Re Vista El Emprendedor

Blog For Home Based Business and Entrepreneurs

  • This article rates a home business opportunity using my “New Approach for Rating Home Business Opportunities,” of 11 major and 7 minor attributes. Each major attribute can be worth 7 points, while each minor attribute can be worth 3 points, with 98 points as a perfect score. Of course, there are no perfect scores for home business opportunities. The 11 major attributes are-

    * Product or service
    * Product price and market competition
    * Company
    * Proven business system
    * Available Support system
    * Available training and resources
    * Compensation system
    * Profitability – has good profit margins
    * Costs involved – both startup and recurring costs
    * Will I have full control over my business?
    * Can I work this business at my own pace?

    The 7 minor attributes are-

    * How is the product delivered to the customer?
    * Does the product/service have an automated delivery capability?
    * Is the Company “On the Net” and E-Commerce enabled?
    * Are you supplied with business tools to make your life easier?
    * What level of administration is required?
    * Consider whether you will be ahead of or behind the trends?
    * How great is the potential to make money in this business?

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