Is Business Ownership Part of Your Destiny
Is Business Ownership Part of Your Destiny
If you are considering starting a business:
- Do I have a good concept?
- Have I done enough research?
- Do I have enough money to support my business & myself until the business is profitable?
- Do I have the business knowledge and expertise to successfully run a company?
Many people jump into starting a business without taking the time to do proper research. Sometimes starting your own business can seem like a more affordable option. Often times you can start something on the side or from your home. But the challenges you will have to overcome are much larger. If you are starting an independent business, you will have no “models” to go by when it comes to management, marketing, advertising, public relations, etc. You must develop everything from scratch. For some people, this is a great option. For others, it may seem like a good idea in the beginning, but they will quickly realize that they do not have enough experience in all areas of business ownership to be successful.
If you are considering opening a new franchise:
- Have I thoroughly researched the franchise concept?
- Are other franchisees happy?
- Does the franchisor provide adequate training & support for its franchisees?
- Do I qualify financially?
- Do I have enough money to live on until the business is profitable?
When buying a franchise, you have several distinct advantages over starting a business. Sure, it will cost you more in the beginning, but your investment will surely pay off. You will have the advertising, marketing, management, and public relations expertise from your Franchisor. They will help you get the business up and running, and provide ongoing training and support. You are in business for yourself but not by yourself. Investing in a franchise can be a very wise option if researched properly and if you are prepared. Franchise ownership can also be an intelligent “first step” into business ownership because of the proven concept and assistance previously mentioned.
If you are considering buying an existing business:
- How much does the business depend on the current owner?
- Will customers stay under the new ownership?
- Is the business profitable?
- Do I qualify financially?
- Do I have the skills to operate the business effectively?
Buying an existing business, whether it is an independent business or an existing franchise, can be a wise decision. You will start with a current business system and employees in place. You will already have a customer base. The seller will also train you for a while and show you how to run the business. By adding your own transferable skills and expertise, you can take the business to the next level. As you continue to build this asset, you will increase your asset portfolio, you can step back when the time is right by adding a manager or passing the baton to a family member; and/or sell your company to increase your equity for retirement.
The thought of entrepreneurship is enticing and can be extremely rewarding if carefully researched and planned. Your success hinges on finding the right fit for you.
Is Business Ownership Part of Your Destiny - To learn more about this author, visit David Barr's Website.
Like this article? Share it with your friends
For many, the thought of business ownership is very appealing. Business ownership is a way to control your own destiny, be your own boss, and ultimately build yourself a strong financial asset. There are different ways to embark on your business ownership journey. Should you start a new business, start a new franchise, or buy an existing business? Consider the following to help you make your decision.
If you are considering starting a business:
- Do I have a good concept?
- Have I done enough research?
- Do I have enough money to support my business & myself until the business is profitable?
- Do I have the business knowledge and expertise to successfully run a company?
Many people jump into starting a business without taking the time to do proper research. Sometimes starting your own business can seem like a more affordable option. Often times you can start something on the side or from your home. But the challenges you will have to overcome are much larger. If you are starting an independent business, you will have no “models” to go by when it comes to management, marketing, advertising, public relations, etc. You must develop everything from scratch. For some people, this is a great option. For others, it may seem like a good idea in the beginning, but they will quickly realize that they do not have enough experience in all areas of business ownership to be successful.
If you are considering opening a new franchise:
- Have I thoroughly researched the franchise concept?
- Are other franchisees happy?
- Does the franchisor provide adequate training & support for its franchisees?
- Do I qualify financially?
- Do I have enough money to live on until the business is profitable?
When buying a franchise, you have several distinct advantages over starting a business. Sure, it will cost you more in the beginning, but your investment will surely pay off. You will have the advertising, marketing, management, and public relations expertise from your Franchisor. They will help you get the business up and running, and provide ongoing training and support. You are in business for yourself but not by yourself. Investing in a franchise can be a very wise option if researched properly and if you are prepared. Franchise ownership can also be an intelligent “first step” into business ownership because of the proven concept and assistance previously mentioned.
If you are considering buying an existing business:
- How much does the business depend on the current owner?
- Will customers stay under the new ownership?
- Is the business profitable?
- Do I qualify financially?
- Do I have the skills to operate the business effectively?
Buying an existing business, whether it is an independent business or an existing franchise, can be a wise decision. You will start with a current business system and employees in place. You will already have a customer base. The seller will also train you for a while and show you how to run the business. By adding your own transferable skills and expertise, you can take the business to the next level. As you continue to build this asset, you will increase your asset portfolio, you can step back when the time is right by adding a manager or passing the baton to a family member; and/or sell your company to increase your equity for retirement.
The thought of entrepreneurship is enticing and can be extremely rewarding if carefully researched and planned. Your success hinges on finding the right fit for you.
Is Business Ownership Part of Your Destiny - To learn more about this author, visit David Barr's Website.
Like this article? Share it with your friends
| |||
 |
No article feedback found. | ||
|
Leave Your Feedback | ||
|
|||
 Can You Change Your Destiny?
| |||
| Anyone can make great strides towards advancing in the direction of their destiny – but it takes a definite shift in attitude, a definite shift in action, and a bit of courage… |
|||
|
Choose a Structure
| |||
| Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succ... |
|||
|
Business Ownership The American Dream
| |||
| What is it that attracts more and more people to become business owners? What happens to bring that Entrepreneurial spirit to the forefront?
Not only do Entrepreneurs embody the American Dream, they drive our eco... |
|||
|
What is Your Destiny?
| |||
| Maybe you (secretly) know what your true destiny is, but have gotten to a point where that spark of a vision has almost been extinguished. Maybe you have tried “everything” and feel that your “destiny” is one of med... |
|||
|
'Purposeful Change': The Way Forward
| |||
| Change happens all around us, but we're not 'victims' of change. We have a critical part to play in seeing that change moves us in a positive direction. That's what 'purposeful change' is all about: getting involved... |
|||
| |||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. - Visit Jeff Foster's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Bernard ReberBack in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website |
|||
Dr. John OdaJohn Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
|||
Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
 David Barr (Visit David's Website) David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealm aker.com.
|  |
 |
|
|
 |
|
|
|
Referred by: http://www.franchiseopportunityspecialist.com
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
 |
 | ||
 |
||
 |
||
 |
||
|
| ||
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 |
 NichePreneur Mindset Solving Problems Website Planning Making It Happen Million $ Interview |
|
 | ||
 |
Top Social Business Blogs
Top Social Entrepreneur Blogs | |
 |
Guide To ERP Software
Business Management Software | |
| ||
 |
|
|
|
|
||||||||||||||||||
 |
|
|
||||||||||||
