Manju Iyer asks for your advice in opening a new business. She plans to provide tax-related services to individuals and small-business owners in her community. Of course, she wants an attractive means of starting and operating her business with a reasonable hope of succeeding in it. What will be your advice?

Question

Quizplus · Accepted Answer

Purchasing a franchise can provide a new business owner with an established brand and business model, which can help attract initial customers and reduce some of the risks of starting a new business from scratch. Additionally, the franchisor can provide training and support in areas such as marketing and operations. For a tax-related service, there may be established franchises available in this industry, making it a viable option for Manju Iyer to consider.

Manju Iyer Asks for Your Advice in Opening a New