Very few people get rich by working for someone else. Except for the musicians, sportsmen, and other talented people. The only way to become rich by working is to build your own business. Type of business of your choice depends on several things:
- How much money do you have as initial capital and working capital.
- Your business idea
- Level of your confident
There are 3 kinds of business:
1. Traditional business, where you depend entirely on your own effort.
2. Franchise business, in this business you will be bound by the rules and follow the training and obtain support from the company.
3. Network Marketing
* Traditional businesses require huge financing, either from your own or from your bank. You may need to lease space, purchase equipment, pay staff, the cost of advertising, brochures, stationery and supplies. Many of these traditional businesses fail in the first year. To make your traditional business succeed, it needs a good idea, adequate financial support, good health, a partner who can understand each other, and stamina. If you succeed you will have a business that provides a big advantage.
* Business Franchise. This business has a high success rate. And the Bank likes this kind of business because it can reduce risk factors by looking at the track record of a franchise, this course will enable you to borrow money through banks.
In business franchise every support and training costs, even the initial cost will be very high, and the percentage of business turnover will be paid on the company’s franchise.
* Network Marketing, also known as Multi Level Marketing, has many advantages and disadvantages. Small application fee and operational costs even lower. Business networking can be done in your spare time. The secret of this business is perseverance, if you get past the first year, you’ll know that the business provides a good profit. A study revealed that 95% of people who pursue this network business for 10 years, becoming wealthy beyond even their wildest expectations.
Your choice will be determined by the funds you have, and how much time will you invest in your business. A franchise business will require substantial funds and 100% commitment from you. Proverbial, with this business you will jump into the river, and you will get guidance to be able to swim well to your destination.
As for the network business, you can do in your spare time while continuing your job. Stay diligent, and in time will come the success of your business, who can support you financially. After that, you can leave your job, concentrate on the business and enjoy leisure time with family.