Is The Business Idea Right For Me? |
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By: Nancy Quinlisk Posted: 2008-04-20 03:46:13 |
| New business seekers join the marketplace on a daily basis and the number of opportunities for those business seekers increases in like number. There are plenty of guides available to assess the financial viability of an existing venture and revenue-modeling assistance is available for new ventures. For some though, it is important to take a step away from the middle of these "trees" and look at the forest, or the whole of the business you are contemplating.In choosing a business idea that you can be passionate about, look for...- A proven system with a team emphasis, an inspiring network of entrepreneurs one that replicates easily and one in which you do not need to recruit family or friends. The system should be fresh, professional, and authentic. A stellar company will provide a system that is complete, and includes support. You have gifts and talents to share and it is important to bring them to the organization.- Strong leadership. Select leadership with care. Look for a mentor who teaches taking the higher road. A strong leader is a mentor who takes pride in creating an environment that enriches lives ' assisting others to "go as far as you can see and then you can see farther".- A solidly capitalized company with a "ground floor" like opportunity without the "ground floor" risk. An established company with an emerging market presence is far better than one saturated and tired or the new companies whose management may have a short-term plan for the company that could leave you without an income stream overnight. Solidly capitalized companies are important if you are going to depend on them for your income.- Systems that incorporate mega-trends in the industry provide hallmark opportunities and bridge generations. YouTube, MySpace, Orkut, FaceBook and others are enterprising social networking avenues. This enables many to choose from a broader marketing venue.The revenue-modeling and financial strategizing are important aspect that fuel the business income. Choosing a company with an exceptional product is fine, but spend most of your efforts discerning the value of the compensation plan. If you think this is not important or that they are "all alike", you have not looked far enough. The learning curve can be so steep it seems inverted with the revenue modeling and financial strategizing; however, you will be a better person for it. Go in with a "can do" attitude. In addition, look for a team-made-millionaire mantra with networking that inspires you.- A feeling of compatibility. Aligning value systems provides the assurance decisions and directions will follow best business practices. The law of attraction will certainly be at work in your life and the universe will meet you.Finally, as you consider an opportunity you can do a litmus test so to speak, asking yourself," If I go forward with this business, is any part of the process irreversible." Asses well your answer. If it is largely irreversible then you deserve to think carefully before entering. Conversely, if most of your actions could be reversed then it can give a sense of calm about making that green-light decision.Nancy Quinlisk, a financial strategist assists thousands on the horizon of retirement and young families who want something better for their lives to achieve success. She teaches to develop a solid plan and to replicate the business system, thus dispelling the common myths that sabotage wealth cycle development. http://www.powerof12online.com |
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