#11 - Choosing the Best Business Model for Your Entrepreneurial Journey: Franchises, Online Businesses, and More

How To Quit Your Job and Start A Business (Limited Series Podcast)

You want to create a business of your own, but which business model is best for you? In Episode #11 of the How To Quit Your Job and Start A Business limited series podcast, Career Transition Coach Shannon Russell explores the four major types of business models you can choose from. Whether you're considering a franchise, online business, brick-and-mortar store, or service-based venture, this episode will help you determine the best fit for your goals, lifestyle, and entrepreneurial aspirations.

Shannon breaks down the pros and cons of each business model, drawing on her personal experiences and industry insights to provide clarity on which path aligns with your needs. You’ll gain valuable insights into:

• Franchising: Understand the benefits of brand recognition and support versus ongoing fees and limited flexibility.
• Online Businesses: Explore the advantages of low overhead, global reach, and scalability versus the competition and technical skills required.
• Brick-and-Mortar Stores: Learn about the high investment, local engagement, and customer interaction compared to high operational costs and limited market reach.
• Service-Based Businesses: Discover the flexibility, scalability, and personal touch versus the dependency on client management and market competition.

Whether you’re already brainstorming your business idea or still exploring your options, this episode provides essential guidance on choosing the business model that best suits your entrepreneurial journey. Tune in and start planning your successful business transition today!

Free Resource: Download the Starting a Successful Business workbook at https://secondactsuccess.co/listen to organize your business ideas and follow along with the podcast series.

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