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Low cost business opportunities of 2021
First thing: WHAT IS THAT WOMAN DOING???????
Dien Rice has been reporting on little known, odd, unusual businesses for over a decade now. He's written two books on the subject. He provides pros and cons and gives realistic information, and his newsletter is a great resource.
I have over half a century in the field of Biz-Op, going back to the 50's with George Haylings and others offering information on Business Opportunities. Wish I had my originals, I'm sure I spent tens of thousands of dollars over the years, but anyhow...And, I've just completed a few months of research into Biz Op today, in 2021, here are my findings:
Bootstrappers of TODAY, are a far cry from the motivated folks of my youth.
To summarize, the less skin in the game a new Entrepreneur has put, the higher the chance of it being a business FLOP.
Low cost, no money, hard labor just doesn't cut it today except for a very small % of those that think they want to own a business.
I've just advised a business owner...who is seeking to expand or scale up her business, and is seeking Entrepreneurial types...to
get away from lookie loos, low investments and charge 10x the price for the opportunity.
I think (and my research might prove it, albeit, unable or rather unwilling to share it) a minimum of 5000 dollars, a MINIMUM of 5k, is the level of commitment needed to insure ACTIVITY.
One way to hedge the investment bet, is via a FRANCHISE, with a track record and a successful MARKETING plan (which is really the important thing in that game).
So, I combed through thousands of franchises (with helpers) looking for the best, the easiest to start, the most guaranteed to work...and included licensing and distributorships, then narrowed it down to those under 10,000 dollars and came up with
ZIP. Nothing. And the reason being, they ALL depend on the motivation and commitment of the Entrepreneur. See, at lower levels, people just want to buy a job, to buy an income.
But I will tell you this: Biz-Op is alive and well and exploding in fact. My Facebook page throws these at me 100 times a day...mostly the latest and greatest DO NOTHING and use this SYSTEM to make tons of moolah, blah, blah, and more blah.
Here is what I do know, after 50+ years doing this...
A business, any AND all, has to have at least one customer, and in 99.999% of them, they need a lot more than one to be successful.
So, if you are looking for a money making, business opportunity, I strongly urge you to start with knowing HOW and WHERE your customers are going to be coming from. Solve that first, and to paraphrase Richard Condon,
Customers are the key to life (business)
Customers are the clue
Customers are the drum and fife
Find them first before you invest, and any Biz Op will do!
P.S. I can answer some questions, if you have any.
Last edited by GordonJ : May 5, 2021 at 10:59 AM.
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