Thursday, April 09, 2009

Start your own business

Today on the news, I heard them say that if you are unemployed or having a hard time finding work then now might be the right time to start your business. There are tons of businesses that you could do from the simple lawn care business to your very own coffee shop franchise.

So how do you know what is the right path for you? One option might be to decide how much working capital you have. If you are working with a negative to low cash flow, you might be best suited for something that wouldn't require many startup costs like a Personal Shopper, Wedding Planner, or Lawn Care Specialist. Another option would be to work with a franchise consultant to help you determine if that is the right route for you. They will lead you through a development qualification process that will figure out 3 franchise opportunities that might be right for you.

I was reading in the newspaper today that a local wine bar was in the process of franchising their business so that they could take it nationwide. There are so many opportunities out there just like that and they might be a viable option if you have the money to get started.

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