ForumsStarting a Business

Wanted to start New Business, Welcome Tell me more.

What is your background?? Are you working NOW??
Have you developed a Business and marketing Plan??

Do you know about SCORE??

Talk to me, Good luck, LUCKIEST

I am a BTech and having 8 years of IT experience in various skills like MCSE,CCNA,SOLARIS,LINUX,SAP BASIS & Netweaver. Yesterday i spoke to one of my colleague who is a US citizen and he want to contribute 20k more to start business with total amount of $30,000. so please give us what business will be suit for us to start good business so that it should go in long run.

Thanks and Kind Regards
Ravikumar

Hi. I would agree with prior posts to be careful with the suggestions given to you. There are many people who would see the 10K and want to offer you advice based on that and not necessarily your best interest.

When you indicate you want to start a new business, that seems to indicate you have had a business before. Is this true? Do you have experience with a home based business?

There are many different types of businesses you can start from the brick and mortar to home based businesses. There are also many different industries. What are your skillsets? Do you like to talk to people? Are you seeking something more passive? Are you familiar with internet marketing? Do you want a business with residual income?

I would advise not getting involved with something that is a start up. There are many who would disagree with me because they feel that you're able to make more money with a start up but I can tell you from experience that most start ups do not deliver on what they originally promise and they're not stable.

I would also make sure that any business you get involved with has credibility and does not have negativity surrounding it. When you search on the internet, do your due diligience. Many people will say certain things to have you join their business but if you do the research, you'll find the facts that will either support what they are saying or negate it.

Also make sure that the business you get involved with is not just based on recruiting. Your income in a distributor based model will be based on whether other affiliaites stay in the business. That's not a stable model. You want a business based on customers.

I have a business that is based on customers and the company does the follow up. I can see if it's a right fit for you but I would advise that you really think about what you are looking for and what your expectations are before making a commitment to anyone's business.

Wishing you much success!

Kathy

Katherine Smith
www.besthomebasedbusinessforyou.com