So you’re about to venture in business. The question is, should you start your own, or buy a franchise? If you’re plagued by uncertainty, then worry no longer. Evaluate yourself and your situation using the questions below, and your decision will be easier to make.

If you’re thinking of starting your own business, the number one question you should ask yourself is, “Can you handle it?” Aside from the money required, you need to think about your experience and your own skills. Can you get the resources you need on your own? Are you innovative enough to get ahead of your competition despite having no name?

Oftentimes, successful entrepreneurs from startup businesses have the unique quality of being able to take huge risks and triumph over them. Not that franchising doesn’t have any, but with a franchisor to jumpstart your business, the risks you take are largely reduced.

There’s also the situation of the economy to think about. With the recession at hand, how can you convince consumers to try out something they never have? Consumers want to be sure especially at this time, as they can’t afford to have even a centavo down the drain.

What it all boils down to is that whether you are capable enough or not. If you want less risks, if you want to gain more experience, then you can opt for franchising. Startup business require a more daring adventurer, and if you fit that description, then waste no time in investing on it.

So, have you made up your mind yet? Or are you still shilly-shally? Don’t rely on the flip of a coin, it’s your future we’re talking about. Take a while to take things into perspective, and find your solution from there.