Buying a Franchise or Business Opportunity

So your tired of your 9-5 and feel like it's time to invest in your own business, there are thousands of opportunities to choose from, thousands of advertisers promoting their "proven systems" online. So where do you start? What do you look for and what do you avoid?

These 5 simple steps can help you narrow down the business that is right for you;

1) Find something that you can enjoy and be passionate about.

2) Find a product you can stand behind.

3) Find a company that stands behind the product you will be promoting.

4) Find an opportunity that you can visualize yourself making money in.

5) Determine the potential of the opportunity and see if its right for you.

So after you have narrowed down what business you want to invest your hard earned money, no you need to make sure you are investing in a legitimate opportunity. There are numerous fly by night scammers out there that want nothing more then to take your last dollar and never look back.

Follow the 5 Steps bellow to make sure you are getting involved in a legitimate opportunity.

1) Request a complete disclosure document from the company. Business opporunities are required to provide you with a complete disclosure document that gives information on the companies officers, financial stability and other important information. Franchisors are required to give an even more comprehensive disclosure document called the FDD. This document gives information on the franchisors, history, officers and directors, training, financials and much more. This is a must before investing in any opportunity.

2) Check out affiliations and publications on the opportunity you are interested in. The international franchise association (IFA) is a good source for franchisors and franchisees. The better business bureau lets uers give experience about the opportunity. Check and see if the opportunity has unresolved complaints.The Revive Energy Mints Scam and Rip Off Alert Blog shares information and tips on buying franchises and business opportunities.

3) Make sure the company provides proper training and support. This is important for your success.

4) Talk to existing business owners and ask about their experience.

5) Do your own due dilligance and see what you can find about the opportunity you are looking at.

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