A Google search for the term 'business
opportunities' returned over 750 MILLION results
- which one suits you?
Looking for a genuine business opportunity that
will suit your skills, fit your budget and give
a realistic chance of earning a living (let alone
make you rich) is a mammoth task and one that you
should be taken slowly and carefully.
Top Ten Tips.
1) Take professional advice
2) Pick an industry that is 'on the up'.
3) Ignore any opportunity that asks for money 'to
tell you more'.
4) Pick a business that suits your skills or a
subject that you love.
5) Research thoroughly BEFORE parting with any
cash.
6) Question who is really going to make the money
- you or the person selling you the 'opportunity'.
7) Don't borrow more than you can afford to lose.
8) If you are buying an existing business - ask
an accountantto analyse the accounts - don't rely
on your own intuition to save money (unlsess you
are an accountant!).
9) Don't believe everything you are told - it may
be true but is always worth double checking!
10) Anything that sounds 'too good to be true'
will be!
Buy a business?
Buying an existing business is a good way to leapfrog
much of the set up process. Although the cost of
purchase may be higher than if you started from
scratch, you do gain a trading concern from day
one and should be able get a realistic idea of the
potential turnover/profits from the audited accounts.
Top tip - if you like the idea of buying a
business, Daltons Weekly and Exchange & Mart
have a vast selection of opportunities advertised
every week. Over 30,000 business are also offered
for sale at: www.businessesforsale.com
Buy a franchise?
Franchising is the granting of a license by one
person (the franchisor) to another (the franchisee),
which entitles the franchisee to trade under the
trade mark/trade name of the franchisor. The franchisor
will receive an initial fee from the franchisee,
payable at the outset, together with on-going management
service fees - usually based on a percentage of
annual turnover. In return, the franchisor has an
obligation to support the franchise network, notably
with training, product development, advertising,
promotional activities and with a specialist range
of management services. For more information see
our Franchise section.
BUSINESS
OPPORTUNITIES - HINTS & TIPS
Plan to succeed, or you plan to fail.
People who plan every week what their most effective actions should be to achieve their goals, succeed with less effort than the rest. Make sure your goals are include all areas of your life starting with health, relationships and then money! Utility Warehouse. (09-03-10)
WILLING
the only thing that will stop you from building a succesfull business is, the limiy to what you are willing to do to make it a success The Golden Bear Group . (25-02-10)
