Top Trending: 10 YouTube Channels Every Entrepreneur Should Follow

Proceed With Caution

When should you be wary of licensed business opportunities?
  • ---Shares

There are hundreds of variations of business opportunity contracts; consequently, not all the negative points mentioned will apply to every situation.

Under ideal conditions, business opportunities are a good, low-investment way to get into business with minimum risk and a good chance for success. But nothing in this world is perfect, so here are some problems you might run into:

  • Exclusivity clauses: A business opportunity might require that you not distribute products made by any other companies, which can reduce your potential income.
  • Parent company bankruptcy: You might build up a good distribution business, only to have your supplier go out of business.

Excerpted from Starting a Home-based Business

Next Article:
Sleep In and Make Millions: Why You Don'...
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.