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?
Denne historien er fra April/May 2021-utgaven av Your Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April/May 2021-utgaven av Your Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
61% of South African SMMEs Planning For Growth
Mastercard SME Index
Selecting A Collections Partner
Key considerations and insights...
Recipe For Success
Key ingredients for a successful partnership between e-tailers and their software developers.
Our Success. Your Success.
The need for business training to improve bottom-line results in businesses across the country has never been greater.
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?
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.
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.
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.
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.
Riches And Beyond
Empowering the next generation of entrepreneurs
