In this video we will discuss the pros and cons for 3 options related to the E-2 Visa Program. Some of the pros and cons are:
Option 1: Buy Existing Business
Pros
-Business is already operational
-Inherit customer base
-Historical financial figures
Cons
-Fraudulent financial figures
-Very unlikely to find a successful existing business for sale
Option 2: Open New Independent Business
Pros
-More entrepreneurial
-Potential for higher return
Cons
-Increased investment and business risk
-Unfamiliar market
-Competitive market landscape
Option 3: Open New Franchise Business
Pros
-Support from the franchisor
-Established business model
-Economies of scale
Cons
-Costs associated with gaining franchise rights
-Restrictions imposed by franchisor
