Decisions Decisions Decisions!!
There are so many business and financial opportunities out there these days, what is one to do! How does one decide what they should do? Do I invest my money at risk? Do I do my next start up? These are some serious questions you need to consider before you jump into anything.
Let’s look at investments first. No I am no broker or self-guided guru, like most people out there, so I rely on the experience and guidance of others. This method has its pro’s and con’s. With brokerage firms you are guided by their alleged experience and expertise. Hopefully they have a long running track record of successful gains for their clients. But past performance is no guarantee of future gains, and those returns have to be high enough to stay profitable after commissions and capital gains on the principle. But even with the best companies that can be difficult.
So investing can be good if you have the right firm or opportunity and enough money to put in that you can afford to risk loses or heaven forbid you lose the whole shot on a high risk high yield deal. Because of those reasons I tend to say out of investments. This can seem good to people but when the negative happens it can be devastating to people. And loses can be devastating, trust me.
So with that being said, and tried, I tend to prefer something that I can have some control in. Business opportunities. With business opportunities they are very vast in scope and cost. I have done several over the years. I have done a few business startups from scratch. These were mostly I the construction industry and it is very hard to build up something big enough that you can sell or have be something that you take a back seat to and have a secure retirement from. With that realized I got into a bricks and mortar style of business, started that from scratch, built it up to something and sold it at a profit.
I took those profits and looked at a typical franchise set up. That was kind of fun, they have their benefits but they also have their down sides. The benefits are you are branded by the parent corporation and you can usually get better purchasing power via the association. The down side you not free to direct your business at your leisure you must follow the corporate structure. It is difficult to be flexible to local business environs and market situations as corporate has to consider all franchisees regardless of location and everything must be even across the board. The plus side is a structured success formula that should work for most people, the down side is the typical pricey upfront set up costs. I was able to afford that and it was fun and profitable and I still enjoy an income stream from it as I was in the position to finance the sale of it for the new purchaser. And a foot note on that is hopefully that does not come back to bite me, as nothing is for certain.
So now I look at stuff that does not require a heavy up front cost. I like stuff that can help more people get into a positive financial situation. I like that with these type of business opportunities you are not corralled by franchise marketing and operational/territorial regulations. You can be creative in your marketing and acquisition of customers and/or partners. The only rules are that you follow ethical business practices and do not mislead people you are talking to. These opportunities tend to follow the honesty is the best policy and the do unto others as you would have them do unto you principles which sit just fine with me. I can get behind an industry that is built with those guidelines.
If you are looking to build and ethical profitable business and are not scared of a little hard work I would be happy to work with you to achieve all that you can possible achieve. I offer a no pressure opportunity for you to fully consider the ins and outs of what I do. I am here to answer all of your questions and if you decide to join me I am here to help you in any way I can be as successful as you desire.
Have an amazing day!