Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Optimizing Your Business for Mobile - Not too long ago, your business would be considered tech savvy if your website was easy to read on a smartphone and employees could access their emails on the go.

But, with how quickly the digital world is moving these days, this is just the beginning...

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Kaeser & Blair Promotional Products
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
 
Resource Center > Article
Four Rules for Navigating the Enormous Sea of Business Opportunities for Sale
Share this Article:

With dozens of categories and industries to choose from, today’s marketplace of business opportunities for sale can be overwhelming for anyone who knows they may want to start a small business of their own, but who is unsure where to begin. There are online options, work-at-home options, retail options and even low and no-cost options. In fact, when it comes to the realm of business opportunities for sale today, the sky’s the limit.

Thankfully, there are a number of resources available to help you in narrowing your search, not the least of which is the U.S. Federal Trade Commission’s (FTC) Business Center. It provides prospective business opportunity owners with important information and guidance to help them make a final decision on their most suitable option and evaluate their potential success in any given industry.

business-opportunityIn the meantime, here are four quick tips for how you can begin to make sense of the exciting and yet somewhat daunting task of selecting which one of today’s business opportunities for sale is right for you:

1. Do your background research

Each of the business opportunities for sale today represents the age-old principle of supply and demand. You’ve got something to sell, and people want it. Or do they? Just because someone says that what they are selling is going to make you money, that doesn’t mean you should believe it—not without doing your own homework anyway. So never take anyone’s word for anything when it comes to business. Do your research!

2. Find a mentor to guide you

Studies show that the majority of successful entrepreneurs agree having a mentor is one of the most critical pieces to starting a small business and making it successful. Find someone who is or has been a successful business owner in their own right and who can and is willing to guide you in making this very big decision. If you can’t find someone on your own, you need to consider contacting SCORE, a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals for nearly fifty years. Supported by the U.S. Small Business Administration (SBA), SCORE has a nationwide network of 12,000-plus volunteers who provide services at no charge or very low cost.

3. Ask for the Business Opportunity Disclosure Document up front

The FTC mandates that any business opportunity seller provide the prospective buyer with a one-page Business Opportunity Disclosure Document that provides you with five critical pieces of information: 1) it identifies the seller; 2) it tells you about any pertinent lawsuits or legal actions, if any; 3) it explains the seller’s cancellation or refund policy, if one is available, and explains its terms; 4) it stipulates whether or not the seller makes any claim regarding your potential to earn money, and if so, it mandates that the seller furnish you with an earnings claim statement; and 5) it provides you with a list of references. Ask for it. Get it. Read it. And…

4. Talk to references

Just do it! Yes, the Disclosure Document will give you references, but they mean nothing if you don’t contact them. Just because someone is likable, believable and tells you what you want to hear doesn’t make them reputable. Check references. Make phone calls. Talk to people. It’s probably the most important piece of the puzzle to increase the likelihood that you make the right decision when it comes to navigating the sea of business opportunities for sale today. Good luck!

We want to hear from you! What other key factors are involved in choosing from among the incredible marketplace of business opportunities for sale? What do you think any savvy aspiring small business entrepreneur needs to think about when they’re shopping for just the right fit? Tell us what you think…

 

 

Related Blog Posts

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started

Entrepreneurs Wanted - Once you’ve decided to take the plunge and enter the scary, exciting, challenging and oh-so satisfying world of entrepreneurship, you need to find the best business opportunity. How do you find one that has potential, sparks your interest and doesn’t break the bank? How do...

Start a Business Opportunity with $100 or Less - Don’t let a lack of funds keep you from starting your own business.

Start a Business Opportunity with $100 or Less Really IS possible. The variety of opportunities available is surprising, and not all are internet related. It’s a fact, you don’t...

How Do I Buy A Business And Not Get Ripped Off? - When you buy a business opportunity, you can hit the ground running. That’s because someone else has already developed the idea, the system, the service, the product, whatever form the readymade biz opp takes.

Here is a look...
The Opportunity Analysis Canvas By James V. Green (Author) “From the creator of “Developing Innovative Ideas for New Companies”, the #1 course in entrepreneurship with over 600,000 learners from 175 countries. IN THE OPPORTUNITY ANALYSIS CANVAS, DR. JAMES V. GREEN...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Become a Dealer For Our Portable Self Loading Forklift! We Want To Talk With You. Call Us Toll-Free for Additional Information at 1-866-924-LIFT (5438) Today!


Premium Sponsor