When looking for a small business opportunity or large one for that matter, it is important, and not just important, rather, it is imperative that you consider these 4 cardinal rules to give yourself the best chance for success.
The Cardinal Rules for success are:
A huge and expanding market.
A consumable product or service that is unique and replenishable.
You need to be able to duplicate your efforts.
Low cost of entry and unlimited profit potential.
You need a huge and expanding market.
Baby Boomers have provided a huge and expanding market during every phase of their development.
As kids, companies that involved themselves in the production of goods and services for the baby market, whether it was baby foods, diapers or other like products, prospered.
As Baby Boomers got older and needed homes, the housing market boomed.
Today, Baby boomers don’t consider themselves old in the traditional way but are concerned about their mortality.
They want to live longer healthier lives and are now turning to natural health care.
As a result, a huge and expanding market is the natural health care industry. That is an industry with an exceptional small business opportunity.
On the other hand, take a look at a shrinking market, long distance telecommunications.
If you look at the telecommunications industry in recent years, you would have realized that long distance calling was seriously negatively affected by the internet and the long distance telephone market was rapidly shrinking.
That’s not a good small business opportunity!
Even the one time giant of the telecommunications industry, AT&T, faltered. Also, aspiring greats like World Com and Quest Communication were accused of inappropriate if not downright fraudulent tactics to make their numbers look good to shareholders.
As you may know, World Com went into bankruptcy and Quest fell out of favor and in each case the CEO has been either ridiculed or more seriously, been brought up on criminal charges.
The illustrations above are good examples why it is important to be in an expanding market and not a shrinking one.
When looking for a small business opportunity, look for a product or service that's unique, consumable and needs to be replenished, preferably monthly, i.e, allows you to do the same thing over and over again.
You take an order once and you get paid for that and all subsequent automatic replenishment even though you are doing no more work in the replenishment.
Another rule to consider when you look at a small business opportunity is to look at one that allows for a duplication of your efforts, or better yet, multiplying your efforts through a leverage system that duplicates.
In this age of technological advancement, when you consider even a home based small business opportunity, you need a system where duplication of your efforts can be automated.
When looking for a small business opportunity, choose an industry with a low cost of entry and maintenance but with an unlimited potential for profit.
Once you have chosen a product that is unique, consumable, requires replenishment and is in an expanding market, you must then:
Devise your game plan.
Write out what you want to achieve and when. This step is extremely important. Do not by-pass it.
Then carefully write out the steps needed to get there. Then have the self discipline to follow your game plan.
Your game plan is more formally called your Business Plan and your Marketing Plan.
If you want an easy step by step guide in writing your game plan, you can purchase a CD that walks you through writing a business plan. The One Page Business Plan may be what you need.
Exercise good money management.
Even when there is a good small business opportunity, most small businesses, as much as 80%, fail within the first year.
Many fail from money problems, many from too much debt, most from a lack of planning.
Have patience. Sometimes market conditions may influence some outcomes.
We can’t control market conditions but we can control our own efforts.
Do the best you can and usually you’ll
find that your best effort is good enough.
What ever you do, you must start today. There is a high cost of procrastination.
Once you have sufficiently analyzed and satisfied yourself as to the feasibility of your small business opportunity, then do not suffer from the disease of
“ANALYSIS PARALYSIS”.
GO AHEAD AND JUST DO IT!!
His book is a great lesson when looking at a small business opportunity and the different ways money is earned.
In the book he describes a cash flow quadrant which describes the four ways in which money is earned.
The illustration below explains it.
CASH FLOW QUADRANT: THE FOUR WAYS TO EARN INCOME
1) Employee (working for some one else)
Has a job.
Income based on position,
not the person.
Employer can fire you.
Because employer determines how much you earn, he/she determines where you can live or vacation.
3) Business(system working for you)
Owns a system.
Has others working for him/her.
Gets a percentage of other people’s efforts.
Unlimited income potential
via
manufacturing, marketing, etc.
2) Self-Employed (you working for yourself)
Owns a job: e.g, Dentist, doctor, lawyer, hair stylist, real estate agent, sales person.
In the event of illness or disability your income ceases because your income depends solely on your own efforts.
4) Investor (money working for you)
Has money working for him/her.
Enjoys complete freedom and
lives the dream.
This is the ultimate goal.
Money works day and night ceaselessly.
The side of the quadrant a person resides is usually a measure of how successful he or she is.
Which side of the quadrant would you like to be? If you choose the right side, it’s clear that you are a high achiever and would seek a better quality of life.
BUT THERE MAY BE SOMETHING KEEPING YOU BACK! DO YOU HAVE PROBLEMS MAKING ENDS MEET?
Then you may be faced with the dilemma with having to:
Give up your goals and dreams or lower your expectations.
or
Make more money
get a significant pay raise or
do something in addition to or instead of your current career.
If you are faced with such wrenching decisions and need to improve your financial situation and get on the road to financial independence, is there any reason why you wouldn’t take advantage of an outstanding small business opportunity to help yourself and your family and friends?
Let me introduce you to a great small business opportunity with Symmetry Corporation.
You can listen to Symmetry’s founder, Rudy’s Revak, in his own voice explain the business opportunity by going here, then clicking on “opportunity” then “Auto Play”. (Make sure your speaker is turned up.)
Symmetry Corporation meets all the criteria set out in the cardinal rules above when looking at a small business opportunity.
It meets this criteria because it:
Is in a huge and expanding market: the natural health care industry.
Has products that are unique, consumable and needs to be replenished.
Offers a small business opportunity that allows for a duplication of your efforts.
Has a low cost of entry and maintenance and an unlimited potential for profit.
DO NOT PROCRASTINATE. LETS GET STARTED!!!!
START PART TIME WHILE KEEPING YOUR CURRENT JOB
START OFF IMMEDIATELY BUILDING YOUR LEGACY
Marketing rep. $149.00 Start building a team (click on the link above, then “opportunity” then “Auto Play”. Make sure your speaker is turned up. )
Marketing Manager: $449. 00 Start building a system. (click on the link above, then “opportunity” then “Auto Play”.)
Once you have a viable system, you can move to the final quadrant , Investor ,
where your money works for you but , obviously, you must first have money to invest.
Only then can you move to make your money work for you by investing in instruments like real estate or the financial markets.
SUCCESS DEPENDS ON YOU!
You must have the commitment and desire to succeed.
If you want to know more about the small business opportunity with Symmetry Corporation,
click here.
If you hunger for higher achievement, read as much as you can books about positive thinking and attitudes: Words and thoughts make you rich or poor.
A good book about the power of words and thoughts is "The Game Of Life" by Florence Scovel Shinn.
We highly recommend it.
Recommended Reading:
< Rich Dad Poor Dad by Robert T. Kiyisaki .
"The Game Of Life" by Florence Scovel Shinn. >>
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THERE ARE SO MUCH MORE!!! FOR MORE INFORMATION ON OUR FANTASTIC SMALL BUSINESS OPPORTUNITY, CLICK HERE, THEN CLICK ON “OPPORTUNITY”. (Make sure your speaker is turned up.)
If you have any questions about a small business opportunity or comments of any kind, please drop us a line.