Franchising allows you to sell an established product or service and use existing operating methods from the franchiser. In many cases these products or services are well known in the marketplace so it can be easier to be a franchisee.

Buying an established business can be quite expensive, but it provides you with an established clientele, stock and equipment. It may also include established premises.

Starting a business from home limits your initial financial outlay and reduces travel expenses. You can work in your own environment and can work flexible hours. You can also claim a proportion of household costs such as electricity, telephone and rent as tax deductions.