2010 is upon us, and it looks to be a year filled with opportunity. Marketing a business opportunity was the motivation for me to start blogging about small business and more specifically home based business ideas. I started looking for a solid business opportunity that's run from a home office around six months ago. I am wanting another income stream for my online business.
Here is the thing though, I want to do it my way. I want to make my own rules, set my own hours, and have some control over what I earn. That isn't asking to much is it?
I've narrowed my search down to two or three possibilities. I'm not letting the cat out of the bag as to what new business I'll add to my mix in 2010, I'm not 100% sure yet anyway.
Here are some things I look for when evaluating business opportunities.
Upside/Downside
There is an upside to every business idea. Every investment carries risk and most every business carries some sort of risk too. There will always be at least an investment of time, which for many of us is just as valuable, or more, as money.
Huge potential to earn, or upside, is great and having strong upside is important when choosing the best business opportunity to start, but here is the thing....
If your a new entrepreneur, the downside might play a bigger role in your success and certainly in your decision to start a business in the first place. Being a new entrepreneur and choosing a business idea with limited downside is not a bad idea. If you only have a couple sources of income its also a good idea to look at the downside of a business opportunity. If you can't loose, you can loose right? Many top business opportunities don't have a lot of downside, you just have to find them.
Personally I think the Internet offers some of the best opportunities to succeed as an entrepreneur, especially a first time entrepreneur, why?
Because the downside is so insignificant.
I mean you could do something as simple as start a blog, which is free. No downside there really. If you start a blog to earn money and you pick a topic that you have a strong interest in you will likely enjoy blogging about the topic while your money is on the way. ( It can take some time to start earning money by blogging)
2010 will prove to be a "new" year. In saying that I mean there are some wild cards with the economy and all. What will 2010 be like? Ask ten people and get 10 answers, right?
Times are changing and starting a business or even a couple simple businesses in 2010 that have limited downside is probably a smart idea. When evaluating 2010 best at home business opportunities ask yourself what happens if it doesn't work out and let the answer steer you to the best business to start.
What are some good business opportunities with limited downside, that you think will be top opportunities for increasing income?
