Think about this for a moment.

Who makes more money - you or your boss?
Who has more free time - you or your boss?

Don't get me wrong, many bosses do work hard, often too many hours. But generally if you aren't the owner, you are working to make money for someone else.

In order to achieve time and financial freedom, you need to own a business, not be self employed. Being self employed, you only make money during the hours you work, which means you may make a good income, but you may also lose time freedom.

On the other hand, a business owner makes additional money from the work of others. That's what sets a business owner apart from a self employed person. It is possible to start a business, where you don't have any employees, yet gain an income from others, even while you are not working. That is called time leverage.

This article was written to help you find a business that suits your personality, your budget and the time you have available to devote to the start up phase.

Finding the Right Business.

When a person becomes interested in starting either a part time or full time business, one would think that it would be easy to select one and just go for it.

After all, if you do a Google search for a home based business or internet business, it will show literally 100's of thousands of choices.

By knowing a few simple rules of choice, one can eliminate all but a hundred or so. Still a big number, but much more manageable.

So where is the best place to start?

In the past when I have helped people to get started, I suggested two things.

1. Don't be in a hurry to make a selection.
2. Start by looking inward at yourself.       

Here are a few questions you may want to ask yourself.

1. Why am I doing this?

Is it only because I don't have a job and I would go back to working for others if I had a chance. If that's the case you don't have a business mind set and it will be difficult to succeed.

2. What are my real needs?

Just money is not an answer. Be much more specific. Think more on the lines of " I want to be able to ------  and ------ and ------."  Just making money is not motivating - doing things is.

3. Am I prepared to dedicate focused time needed to make this a successful business?

4. How soon do I have to meet the needed level of income?

Most businesses take at least a few months to start generating an income.

5  What kind of products or services would I be comfortable in providing?

If the products or services do not match your personality, and provide something that you will be proud of, becoming successful is most unlikely. One needs a positive purpose in life to be fulfilled. Money alone will not do it.

6.  Do I need training or a Mentor to help me succeed?

Even experienced business veterans can use guidance when starting a business. Even Henry Ford had Mentors with whom to discuss his business, and admitted he would have failed with out guidance.

7. Does it excite you to think about having your own business and being in control of
    your financial future?

If it doesn't, I suspect you're not an entrepreneur at heart and are not ready to start a business. When I started any of my businesses, it sent excited shivers up my spine and I could hardly wait for mornings to get at it.

When you have clearly established answers that are satisfactory to you, to these and other personal questions, you are ready to start looking at selecting a business. Or, you may have decided owning your own business is not for you.

If this information rings true and you found it helpful and you would like to read part two please click on the link "Finding the Right Business - Part Two"

The fact that you reached this page means that you feel that you have the right stuff to own your own business. 

 

I'm glad for you, because owning your own business can be not only financially rewarding but rewarding in so many other ways, especially when you are helping others achieve their goals and dreams.

 

If you plan on producing your own product or services, part one of this series may have been of help, but part 2 is meant for those who plan to distribute other company's products or services and therefore would not really apply to you.

Article - Finding the Right Business - Part Two.

 

It doesn't matter how good the company and its products are that you want to represent, if the business doesn't meet you personal needs and goals, it isn't for you.

1. The Residual Income.

a.  Will the income be paid to you weekly, and will it continue if you aren't

     working?

b.  Can the income be willed to others in your will?

2. The company products.

a.  Do you like the products well enough that you would buy and use them   

     yourself?

b.  Are the products of the highest quality? (Compare carefully with

    competitors).

c. Are the products purchased by others than the people who are selling or

    representing them?  (Very important.)

d.  Would you feel not only comfortable, but proud to be associated with the

     company and their products?

3. Training.

a. Does the company offer good training material.

b. Is there a Mentor willing to work with you, one on one, even before you make

   a final decision? (It is very important that the Mentor has experience and

   success in this business.)

c. Is the company training within your existing skills and capability to easily

   learn the material?

4. Company.

a. Is the company well established, with a good track record?
b. Does the company have a strong management team?>

c. Do the ethics and integrity of the company match yours?

5. Start up costs.

a. Are the start up costs within your budget?

 

Now you know what to look for in selecting a company to represent and you are ready to make an evaluation. 

Please complete the form below, so that I can introduce you to a business that meets the criteria set out above and may also be the right business for you.

Name:
Email Address:
Phone Number with area code:
Best time and day to call:
Information Requested:

 

Thanks for taking the time to read this article and I do wish you the very best in whatever you choose to do.

Warm regards,

Bob Rempel

 

Contact Information.

Victoria, BC

mentor@theprogroup.org

250 474-4776

 

I take calls on Monday mornings between 9 AM to Noon, and Monday evening between 7 PM to 9 PM as well as Wednesday mornings between 9 AM and noon. Remember, I am in the Pacific time zone which may be different from yours, depending where you live. Please respect the time difference if there is one. (I'm not quite as helpful at 6 AM in the morning or late at night)