So you've got the entrepreneurial itch. The idea of being your own boss and building something from the ground up is calling your name. But once you decide to take the leap, you'll find that there isn't just one path to business ownership. In fact, there are three main routes: starting a business from scratch, buying an existing business, or joining a franchise.

Each option has its own set of pros and cons. Let's break down which one might be the best fit for your goals, personality, and risk tolerance.