Entrepreneur Helps Business Owners Find Solid Opportunities, Helping Them Avoid Money Losers and Time Wasters
Successful entrepreneur Damian Benko offers practical advise for individuals looking to improve their financial situation by becoming their own boss.
Alpharetta, GA, January 10, 2007 --(PR.com)-- With fuel prices at all-time highs, interest rates climbing, and many corporations cutting payrolls, millions of North Americans are frantically searching for a small business they can own.
Unfortunately, there are a lot of flimsy deals, poor plans, and down right scams trying to reel in unsuspecting novices. Entrepreneur and direct marketing expert Damian Benko, www.whoisdamianbenko.com, has created several online sites to help inform those attempting to go into business for themselves.
Benko advises to base a business on direct marketing. "Trying to create your own product is too risky and too expensive. It's better to market an already established product or service, but make sure the commission structure will let you earn good money," Benko said.
Benko's experience and research has led him to believe most MLM and networking businesses won't work. "By the time everyone down the line gets through taking their cut, you can't keep enough commission. It's not unusual for longtime MLM members to be pulling in just $50 or $100 per month. You can't quit your 9 to 5 and elevate your lifestyle," Benko said.
Benko advises those considering a business to find a mentor who can help them put a success system in place, then keep them encouraged over the months. "You need a mentor with a tested, proven plan you can put in place. Then you must consistently work your plan for one year. It takes that long to give your business a strong and lasting start," Benko said.
Watch for companies that have a conflict of interest. They may be more interested in selling leads to members, or getting all members to subscribe to the company's technology or services. "When Ray Kroc started franchising McDonalds, he insisted they wouldn't be marketing meat, rolls, and cups to their individual owners. It would create a conflict of interest and could be discouraging to owners. That was good advice every industry should consider," Benko pointed out.
Finally, Benko says prospective business owners should trust their gut. Whether a business idea sounds like a great idea or a dog, the owner should trust his or her feelings and not be talked in or out of the business by the advice of friends and family. "You'll be working a lot of hours in your business. It has to feel right to you," Benko said.
Get more tips for start-ups at Benko's http://www.YourLastBusiness.com, featuring a complete business system anyone can put to work to achieve success in one year.
dbenko@passiveincomestrategies.com
http://www.YourLastBusiness.com
###
Unfortunately, there are a lot of flimsy deals, poor plans, and down right scams trying to reel in unsuspecting novices. Entrepreneur and direct marketing expert Damian Benko, www.whoisdamianbenko.com, has created several online sites to help inform those attempting to go into business for themselves.
Benko advises to base a business on direct marketing. "Trying to create your own product is too risky and too expensive. It's better to market an already established product or service, but make sure the commission structure will let you earn good money," Benko said.
Benko's experience and research has led him to believe most MLM and networking businesses won't work. "By the time everyone down the line gets through taking their cut, you can't keep enough commission. It's not unusual for longtime MLM members to be pulling in just $50 or $100 per month. You can't quit your 9 to 5 and elevate your lifestyle," Benko said.
Benko advises those considering a business to find a mentor who can help them put a success system in place, then keep them encouraged over the months. "You need a mentor with a tested, proven plan you can put in place. Then you must consistently work your plan for one year. It takes that long to give your business a strong and lasting start," Benko said.
Watch for companies that have a conflict of interest. They may be more interested in selling leads to members, or getting all members to subscribe to the company's technology or services. "When Ray Kroc started franchising McDonalds, he insisted they wouldn't be marketing meat, rolls, and cups to their individual owners. It would create a conflict of interest and could be discouraging to owners. That was good advice every industry should consider," Benko pointed out.
Finally, Benko says prospective business owners should trust their gut. Whether a business idea sounds like a great idea or a dog, the owner should trust his or her feelings and not be talked in or out of the business by the advice of friends and family. "You'll be working a lot of hours in your business. It has to feel right to you," Benko said.
Get more tips for start-ups at Benko's http://www.YourLastBusiness.com, featuring a complete business system anyone can put to work to achieve success in one year.
dbenko@passiveincomestrategies.com
http://www.YourLastBusiness.com
###
Contact
Passive Income Strategies
Damian Benko
800-371-8161
www.passiveincomestrategies.com
Damian Benko
800-371-8161
www.passiveincomestrategies.com
Contact
Categories