Other - Opinion guys from Anonymous: MarketingProfs Question 27263

Topic: Other

Opinion Guys

Posted by Anonymous on 1/14/2009 at 5:23 AM ET 250 Points

I want to put up a business, I'm still studying. Just want to have experience. I need some recomendations. Thanks in advance

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Posted on 1/14/2009 at 5:57 AM Author

A
Posted by jarcher on 1/14/2009 at 7:37 AM Accepted

Could you give us more details on what you are trying to do and what you would like recommendations on?
Posted on 1/14/2009 at 9:45 AM Author

I mean recommendations on what business is perfect for me (with no experience).
Posted by Paul Kemper on 1/14/2009 at 10:31 AM Accepted

Any business is perfect for you as long as it has one (or both) of the following traits:

1. It is in line with your passion;
2. It capitalizes on your specific knowledge,

and it can solve real world problems.

From there on you would put your thinking cap on to convert the above into products or services and create a (summary) business plan, including some market research, to figure out if it can become a viable business.
Posted on 1/14/2009 at 10:38 AM Author

ok thank you very much ;)
Posted by telemoxie on 1/14/2009 at 1:13 PM Accepted

Another key consideration is the amount of funding you have available.

Franchises typically have a very high success rate, but require you to have a good bit of cash in advance.

You probably could not count on a new business generating cash for you right away. Depending on the type of business, you may need enough cash to last you anywhere from three months to a year without income.