How To Pick The Best Business Opportunity For You !
When looking for a business opportunity you should look for 7 primary qualities:
- Integrity : Does the company have a reliable track record/history?
- Value : Is the company providing a valuable service/product?
- Training : Do they provide you with quality one-on-one training and materials?
- Support : Is it easy to contact them and do they reply in a timely fashion?
- Compensation :Is your effort rewarded in a timely manner (Return On Investment)?
- Investment : Does the opportunity require tens of thousands of dollars to get started, and years for you to recoup your initial investment?
- Recession Proof : Can it be profitable in an up, down or side ways economic market?
All these qualities are important when choosing a business opportunity.
Too many people jump in to an opportunity such as MLM ( Multi Level Marketing) that promises them mountains of gold, only to find that they have been ripped off after the opportunity seems to have disappeared into thin air or has gone bust.
Another opportunity being marketed is that of the franchise. A franchise business is a method a company uses to distribute its products or services through retail outlets owned by independent, third party operators. The independent operator does business using the marketing methods, trademarked goods and services and the “goodwill” and name recognition developed by the company. In exchange, the independent operator pays an initial fee and royalties to the owner of the franchise.
The company that grants the independent operator the right to distribute its trademarks, products, or techniques is known as the franchiser. The independent, third party business person distributing the franchiser’s products or services through retail or service outlets is called the franchisee. The franchiser charges hundreds of thousands of dollars for a license, and in addition may require annual payments to continue using their name and trade marks.
Whatever business you choose to get involved with make sure it meets your budget and expectations! There is nothing worse then starting a business that becomes un-enjoyable, unprofitable, and finally becomes a 80 hour torture chamber.
