My search for the best business opportunity of 2017

I recently searched Google for “The best business opportunity of 2017”.  I was shocked to see that there are 91 million search entries. Do 91 million people honestly think that their business is best?  With so many great opportunities out there, why on earth am I so worried about finding the right one?  Surely there is more opportunity than people?

Then I started clicking and reading.

The first article I found was from the USA.  “Great” I thought.  “They know what they are doing over there”.  Also, I assume that our economies are so similar that an opportunity there is going to be just as good here.  The article I found was from a big on-line magazine called “the balance” https://www.thebalance.com/best-small-businesses-opportunities-4111809 .  The Author, Susan Ward says that the businesses she has reviewed were supposed to:

  1. Have the potential to be profitable now and for many years in the future 
  2. Be able to do well even in uncertain economic times
  3. Do not require a PhD or decades of experience. Some require trade school training, a university degree or a prior apprenticeship, while others need only some prior experience and a passion for the industry.
  4. Do not require large amounts of start-up capital, but only what every start-up business requires: dedication, hard work, perseverance and a desire to succeed.

She goes on to say. “Most of these opportunities can be operated as home-based businesses. If your goal in life is to become very wealthy, chances are you won't get there as a small business owner. But you'll have a chance to generate a healthy income, be your own boss and make all the decisions. You could potentially have a more flexible lifestyle. Building something from the ground up can make starting a business very rewarding in itself”. 

It got me thinking…

What do I really want from my small business?

  • I am nearer 60 than 50 and I know I do not possess the unending energy I had in my 20’s but I really don’t mind a hard day’s work. I just want to feel that what I am doing has a purpose
  • I would also like to think that I can create something of value that will live on after I am gone (or at least retired)!
  • I don’t like the thought that a “small business” is a limit. Most of the Franchises out there have hard territories that are too restrictive.  But I suppose I could always expand and buy more than one area if I want.  Not sure how easy that actually is?
  • I would like to find something that is B2B (Business to Business). I hate the idea of leafleting people’s houses
  • The main problem I have (as do most people) is the money required for cash flow. I worry about that.  My friends that run small businesses of their own tell me that banks are not ending to them. Particularly when they want loans to fund cash flow
  • I don’t want to do manual work. Don’t get me wrong, I have great respect for people that do clean people’s driveways.  It’s just not for me.  Is it me, or are there a lot of “un-paid jobs” out there masquerading as Franchises?  Not sure I want to clean ovens.  They say in their literature that I can pay others to actually do the work, but that just brings me back to my earlier point about cash flow

Getting started

I can see why people favour Franchises.  Starting a new business from “cold” is quite hard.  Even if I have an idea of what I want to do, even if one of the 90 million entries on Google actually resonates with me, I still have to create the whole thing from scratch.  This part of a new business cannot be understated.  It takes ages, just to create the basics that a company needs to take on and impress clients.  It’s not just about the website.  Everyone thinks that you just write a lovely website and you’re away. But it’s not like that.  What about payments, invoices, terms and conditions, product literature, business cards.. Oh my god!  I have no idea what to do first.

I need help.

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