Want to Start a Business?

What does it mean to own your own business? Have you ever wanted to run your own business? Are you looking for a stream of income where you can be your own boss?

Many businesses require specialized knowledge to enter. Real estate has low barriers to entry, compared to many other businesses, but real estate investment requires even more specialized knowledge. Prospective real estate investors usually join their local real estate investor club, purchase books, and attend trainings that may cost thousands, if not tens of thousands of dollars. Often they will invest in a course of training that will give them a professional real estate license, so that they have access to the local market through the local multiple listing service.

Franchises are another good way to start a business, as they provide systems, standards, resources and training to apply successful formulas. But franchises may be outside the reach of most investors, starting at around $20,000 for franchises you may never have heard of. I understand that a Taco Bell franchise may set you back $1.4million. Choice hotels will set you up in your very own hotel for an investment of around $7million. A McDonald's franchise may cost $250,000 of non-borrowed personal monies t

So many new business owners turn to network marketing, a much less expensive way to jump into business, with many of the same benefits of franchises, in that there is a very simple system to learn in order to succeed.

Extra cash is nice, but even better is a business that generates a return on your investment, passive income, without having to trade your time for dollars. These businesses exist, and there are successful entrepreneurs willing to share their secrets to success. Learn all you can from those who have the lifestyle and financial success that you desire, and copy what they do. Refuse to buy the opinions of those whose lifestyle you do not want, and keep your focus on your prize.

Happy Investing!