Start Your Own Business

 

 

BUSINESS OPPORTUNITIES
Your guide to setting up and running a successful business.
     
 
 
 

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BUSINESS OPPORTUNITIES

 

Business Opportunity

 

Seeking the right business opportunity.

 

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)

 

 

 

 

 

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Free Guide For Small Business & New Business Start Ups.