Buisness

This Model may be the Riskest setup of all, yet has the potential to be the most rewarding. For every one that succeeds there are ten to twenty that fail.

Like a lump of Clay, you alone mold the buisness to its full potential, arangging the Equipment, product line, organizational Structure, Supply Line, And Services.

With no one to tell you what to do, You create your own research and demographics, You must navigate the legal aspects as well as the Advertisement of you Buisness.

This may vary, depending on Location, Equipment Cost, Lease, Utiliities, Employee Roster, and initial Product Line. It can range from a few Thousand Dollars to several Hundred Thousand Dollars.

Although Risk still exist, this Model does limit the risk considerably, in general 8 out of 10 buisnesses will succeed under this model.

The operational model is already formed, Like a finished pot, just needs a little pait and your in buisness....

The success and income of the Franchisor is dependant upon your success so it is in thier best intrest to help you succeed....

In general no less than ten to twenty Thousand and upward to a few million Dollars for the franchise, then there is Equipment, Employees, Product Line and so forth

For the Person with great Drive and Determination, this would be the ideal Model for them, Of course a good dose of experience wouldn't hurt at All.... This Can be the most profitable adventure of all, but It has a pitfall, It can also be the one to put you in bankruptcy the quickest.

Most buisnesses that are under this model come from already exiting buisnesses, thereby Risk doesn't seem to be a problem.

Organizing into a Corporation allows for some protection of personal assets, most cases this is done for existing buisnesses, but this setup can be used on any of the other models

Using a board of directors, generally drawing on experienced buisnessmen gives a unique pool of mentorship that drastically improves the chances of this organizations chances of survival.

This is an organizational tool that adds to the other three buisness models. so on top of the cost under those you also have the cost of Legal Fees ranging from few hundred to several thousand. However, this cost can be offset by Tax breaks not afforded to other buisness models.....

This buisness is for those who are willing to put a lot of time in running thier buisness... but don't want to have the headach of creating thier own system. There is an added cost along with this Model in that a percentage of your profits will go to the Franchisor. A small price to pay for the limiting of your Risk.

Although the risk is low, the success rate industry wide is 2 out of 10. This is mainly due to the lack of skill of the individual to work the buisness. See Networking for Reason.

Basically, the product and services are provided, your only need is to provide customers, to create an Income.

Depending on line of sponsorship, and Company, there tends to be good support in developing a buisness.

Most cost as little as a $100 and upward to around a Thousand

This model is for those who have an idea, lots of money and are setting up a system to basically run itself, although some conventional buisnesses utilize this model to limit liability claims. The basic Idea is to create a pool of partnership and an easy way of disposing of ownership when your interest change.

This truely is a buisness for everyone, even Robert Kiayasaki, who never was in this industry recomends this buisness model. Do use caution in choosing a Company however. See my page on Networking. 80% of all new millionairs in the past few years have come from this industry.