Destined4Change.com

Very few people ever got rich by working for someone else. Leaving aside pop musicians, sportsmen and similarly gifted people, the only way to acquire wealth by work is to build a business of your own. The type of business you decide upon will depend on: a) how much money you have available as start-up capital and working capital; b) your business idea; and c) your confidence level.

It is generally accepted that there are 3 types of business model: the traditional one where you ‘fly solo’, relying on your own efforts with little or no help from others. Second, there is the franchise route whereby you take someone else’s successful idea and follow a blueprint. Full training will be supplied by the franchisor. Lastly there is network marketing.

Each type of business has its advantages and disadvantages:

Traditional businesses have the greatest chance of failing in the first year of trading, consequently banks are less likely to lend you money until you have a proven track record (when you probably won’t need to borrow!); so you may need deep pockets if you are set on this route.

- Franchises have a high success rate. Banks like them because each franchise operation has a proven track record and thus the banks can accurately judge the risk, consequently they will lend money for this sort of start-up. However, all the support and training comes at a price: the initial entrance fee is likely to be very high, and a percentage of the business’s turnover has to be paid to the franchise company.

Our third type of business, network marketing, has many pros and few cons. You can start in your spare time and keep the income from your main employment. The secret is to persevere and get through the first year when earnings may be low. However, if you can keep at it your income should grow and in time most people are able to give up their ‘day job’ and run their business full time. Another advantage is that start up costs are usually much lower than in other business.

Which type of business suits you best will depend on your experience and the amount of money you have to invest in your dream. If you are just fed up working for others and want to see your rewards match your efforts, then the best options would probably be a franchise or network marketing. Which one will depend on your financial situation. A franchise will require to work a full day, so you will need some cash to pay your bills until the business is making enough money. You will also need some capital for the initial fee, premises, and maybe staff. If you do not have that sort of money then network marketing is the way to go. Start in your spare time and keep at it. So many people give up just before their business is ready to really take off. Set your self a target of say one year. By then your business should be starting to bring in some decent money and you will see the potential for further growth.

Whilst it may cost much less to start a network marketing business, that does not mean your potential income is less. On the contrary, your expenses will be much lower and there is no limit to the potential profit. To get an idea about the network marketing business opportunity I chose visit my website. You will find more information about network marketing, and you will also find details of the business opportunity.