Operating A Turnkey Business
- Author William Drapcho
- Published August 15, 2008
- Word count 441
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 and 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.
A 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. 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.
But just because the business seems to have been successful, don't assume everything's a bed of roses. 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. 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.
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, many ways to find a home-based business for sale instead of waiting for a home business to find you. Keep your eyes open for the right opportunity!
Bill Drapcho is owner of http://sweethealthy.com and invites you to review his website.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Understanding ASINs: A Guide for Amazon Sellers and Vendors
- Strategies for Getting Invited to Amazon Vendor Central
- Accounting Systems in Sri Lanka: A Comprehensive Overview
- Comparing Amazon Vendor Central, Amazon Seller Central, and Hybrid Selling
- Why You Need Analytics for Your Amazon Business
- InsightLeap: Helping Amazon Vendors Achieve Greater Success
- Choosing The Right Customer Data Platform (CDP) for eCommerce
- The Future of Cryptocurrency in the Nigerian Financial Services System: A 2024 Perspective
- Driving Business Growth With Retail Returns as a DropShipper
- E-Commerce and AI: A Perfect Match - If Done Right
- Investing in Eternity: The Long-Term Value of Buying Diamonds
- Profit-Driven Strategies for Your Magento Eсommerce Website
- The Shift to Online Shopping: Exploring the Preferences Over Physical Stores
- Franchise Business: A Comprehensive Guide
- AI and Small Businesses in 2024
- AI Building Block for Delivering Exceptional Customer Experience
- Preserving Paradise: A Comprehensive Guide to Outdoor Furniture Maintenance by The Outmakers Furniture
- Digital Transformation in Healthcare: The Impact of Innovative Platforms and Marketplaces
- Choosing the perfect diary planner
- How do I increase sales on my Shopify store?
- Majestic Gang: Redefining Natural Luxury in the Hip-Hop Fashion Scene
- Avoiding Common Pitfalls: Tips for a Successful WordPress to Shopify Migration
- Revolutionizing Logistics with 3PLWOW: A Game-Changer in Supply Chain Management
- Elevating Fragrance: The Art of Perfume Boxes
- 11 Reasons Why WordPress Is Good For Affordable eCommerce Development
- What is a Professional Shopify Store Manager?
- The Ultimate Guide to Choosing the Perfect Custom Carton Box for Your Product
- International Freight Forwarding Companies - What Do They Do
- Simplify, Optimize, and Thrive: Why Your Shopify Store Needs Professional Management Services
- Types of Warehouses in China and How They Can Help an Ecommerce Business