An Affordable Start
Your Business|April/May 2021
Low-cost franchise and business opportunities open avenues for entrepreneurs...
An Affordable Start

Always dreamed of having your own business, but lacked the capital to take the plunge? The good news is that there are several low-cost opportunities out there to get entrepreneurs invested, trained and set up.

Investing in a business should never be a decision that is taken lightly, whether the start-up cost is big or small. A value-for-money franchise or business opportunity may feel like a less risky investment or one that won’t require hard work, but the reality can be very different.

Most successful business owners are those who realise from the outset that running a business is tough and that they need to be motivated, involved and organised. The success of their business will to a large extent be directly proportional to the effort they put in.

Choose your opportunity with care - ask the right questions

Whether the prospective business opportunity you’re interested in is home-based, a distributorship, a licensee opportunity, a franchise or any other small business venture, there are four very important questions you must ask to ensure you choose just the right one for you:

1. What’s their track record?

How long has the company been in business? What is their reputation? Are they individuals with integrity who have the necessary experience to be of benefit to you and/or train you? Will they provide referrals?

It’s never a bad idea to have an accountant, attorney or some other trusted advisor delve into some of their financial information before you invest.

2. What knowledge, skills and abilities do you have?

この記事は Your Business の April/May 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Your Business の April/May 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

YOUR BUSINESSのその他の記事すべて表示
61% of South African SMMEs Planning For Growth
Your Business

61% of South African SMMEs Planning For Growth

Mastercard SME Index

time-read
2 分  |
August/September 2021
Your Business

Selecting A Collections Partner

Key considerations and insights...

time-read
3 分  |
August/September 2021
Recipe For Success
Your Business

Recipe For Success

Key ingredients for a successful partnership between e-tailers and their software developers.

time-read
3 分  |
August/September 2021
Our Success. Your Success.
Your Business

Our Success. Your Success.

The need for business training to improve bottom-line results in businesses across the country has never been greater.

time-read
6 分  |
August/September 2021
How Small Businesses Improve Revenues In Tough Times
Your Business

How Small Businesses Improve Revenues In Tough Times

While many small businesses were able to adapt to lockdown in the short term, new challenges emerged when it came to returning to physical workplaces. Modern workforces, for example, are fragmented, while exposures, health and safety concerns frequently disrupt operations. How do we cope with these and many other related difficulties?

time-read
2 分  |
August/September 2021
Making An Impact
Your Business

Making An Impact

Every year in August we take the time to celebrate women and reflect on the tremendous efforts they make to shape our society.

time-read
8 分  |
August/September 2021
The Hidden Value Of Outsourced IT Resources
Your Business

The Hidden Value Of Outsourced IT Resources

The IT needs of today's businesses are constantly evolving, making outsourcing a very attractive option that can offer a number of compelling benefits for businesses, small or large.

time-read
4 分  |
August/September 2021
Networking At Virtual Events
Your Business

Networking At Virtual Events

Just because you can't shake hands and pass around business cards, doesn't mean you can't network at a digital event.

time-read
5 分  |
August/September 2021
7 Questions To Ask A Prospective Digital Media Partner
Your Business

7 Questions To Ask A Prospective Digital Media Partner

If you are looking to outsource your digital marketing function to an agency, here are some question to ask before signing on the dotted line.

time-read
4 分  |
August/September 2021
Riches And Beyond
Your Business

Riches And Beyond

Empowering the next generation of entrepreneurs

time-read
6 分  |
June/July 2021