Starting a new business
Is at once most risky path, in the same way it promises the greatest rewards for success.
Advantages of start-ups new business
1. A start-up begins with "clean slate".
2. A start-up provides the owner with the opportunity to use the most up-to date technology.
3. A start-up can provide new, unique products or services that are not available from existing business.
4. A start-up can be kept small deliberately to limit the magnitude of possible losses.
Disadvantages of Start-Ups new business
1. A start-up business has no initial name recognition.
2. A start-up business will require significant time to provide positive cash flow.
3. A start-up business can be very difficult to finance. " such as banks, it's not easy to take loans".
4. A start-up usually can't easily gain revolving credit from suppliers and financial institutions.
5. A start-up business may not have experiences managers and workers.
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