For those of you who are thinking of starting a business to earn additional income, you may have been wondering whether you’ll start with a franchise or your own business. Actually, there are a lot of differences between franchise opportunity and business opportunity. The only thing that is common between the two is that you will managing it for its success. Here are some of the differences between franchise opportunities and business opportunities.

• Business opportunities will require you to formulate a plan for business, whereas in franchise opportunity the plan is already given to you.

• Once you start your own business, you are already on your own while in franchise; the franchisor will assist you in everything including marketing.

• You don’t share your revenues to anyone in a business opportunity whereas in franchising, your revenue will be partitioned.