The Right Small Business Opportunity For You

by Jim Bicardi

Are you actively looking for the perfect small business opportunity? If so, there are a number of factors you need to take into consideration before taking the plunge and becoming your own boss.

Below, we've compiled a list of some of the most critical elements when choosing the right small business opportunity for you:

Time Commitment

First, you'll want to choose a small business opportunity that fits the time commitment you can spend on it. If you can only devote a few hours per week, you'll want to stick with a small business opportunity that requires very little thought and upkeep. Something more complex won't just drive you crazy; it'll also lead to failure and a bad experience.

On the other hand, if you are looking for a small business opportunity to take up 15 or more hours per week, you can invest in something a little bit bigger and that takes more of your energy.

Investment Amount

How much money are you willing to spend on a small business opportunity? You must know this fact upfront (and don't fudge on the numbers); otherwise, you could wind up taking on an enterprise that you cannot hope to profit from.

Before you sign any contracts (if you're working as a franchisee or partial owner), make sure you understand what kind of financial commitment you're expected to contribute. That way, you won't be shocked in the future or need to suddenly take out a loan or beg money from a relative.

Product or Service

The most successful entrepreneurs work around items for which they have a passion. Therefore, find a product or service that absolutely delights you. Then, you can seek out a small business opportunity that's part of that product or service line.

For instance, if you're into antiques, the best small business opportunity for someone with your personality might just be purchasing and reselling valuable "treasures" (that were others trash!) via online or even live auctions. You'll have the enthusiasm to stick with your project, and your small business will inevitably grow because you'll be devoted to it inside and out.

Family Support

Without the support of your friends and family, it will be tough for you to succeed in any small business opportunity, especially one that requires a great deal of energy and time. Thus, be open and honest with those around you when seriously considering investing your time and money into running a small business opportunity.

Before embarking on a career as an entrepreneur, be certain that the people closest to you will help make your dreams of small business ownership come true. If they aren't on the same page, you may constantly be divided between trying to keep your enterprise afloat and trying to satisfy your circle of loved ones.

Small Business Opportunities: Are They Worth Your Time?

by Dustin Cannon

From time to time, we all encounter small business opportunities that don't seem to have much promise. Many of us, after all, prefer the "big" opportunities, such as investing hot stocks, or in oil exploration, or in an expanding mall. There is much prestige and glamour to be found when it comes to the "big" business opportunities, which promise quick and easy riches. Contrast this with the non-glamorous, plodding world of small business opportunities, and you will begin to understand why most people prefer to steer clear of small business opportunities.

Yet, it might be good for us to remember something really basic - all businesses, no matter how large and prestigious they are now, had to start small. Microsoft, for instance, began its corporate life as a small start-up in Bill Gate's garage. This multibillion dollar corporation, which produces software products that billions of people around the world use, was little more than a small business opportunity in the minds of two teenagers when it first began. Today, it is an enterprise that almost everyone is familiar with, and which continues to make billions in dollars in profits year in and year out.

Similarly, a company as famous as Coca-Cola started as a simple recipe in the mind of a simple country doctor. The doctor, having created the recipe, decided that it was a small business opportunity that did not have much of a future. He sold the formula to a drug clerk named Asa Candler - who then went on to build a massive economic enterprise out of that same formula. Today, more a hundred years later, Coca-Cola is arguably the world's most valuable brand name - a testament to the fact that even a small business opportunity can proceed to create untold riches for the person who takes advantage of it.

Small Business Opportunities Are Not To Be Sneered At

You may not become the next Bill Gates, but nevertheless, there is much advantage to be gained by jumping on the next small business opportunity that comes your way - provided that it is fundamentally sound. As we've mentioned before, most people think of small business opportunities as being too banal, boring, and unexciting. However, some people also find small business opportunities as being risky. After all, how can such a small venture support you? What these people fail to take into account is that the venture will eventually grow, and that what it is now is not as important as what it can become.

As many financial writers have began saying in recent years, you cannot really become financially independent by simply holding down a job. No matter how good you become at your work, you can still be fired, or the company can go bankrupt, etc. The fact remains that the best way to become financially independent is to have your own business - and taking advantage of small business opportunities is how you get started.

Finding The Best Small Business Opportunity

by Tobias Smith

Many people turn to the internet and other online sources to find the best small business opportunity for them. In life, it is often important to be happy in everything you do, and a lot of people simply aren't happy working for anyone but themselves. They are always searching for things that they can do better, and they are always looking for other ways to be happy with how they make their money and what they do for a living.

If you are one of the people who simply isn't happy in your current situation, and you are looking for the best small business opportunity, there are several ways that you can go about this search in a way that is guaranteed to get results.

First of all, take a good look at the things that you are currently doing and make a list of what you enjoy about these things. Is it the people that you work with, or the actual thing that you are doing? What are you good at and what do you enjoy? There is that age old question that you can think of, if you had a million dollars and you didn't have to work, what would you be doing for fun? Chances are good that you can find something in that answer that will tell you what the best small business opportunity is.

This is because the best small business opportunity is not the same for everyone. In fact, the best small business opportunity is one that is exactly tailored to fit your needs and to fit what makes you the most happy. That in mind, the first step to finding yours is to figure out what it is that you do that makes you happy.

Then, you have to look for good small business ideas online and in other places. While you are doing this, always keep in mind that you should be researching people and places that appear to be the best small business opportunity ideas and making sure that these things also match your goals and your aspirations. You want to be sure that you aren't getting ripped off or taken advantage of, so do your best to research every person and business that you come in contact with to make sure that they aren't going to try to take your money.

One of the most important things about starting up a small business is having a business plan that will outline where and how you are going to make your money, and will give you an idea of what you need in order to get to the point where you are successful. So, you are always going to have to have a business plan to make sure that you'll be able to follow through.