Most business opportunities seem like a godsend at first glance only to find out that theyre curses in disguise. If you suddenly discover or are offered with a business opportunity, heres what you should know to prevent yourself of becoming a victim of the same fate.
Tip #1 Know the Source of the Business Opportunity
How did you learn about the business opportunity? Was it something you discovered by chance or research? Was it offered to you by someone you know and trust? Consider the source of the business opportunity and determine how trustworthy it is. If you know nothing about the source then you should take the necessary steps to rectify the matter. Forearmed is forewarned!
Tip #2 Can You Afford to Take Advantage of the Business Opportunity?
Lets say that the business opportunity is indeed legitimate. That, however, is not reason enough for you take the plunge and sink all your money into it. Consider your resources and ask yourself if you can truly afford to take advantage of the business opportunity.
Money How much investment is needed? Do you have it? Will you able to borrow from someone to provide the necessary funds?