Choosing a business model
Step 2:
-Home Based Business = more successful
than ever before to run business at home.
- Brick and mortar Business: go out and
buy/ rent location
-E-commerce: Sell and run your business,
just on line
-E-bay
-Franchise: If your good at executing,
just do what the franchise tells you to to make money.
-License your product: Invent a product
and sell the rights to use it.
-Multi-level Marketing: Get in Early
As I am very favorable to designing and building things my passion goes out to "licensing my product" form of business model. I don't have the understanding, nor the patience and ambition to mass produce and sell a product. I don't find any joy or excitement from it. Since it wouldn't be very fulfilling I would follow the path that's more suitable to my desires.
But as an automotive technician I find the gambler in myself open to the idea of a Franchise. Again I don't feel I have the ambition to open my own shop from scratch, but if someone could tell me what I needed to do and how to do it I could be successful. I am good at following instructions, and the biggest job would be to find a good location to start the franchise.
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