Business Opportunities – How to Select Wisely

How to Select Wisely

Consider Carefully
Consider Carefully

When you come across a business opportunity, how can you decide if it is a serious proposition or just a scam to get you to part with your money? There are many things to consider when confronted with any business opportunity, no matter how good it sounds or how genuine it might be. Before you start delving into the fine detail you should make a list of criteria that is personal to your requirements.

If the business opportunity offered does not measure up, don’t waste any more time on it. The questions you ask yourself will be very personal to your own requirements but here are some suggestions:

Questions to Ask Yourself

o Does it satisfy my heart’s desire? This is more important than it may seem. All opportunities have times of difficulty. During one of those times, if you can say that this is what you really want to do, it will give you the extra boost you need to push through the problem.

o Do I have the necessary skills? If not, can you afford the time, energy and finances to train?

o Do I have the resources? All business opportunities require a level of investment, at least in time, money and commitment. Do you have what it takes?

o Is there a market? You can use the Internet to see if your business opportunity offers something that is being searched for frequently.

o How profitable will it be? Are the margins high and the marketing costs low enough to make the venture profitable?

Consider Your Answers Carefully

Consider your answers carefully. Understandably, anyone offering you a business opportunity will want your decision quite urgently but if they are not prepared to give you an adequate decision deadline you have to ask yourself one final question:

o Is it a serious business opportunity at all?

Des Vadgama is a leading expert on fast business growth and boosting profits by 50% or more.

So remember before you dive into a new business, consider asking yourself and considering the answers carefully if the business is really for you and have you considered wisely in your selections process.

Author: Des Vadgama