you when it comes to choosing the right social media platforms for your business:

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Are you cut out to be a business owner or a franchise owner?

MBE Teamwork

The modern marketplace is growing more and more crowded in many industries. And for a lot of young people these days, starting their own business is the only way to get a decent job. Buying a franchise is one way to do that. Already by 2016, the franchise sector in Australia was worth more than $146 billion.

But is being a franchisee right for you? It’s time to ask yourself some hard questions about your own skills and experience. As well as what you want your time spent running your own business to be like…

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