3 things to look for in a solid Business Opportunity

July 10th, 2007 | 2 Comments |

There are literally thousands and thousands of ways to make a million bucks. Seriously, type in “business opportunity” in google search and you will see how many listings there are for that single keyword. A business opportunity is just as it says….it is an opportunity to do business. It is a way for you to make an income working for yourself. To own and operate your own business can and will open up a variety of possibilities to you. You will be able to enjoy the benefits of being self-employed and have the luxury of creating your own work schedule along with many other benefits. The list could go on.

It is easy to find a business opportunity. Everywhere you look there is a need. A business opportunity will arise if you can find a solution for the need or the lack of. Many a millioniare have been created by this one simple concept. Find a way to solve a significant problem in the world and you will find riches and success. Now, the real work is in finding a business opportunity that will provide you with 3 things: Income, the Time to enjoy it, Longevity. Those are the three key ingredients to any business.

So three things to look for in a solid business opportunity:

1. Income – This is simple, you want to make money in business. You are fooling yourself if you are starting a business just for fun. Take a look at the income you will generate. The biggest reason why businesses fail is due to undercapitolization. Without an income, your business will fail. You go into business to provide an income for you and your family. Make sure the compensation is worth the effort. Sales is the number one paid industry. Choose an industry that will provide huge profits.

2. Time Freedom – This is very important. As I have stated, there are a ton of business opportunities that will be successful, but there a very few that will allow you the time freedom to enjoy your income. Some go into business for the sole reason of making money. Time freedom is the last thing on their mind. What is more important to you, money or time? Time is obviously the most important thing. You can always get more money, but you can never get more time. The more you live your life, the more money you make. People will see your lifestyle and will be attracted to you and your enterprise!

3. Longevity – Choose an industry that will continue to grow and develop and is in high demand. Will the products be useful 10 years from now? Is there suffucient demand for the products and services the industry offers and can it evolve with the changing of times? Starting a business opportunity can be hard work. You will want it to be around for years to come. Get into an industry that is not stylish. Styles are in one minute and gone the next. Choose and industry with products that are constant and that retain their value for years to come. For example: Clothes are stylish while Personal Development is constant.

In your search for a business opportunity, remember, you can do anything you want to. All it takes is a decision to do so and the confidence to follow through with your decision. Successful people do the research and make decisions quickly. They very seldomly change their minds, but adjust. Procrastination is the enemy to success. It is so easy to stay with what is comfortable. The real key to success is to act. There is no such thing as doing nothing. You are moving forward or moving backwards. Your ability to decide to act depends on which way you are moving. Become an entrepreneur, it is the only way to create the lifestyle you desire!

 

David Allred is the author and creator of CFW. David has been teaching entrepreneur minded people how to earn a full time income working from the comfort of home for nearly a decade.

Think about it. Never miss your kids’ events, set your own schedule, choose your own income and enjoy a lifestyle and income which most people only drool over!

Be sure to connect with David Allred on Google+, Facebook and everywhere else!

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