The Ideal Business

Whether you are trying to diversify your business or supplement your house hold income owning a small business is a dream come true to many. Pain Webber™ is a major American financial company. They define the ideal business with the below twelve points. If a business has three or more of these points it is considered to be a good investment.

• The ideal business sells the world rather than a single neighborhood or even a single city or a single state. In other words, it has an unlimited global market.

• The ideal business offers a product, which enjoys an inelastic demand. Inelastic refers to a product that people need or desire almost at any price.

• The ideal business markets a product that cannot be easily copied. This means that the product is an original or, at least, it is something that can be copyrighted or patented.

• The ideal business has minimal labor requirements. The fewer personnel, the better.

• The ideal business operates on a low overheard. It does not need an expensive location. It does not need large amounts of electricity, or advertising, or legal advice, or high priced employees, or a large inventory.

• The ideal business does not require big cash outlays or major investments in equipment or product. In other words, it does not tie up your capital.

• The ideal business enjoys cash billing. In other words, it does not tie up your capital with lengthy or complex credit terms.

• The ideal business is relatively free of all kinds of government regulations or strictures.

• The ideal business is portable or easily moveable. This means you can take your business and yourself anywhere you want to.

• The ideal business satisfies your intellectual needs. There is nothing like being fascinated with what you do.

• The ideal business leaves you with free time. In other words, it doesn’t require your labor and attention 12, 16, or 18 hours a day.

• The ideal business is one in which your income is not limited by your personal output. In the ideal business, you can sell to 10,000 customers as easily as you can one.

Conclusion

If you would like to learn more about an Ideal Business that hits ALL of the points above. Please contact me using the link below.