Have you ever considered owning and operating a business in Canada where you get to be your own boss? In honor of Boss’s Day 2016, consider making a pledge to start your own business so that you can be your own boss. Here are a few factors you might consider.
What Type of Business Should You Own?
Typically, you want to be the boss of a business you will enjoy. If you hate to cook, then owning a restaurant might not be an ideal business for you. Think about your likes and dislikes. Do you have a passion for something? Take an assessment of your particular desires, skill set, and personality type. When you understand who you are and what you want out of your own business, it will help lay the groundwork for a successful endeavor. There are plenty of quizzes online to guide you, like this one from USA Today.
Research Your Business Options
It’s great to know who you are and what you can bring to the table, however, not all businesses are feasible. Once you have narrowed down the type of business you wish to own, do your due diligence and research the idea. You might be passionate about horses and want to own a horse farm, but you live in a city, never ridden a horse and your research may show that the time and financial investment may be a huge obstacle.
Research Your Business Idea Thoroughly
Contact similar businesses, look online to size-up the competition in your area, read industry projections, and speak with reputable financial planners and lawyers to discuss the risks involved. Consider contacting your local SCORE office for assistance, they connect entrepreneurs with mentors.
Assess the Business Industry
Another item to investigate would be industry trends. Assess and look for a growing industry. For instance, according to IBIS World the Janitorial Services Market Research Report from July 2016, as well as Franchisehelp.com both mention that commercial cleaning is growing.
Plan your Path to Be Your Own Boss
If commercial cleaning is of interest, you can certainly start a company on your own, or mitigate the risk and go with a proven business model like that of a Vanguard Cleaning Systems® commercial cleaning franchise. A Vanguard® franchised commercial cleaning business owner can get started with a relatively low initial investment, manage risk by controlling the timing and ramp-up of their business, and ultimately build a successful, independent janitorial business. The Vanguard Cleaning Systems franchise business model has existed since 1984. Learn more by visiting the website or contact your local master franchise regional office.