Wednesday, July 13, 2011

Opportunities Business Opportunities

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:

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 Articles

Opportunities How to find the best home business opportunities
Since companies have started downsizing their workforce, more and more people are looking for ways to work and earn from home and start their own home based business.

Opportunities Business Opportunities
A Google search for the term 'business opportunities' returned over 750 MILLION results - which one suits you?

Special Thx : Seeking the right business opportunity.

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1 comment:

  1. Very informative post for me as I am always looking for new content that can help me and my knowledge grow better. Keep it up.