Thats the million $ question. Some folk know the type of business they want...others have to search around til they find the right one.
There are basically four areas
1. A business you create from scratch. For example you come up with a cookie recipe, grow it out of the home, handle all facets, eventually get space, etc.
2. Partner with a company (that already has a concept) as an independent agent...receive training/support...get commission and build a business within a business.i.e., direct sales, network marketing, insurance agents, real estate agent, mortgage broker, etc.
3. Franchises that you purchase where you have training and support, i.e. mcdonalds, subway, etc.
4. Get involed in business by investing in a business financially or by being a partner. i.e., buying stock in a company, forming a partnership where you are just an investor.
Honestly I would do an analysis of your interests and read as many books/magazines/net articles as you can. Most business people get involved in several things before they find out what they really like...so dont feel bad if you skip from idea to idea. Put yourself in a position to learn about different business and the right idea will come your way.
any examples...other than the car wash business you mentioned some months ago...that was a great concept by the way. </font>[/QUOTE]Originally posted by liL Ray:
</font><blockquote>quote:</font><hr />Originally posted by julian_kelly:
You may also want to save up a few hundred or a few thousand and start a part time business. You can accumulate money faster in the short term (1 year or less) and the money you generate from your business in the short term can help you buy more assets for the long term. peace
[ July 10, 2003, 03:48 PM: Message edited by: julian_kelly ]