Not all business opportunities are created equal; some business opportunities are more expensive to start than others… some are more highly regulated than others.
It is important for prospective business owners to identify legitimate business opportunities and explore work at home jobs, franchises and freelance work. A successful home business entrepreneur must learn what to be wary of and how to avoid fraud, while managing assets and encouraging growth.
Pros and Cons of Home Business Opportunities
According to extension business and economics specialist Jim McConnon, accessed from Business.gov, there are advantages and disadvantages associated with a home-based business
Buying a Business
According the U.S. Small Business Administration, there are both advantages and disadvantages associated with the process of buying a home business:
"Among the many favorable aspects to buying an existing business is the drastic reduction in startup costs. In addition, cash flow may be immediate because of existing inventory and receivables. One of the biggest downsides to buying a small business is the initial purchasing cost. As developing the business concept, customer base, brands, and other fundamental work has already been done, the costs of acquiring an existing business may be greater then starting a new business."
Pursue a Startup Opportunity
Rather than purchasing a pre-existing business or franchise, many home business entrepreneurs work in start-up capacities to turn creative ideas and innovative products into successful business ventures.
Perhaps unbeknownst to most, big business giants such as Apple Computers and Hershey chocolate began as home-based start-up businesses prior to achieving global success.
Recent Home Business News:
Recent news articles published about Home Business Opportunities:
Home Business Google Blog Search
Recent blog posts about Home Business:
Cambridge Business Academy Online offers resources and advice for entrepreneurs to make money online.