Webinar: 3 Paths to Business Ownership: Start, Buy, or Franchise

Webinar: 3 Paths to Business Ownership: Start, Buy, or Franchise In this Freedom Friday episode of Journey to Business Ownership, Patrice Miles hosts a practical webinar on Exploring Options Outside of the Traditional Job Market—and breaks down the three main paths to business ownership:✅ Start a business from scratch (and how to reduce risk by validating the “first dollar”)✅ Buy an existing business (what it really takes, timeline expectations, and the acquisition steps)✅ Buy a franchise (what you’re actually buying, who it’s a fit for, costs, royalties, and the discovery process)🎤 Featured guests:Dave Oetkin — Center Director, Kentucky Small Business Development Center (SBDC) https://kentuckysbdc.com/louisville/Rudy Moeller — M&A Advisor, Calder Capitalhttps://www.caldergr.com/team/rudy-moeller/You’ll hear honest insights on common misconceptions, the importance of building the right support team (banker, attorney, accountant), and how to avoid expensive mistakes—whether you’re starting, acquiring, or franchising.In this episode, we cover:-The “traditional” startup path vs the smarter validation-first approach-Why getting a paying customer early matters (“first dollar” validation)-What it really costs to buy a business (and why it takes time)-SBA loan realities, due diligence, LOIs, and acquisition timelines-What a franchise is (and is NOT): system vs guarantee-Typical franchise investment ranges + working capital considerations-Who franchising fits best (and who it doesn’t)📌 Patrice also shares her personal journey—from real estate and homebuilding to six years in Nigeria, launching a nonprofit, and now helping others evaluate business ownership with clarity.💬 Question for you: Which path are you most curious about—starting, buying, or franchising?👋 Connect with Patrice Miles:Career Ownership Coach | The Entrepreneur SourceWebsite: https://www.JourneyToBusinessOwnership.comLinkedIn: Patrice Miles / https://www.linkedin.com/in/patricemiles/#FreedomFriday #BusinessOwnership #Entrepreneurship #SmallBusiness #Franchise #SBA #SBDC #BusinessAcquisition #MergersAndAcquisitions #careerchange Webinar: 3 Paths to Business Ownership: Start, Buy, or Franchise