Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Business Opportunities to Own
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

Young Entrepreneurs Start-Up Advice —the best advice, helpful tips, and questions for the aspiring, young business owner.

To help you decide if you're ready to start a business, we’ve complied the best young...
Everyone will be hearing a lot from the newest addition to our staff: Digital Marketing Manager Hired Margaret Mallonée! This hire was a strategic move to enhance our staff for the new digital media platform we will be introducing in the weeks and months to come. Chicago,...

Slammed last year by what will surely be one of the most expensive and devastating natural disasters to ever hit the Northeast, millions of individuals, many of whom are work-at-home or other small business owners, are only now years later truly beginning to recover from the damage that Hurricane...


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
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Hurricane Recovery Resources for Business Opportunity Owners
in the wake of a crisis of this magnitude can be especially maddening, DisasterAssistance.gov is good place to start...
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Sales Hack To Increase Your ROI and Productivity
Sales Hack to make you more money! Sales Hacks are not new, but how you use them is. We receive lots of emails.. Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
 
Resource Center > Article
Minimizing the Risks of Entrepreneurship
10 Feb 12 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

It’s long been thought that pursuing the dream of owning your own business is a risky proposition. And while some element of uncertainty is an inherent part of any entrepreneurial endeavor, the risks associated with being your own boss in this day and age may not be as great as they once were. Why? First and foremost, it’s because the old ways of doing things just don’t apply. And second, everything is relative, perhaps more so than ever before.

Let’s start with today’s changed economic climate. Time was not too long ago that someone would work for the same company for the duration of his or her career, all the while enjoying great health and other benefits that made loyalty worthwhile. Perhaps more importantly that loyalty was returned. Those days are long gone. Job security, no matter what the workplace setting and in virtually every industry, just isn’t a reality anymore. There are no guarantees.

While that reality may seem like a downer, other changes have come along that well make up for it. For example, technology has had a huge positive impact, creating an unprecedented number of alternative self-employment options today. Not only that, but it’s made everything it takes to run a business―from marketing to simple administrative tasks and everything in between―that much more affordable and efficient.

Put the big picture together on all of this, and the prospect of owning your own business opportunity, distributorship or franchise―or even starting your own business from scratch―becomes less about going after some romantic pipedream and more about achieving a very concrete and realistic goal.

So if you think owning your own business is something you’d like to do, but extreme risk makes you uneasy, there are a number of things you can do to minimize it while maximizing your chances of success.

Here are some of them:

• Consider buying an existing business, one with name recognition, trained staff and a proven track record. Or, explore the incredible array of business opportunities, distributorships, licensee opportunities and franchises that are available, most of which provide an already established business model, as well as training and ongoing support.

• Choose a business that requires very little in the way of up-front capital investment or start-up costs. For example, the number of viable Internet-based business opportunities is increasing each and every day, and many of them do not require much money up front to get started.

• If you’re determined to start a business from scratch, know this: Those who fail to plan, plan to fail. ‘Nuf said!

• Select a business that you can work on part-time at first, one that does not require you to give up your day job until the time is right.

• Start by dabbling. Try marketing your product or service on a very small scale at first in order to test your proposed market. Take some time to conduct a feasibility study before you jump into anything. Is there sufficient demand for what it is your offering in your area? Define your competition and make sure you are very clear on how you will be different and/or superior.

• Don’t have your head in the sand going in. Recognize that the vast majority of new businesses do not make a profit during the first year or so. Be prepared. Make sure you have enough financial resources to get you through until your business achieves some semblance of stability.

• Be clear from the outset how you will define success―short-term, long-term and over the course of your working life. Set your goals accordingly, and take steps to achieve them in manageable and realistic allotments of time. And remember, success is always and forever will be about more than just making money.

• Finally, it’s a fact that people who love what they do will tend to succeed more often than those who don’t. So choose what it is you want to do very carefully. As a business owner, you’re undoubtedly going to have to work longer and harder than you ever imagined. But, if you love it, it’s all worth it. Moreover, even though you may have to incur some element of risk, you and you alone will reap all the rewards and enjoy the satisfaction that comes from living without regret. And that’s not such a bad payoff.

Related Blog Posts
22 Sep 17 Posted by: Margaret Mallonée
in Featured Articles

Young Entrepreneurs Start-Up Advice —the best advice, helpful tips, and questions for the aspiring, young business owner.

To help you decide if you're ready to start a business, we’ve complied the best young...
14 Sep 17 Posted by: Kevin James Culp
in Featured Articles
Everyone will be hearing a lot from the newest addition to our staff: Digital Marketing Manager Hired Margaret Mallonée! This hire was a strategic move to enhance our staff for the new digital media platform we will be introducing in the weeks and months to come. Chicago,...
3 Sep 17 Posted by: Kathleen C Lanza
in Featured Articles

Slammed last year by what will surely be one of the most expensive and devastating natural disasters to ever hit the Northeast, millions of individuals, many of whom are work-at-home or other small business owners, are only now years later truly beginning to recover from the damage that Hurricane...

23 Aug 17 Posted by: Kevin James Culp
in Featured Articles

Marketing pumps leads and buyers into your business. There are multiple types of marketing methods, from paid advertising to social media. One of the most efficient is called drip marketing.

Here is a quick guide to drip marketing, an effective way to nurture leads using the power of automation. What...
18 Aug 17 Posted by: Kevin James Culp
in Featured Articles

Do you look around at your cubicle and dream of the day when you view the world from your yacht? You can do it, if you follow the right steps.

The dreamer’s road from wage slave to millennial millionaire is paved with hopeful thoughts. The winner’s road is built with one tiny change after another,...
 
   

I had the pleasure of setting down with Edwin Shoffner, CEO with Mattress by Appointment for BusinessOpportunity.com's very first Podcast that will be released on our new Digital Platform very soon.  Here is the transcript from that call for...
Read More

Video Spotlight

Virtual Financial A Home Business in Financial Services You are going to want to see this Video!

Virtual Financial Group


Premium Sponsor