WWWHelper

Small Business Resource Center

Print This Page


Site Menu

FYI...

Coaching and Consulting Ebook (Online and Offline)
Get Your Own Coaching and Consulting Ebook!:
"C'mon! It Can't Be THIS EASY To Add (Potentially) Thousands of Dollars to Your Freelance Income This Year Alone... Can It?"  It's EASY To Add A Predictable Income Stream to Complement Your Freelance Writing Wages   Especially after you get your hands on “H...

Home Business Opportunities (Online and Offline)
Get access to our complete database of over 1200 Home Business Opportunities:
Get access to our complete database of over 1200 companies Do you like to Pull In A Flow Of Extra Cash by Assembling Products At Home - Sewing, Electronics Work, Woodwork, Craft Work or Making Jewelry, Stuffing Envelopes or Mailing Circulars etc... In FREE Time At Home? Do You Know...

Consulting Business (Online and Offline)
ebook Guide to a Successful future in Consulting:
How You Can Gain the $’000 Secrets To Building A Successful Consulting Business - For Just Pennies On The Dollar! The Success Secrets that will Build a Fresh & Secure Income, Giving Freedom to You and Your Family, Start Here... Play golf, go fishing, o...

Bookkeeping Business (Offline or Online)
Starting A Bookkeeping Business:
"Attention Struggling Underpaid Bookkeepers" "Former Low Paid Bookkeeper Discovers Step by Step Strategy For Starting A Bookkeeping Business Fast...Guaranteed!" If You Would Like to Say Goodbye to Your Low-Paying Bookkeeping Job Forever, Th...

Small Biz Tip Category: Home Business
 
Small Biz Tip Menu
 
Blog Home ]   [ Announcements ]   [ Blogging ]   [ Home Business ]   [ Kick Start ]   [ Marketing ]   [ Tips And Ideas ]   [ Web Site Mgmt. ]   [ What Is... ]   [ All In Order ] 
 
Search Blog ]  ]   [ Add to Technorati Favorites ]   [ Subscribe To Raw XML file ] 
 

"No Cost Startup Business"


There are no comments shared for this Small Biz Tip.

Click here to be the first to share your comments for this Small Biz Tip.

Wednesday, August 12, 2009
Many websites these days are promoting the idea of a "no cost startup business" without telling you the real deal. It's only when you're truly tied to the deal with no way out that they drop the bomb: it's not cost-free at all. Here are a few tips to help ensure you've got a genuine no cost startup business opportunity in your hands.


Legitimacy

There are a number of no cost startup business opportunities that truly won't cost you a dime, but they still come with a catch: they're not legitimate. In fact, the reason why they're probably free to start up is because you'll be violating various rules and regulations by establishing such a business.

To verify the legitimacy of the opportunity, ask for the legal requirements of the proposed business. Registering a business name is always necessary, but if they won't even ask you to do that then something illegal is certainly going on.

Profitability

Many no cost startup business opportunities are set up in a way that will allow the business seller to generate profit while you can only sink in greater debt. The opportunity is legitimate and genuine in a way, yes, but did they promise profitability as well?

To determine the profitability of a no cost startup business, you need to see its projected financial statements, particularly its balance sheet, income, and cash flow statement. These documents will show you how much you can expect to make in a specified period of time. The business seller must also be able to provide you with projected financial ratios. They will let you know, for instance, how efficient the proposed business is at utilizing resources in order to obtain profit.

Hidden Costs

One of the most common schemes used by con artists is to promote a no cost startup business and later on charge their clients with hidden costs. These costs are usually legitimate in nature, but they can be quite irritating because they violate the no-cost clause you've been so looking forward to and worse, you're already in too deep to back out.

Such costs include but aren't limited to registration and processing fees, administrative fees, and lawyer fees. There could be more. To ensure that you won't be a victim of this scheme, you should ask for a list of all costs, including those you'll be charged upon closing the deal, you're expected to pay. Better yet, have them sign an agreement form certifying that the proposed business will indeed cost you nothing or if not that, then it won't cost beyond a specified amount.

Make Your Own No Cost Startup Business

There's no need to depend on others if you don't want to. You can create your own no cost startup business opportunity for yourself. In most cases, such opportunities must have the qualities specified below.

Online

Doing business online would negate the need for renting or leasing real estate, spending money on furniture and fixtures, and other necessary expenses when you set up a brick and mortar store.

Digital

These products rarely require you to spend on materials or equipment. What you need you probably already have like a computer and all the essential software; more importantly, you only need to work on them once and be able to produce massive copies of it afterwards.

Provided By: Ray Plumlee
Website Address Not Provided



This Small Biz Tip Entry Viewed 5,632 Times
The PermaLink for this Small Biz Tip is:
No Cost Startup Business
 
Small Biz Tip Menu
 
Blog Home ]   [ Announcements ]   [ Blogging ]   [ Home Business ]   [ Kick Start ]   [ Marketing ]   [ Tips And Ideas ]   [ Web Site Mgmt. ]   [ What Is... ]   [ All In Order ] 
 
Search Blog ]  ]   [ Add to Technorati Favorites ]   [ Subscribe To Raw XML file ] 
Go To Top Of Page