How To Choose The Business Type Right For You?
Robert Kiyosaki in his a book entitled "The Cash Flow Quadrant" explains very clearly why you should start a business if you want to achieve a financial freedom and retire rich.
If you are an employee or self-employed (like a medical doctor, dentist, accountant, consultant ect.) you always have to work for your money. When you are a successful business owner or an investor, you have your business or your money work for you. You have created a successful source of passive income and you could be financially independent. Passive income is an income received on a regular basis, with little effort required to maintain it as, for example, earnings from a business that does not require direct involvement from the owner or merchant. That means that you not only have money and choices in life, but also have time to enjoy it.
If your goal is to achieve a financial independence, you may ask yourself what type of business you should consider. If you start consulting or freelancing, you will be self- employed. The start-up costs are very low, but you still be exchanging your time for money and most of the time you will not build a passive income for yourself and your family.
If you have a hobby or some patent and you would like to build your home-based business based on it, it is great, but it is really very difficult. You need to create your own system, business plan and get financing. You will the CEO, CFO, marketer, accountant and manufacturer of your own business.
To reduce the risk, you may consider to buy a franchise business, but it is often very pricey. You pay for the name, proven success system and support.
Finally, there is a direct selling and network marketing business.
Direct selling is NOT the same as Network Marketing business. Direct selling is a self-employed type of business where the person is working for the company and is paid commission for all successful sales.
Network Marketing is the business of building a consumer, sales and distribution network for the manufacturer. You will build "your own store" that can bring a substantial passive income for you and your family. You will make money every time somebody buys something from your store. The important issue for success is to choose the right company with a right product at the right time and with a right support system. Network marketing is an excellent choice. The start-up costs are minimal, you work it part-time around a job or other commitments and there is no financial risk to yourself or your family. You do not need to worry about warehousing of the products, overheads, product development, deliveries etc. You have no stock, no staff, and no premises. You just focus on the income producing activities. You will have a system and support. This is a really brilliant business.
If you are an employee or self-employed (like a medical doctor, dentist, accountant, consultant ect.) you always have to work for your money. When you are a successful business owner or an investor, you have your business or your money work for you. You have created a successful source of passive income and you could be financially independent. Passive income is an income received on a regular basis, with little effort required to maintain it as, for example, earnings from a business that does not require direct involvement from the owner or merchant. That means that you not only have money and choices in life, but also have time to enjoy it.
If your goal is to achieve a financial independence, you may ask yourself what type of business you should consider. If you start consulting or freelancing, you will be self- employed. The start-up costs are very low, but you still be exchanging your time for money and most of the time you will not build a passive income for yourself and your family.
If you have a hobby or some patent and you would like to build your home-based business based on it, it is great, but it is really very difficult. You need to create your own system, business plan and get financing. You will the CEO, CFO, marketer, accountant and manufacturer of your own business.
To reduce the risk, you may consider to buy a franchise business, but it is often very pricey. You pay for the name, proven success system and support.
Finally, there is a direct selling and network marketing business.
Direct selling is NOT the same as Network Marketing business. Direct selling is a self-employed type of business where the person is working for the company and is paid commission for all successful sales.
Network Marketing is the business of building a consumer, sales and distribution network for the manufacturer. You will build "your own store" that can bring a substantial passive income for you and your family. You will make money every time somebody buys something from your store. The important issue for success is to choose the right company with a right product at the right time and with a right support system. Network marketing is an excellent choice. The start-up costs are minimal, you work it part-time around a job or other commitments and there is no financial risk to yourself or your family. You do not need to worry about warehousing of the products, overheads, product development, deliveries etc. You have no stock, no staff, and no premises. You just focus on the income producing activities. You will have a system and support. This is a really brilliant business.
About the Author:
Dr. Grazyna Pajunen is a researcher, a teacher, and a researcher in the field of Electrical Engineering. She is also a successful Real Estate investor and a Network Marketer. Recently she has implemented online network marketing strategies to her business. If you want to build a business to secure a passive income for you and your family VISIT.
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