Monday, August 11, 2008

The ABCs 15 Power Points of an Ideal Business

The new revised and updated "ABCs of Making Money" was issued in August 2008. The authors have been asked by would be entrepreneurs for guidance in selecting the best business opportunities. With such a wide array available, they developed 15 points to consider when assessing the potential of a business idea.

” Ideally your business should …

  1. sell to the masses
  2. fulfill a fundamental need for many people
  3. be low risk
  4. provide the opportunity for ongoing residua;ll income
  5. require a low staff component
  6. have a stable, growing, long-term demand
  7. have low overhead costs
  8. have low start-up costs
  9. have a unique quality, making it difficult for competitors to copy
  10. have positive cash flow and low inventory
  11. have high profit margins and rats of return
  12. have minimal government regulation
  13. be portable
  14. be fun, challenging and satisfying for the business owner
  15. provide an opportunity to uncover other money making opportunities.”

The authors Dr. Denis Cauvier and Alan Lysaught went on to discuss Direct Marketing and its history in business but you need to evaluate each business for its itegrity and worthiness. “Not surprisingly, over 90% of Direct Marketing companies go out of business within 2 years. Our advice, stay away from those opportunities, regardless of their wealth promises.”

They evaluated thousands of businesses and found only two (2) that met all of the 15 points: primerica Financial and YTB (Your Travel Biz).

“While we were analyzing YTB, we were impressed by the transparent and honest nature od asenior management, as well as the substantial investments they are making in key infrastructure elements that will insure that they can cope with their expected growth.”

Powerful words from a team of researchers who have spent years putting together these points and building a common sense approach to evalusting a business opportunity. Go to http://www.abcsofmakingmoney.com/abcsofmakingmoney-home.html for more information.

Go to www.DalyTravelTeam.biz to learn more about YTB and their programs.

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