Tuesday, 13 May 2008
Home based turnkey businesses
Home based turnkey businesses
Copyright © Stuart Smith
http://www.SuccessHomeworking.com
You can buy a turnkey business to start your home business. This is a business that’s either already in operation or, at the least, ready to go. The turnkey business is fully equipped. It needs only you to get it into operation. If you ever took over another kid’s paper route, you’ve already had experience with acquiring a turnkey business.
One turnkey business is an existing business. Some easy money making tips in this case would be that you buy the business and take over its operations, stepping into the shoes of the former owner. A second is a business opportunity. It’s similar to a franchise in that you pay for the concept and are essentially ready to go. But it’s quite different from a franchise. And the third type of turnkey business is network marketing, which involves both selling products and making money from the sales of others who are brought into the network by you.
Don’t make anything harder than it is. Instead of building from nothing, you may be able to buy an existing business and save yourself all the groundwork of starting from scratch. This enables you to acquire the concept, the existing customer base, a list of suppliers and a track record. The only thing you change is the location of the business. It might be from the former owner’s home or office to your home for some easy money making tips.
But just because the business seems to have been successful, don’t assume everything’s hunky-dory. When you buy an existing business, you take the good with the bad. The good may be the business’ list of customers or suppliers and goodwill. The bad may be the business’ poor credit rating from paying bills late, or a less-than-favorable reputation for quality or service.
But even if an existing business has been successful, there’s no guarantee that it will continue to do well under your ownership. You still have to learn how to run the business. You have to be able to handle such things as finance, promotion, and personnel to get by.
The process of buying an existing or preowned business takes a lot of time and effort. But it generally costs less to acquire a business this way than to develop a concept on your own and get it started, so the time and effort may be well spent.
You may not think that existing home-based businesses would be up for sale as easy money making tips, but this happens more often than you’d imagine. When the owner of a messenger service wanted to retire, he sold his successful business to another man, the person who had been managing it for several years. The manager moved the business into a spare bedroom in his home and customers were given a new phone number. The home based messenger service increased in sales and payroll.
How can you find an existing business for sale? If you work for a home-based business, you may be able to buy out your boss when she wants to retire or relocate. But these opportunities don’t grow on trees. There are, however, other ways to find a home-based business for sale instead of waiting for a home business to find you.
About the Author:
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To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.SuccessHomeworking.com
-----------------------------------------------------------------Labels: based, business, easy, home, making, Money, tips, turnkey
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