How to Find the Business That's Right for You Ready to dive in the entrepreneurial pool but unsure which direction to go? Follow these steps to help you decide what kind of business is for you.
By Marty Nemko
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One of the scarier moments in an entrepreneur's life occurswhen he or she chooses what business to go into. It can feel likeLet's Make a Deal: "If I choose Door #1, it couldbe a fabulous fortune or a pile of dung, and until the curtain ispulled, there's no telling which."
Fortunately, choosing a business doesn't have to be thatrandom. Here's a three-step plan for avoiding the dung pilesand finding a good business that's right for you.Because when choosing a business, one size definitely doesn'tfit all.
Step One: Answer These Questions
1.Would you pay $10,000 to$100,000-plus to have the business specifics laid out for you,cookie-cutter style? If so, consider purchasing afranchise. Check out Entrepreneur magazine's Franchise 500 listing for moreinformation on the top 500 franchises as ranked byEntrepreneur. Just be sure that before signing on the dottedline, you've thoroughly investigated the opportunity, talkedwith at least a half dozen franchisees who were not handpicked bythe franchisor, and understand that you'll be subject to therules and regulations of the franchise for the life of thebusiness.
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