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Business Test |
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Does
the business have a proven track record (over 10
years)?
In any venture it is always advisable to seek a
business that has a proven track record. You need
to know that they business works and works well. |
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Is
it in a growth industry?
Only get involved in businesses that have a
future. E.g. there would be little point running a
business in vinyl records when people buy CDs and
cassette tapes. You need to know that it your
business have a future market and there will be
ongoing demand in the foreseeable future. |
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Does
the business excite you?
If the business doesn't excite or interest you,
forget it. You need to find a business that you
are enthusiastic about. |
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Does
the business offer residual income as opposed to
temporary income?
Any business that operates on one-off sales
doesn't offer long term wealth. In fact, a one-off
sale is not a business, it is a promotion. Your
business needs to offer ongoing sales. |
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Does
the business offer a solid, debt-free foundation?
Your business should start from a solid, debt-free
foundation & the organisation that supports
your products and services should also be
debt-free. You need to ensure that the Company you
work with is not prey to variations in the stock
market. |
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Does
the business offer an experienced support network?
the chances of success are greatly enhanced when
you have access to an experienced network of
support. there will be times when you will need
free training and advice from people who have
succeeded in the business. |
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Is
it a low risk or 'no' risk start up?
Most business opportunities come with risk.
Nothing in life is guaranteed. But, any risk on
your part needs to be measured. What would you be
willing to invest for the opportunity to earn
£10,000 a month? Would you be willing to pay
£1,000? If the business worked, that price would
be cheap. But, you're taking a risk, and quite a
high risk. Now, if the business came with little
risk, say £25, that would be different wouldn't
it? And, what if there was NO risk at all? Could
you turn the opportunity down?
To find out more
how you can get more from life, click
here |
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