Having a good ideas about the kind of business you intend to do is the key, but there is much more to that. You need team-building skills, accounting and sales, basically the above attributes is necessary to make a good enterprise decisions, and also depends majorly on good leadership with operating systems, rather than measure or place your determinant factors solely on the kind of products or services you sell to people.
If you are an investor that stays out-side the enterprise, you are disadvantaged, in the sense that knowing good business is all about those who master the art of solving business problems and create business systems to run it. When you stay inside, you learn faster on how to better analyze the business of others, should the opportunity comes your way to make additional investment decisions for another investor, you must have already had the necessary skill to do so.
Different Types of Business
business, generating income and profit maximization is one thing and on one side, identifying or to discover your own choice among several vehicles for owning or operating a business is the next and on the other side. Different business requires different amount of investment and sweat equity to get it on track Thus we have: (a) Franchising: A franchising is a business entity where the buyer is granted the exclusive right to sell its goods or services in a specified area with a view of showing of profits in exchange for ma fee with the permission of the company-(the franchisor) that provides the buyer-(franchise) with its products or services.
