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My friend has a home based business he wants me to join, and I am very skeptical about it, I am wondering should I go for it or not?

2006-06-18 10:35:37 · 13 answers · asked by wiray1015 1 in Business & Finance Personal Finance

13 answers

Microsoft and Apple were too home based business and now they are two of the most important companies in the world.

It depends on the person's business plan. If he doesn't have one then walk. If he does have one then see if he can use it to get a small business loan, even if he doesn't need the money. If a bank will aprove the loan then it is probably a good business.

Otherwise figure out if the cost of working with your friend is worth it to you.

2006-06-18 10:40:04 · answer #1 · answered by Dan S 7 · 0 0

I'm with those who say that you need to see a firm business plan. Don't have your friend explain it to you. Have him give it to you in hard copy so that you can really go over it with a fine tooth comb--perhaps even discuss it with a lawyer. Only in analyzing that business plan will you even know what questions to ask so that you make the right choices.

Also, proceed with caution. Working with friends can get very messy and complicated if you don't spell out ahead of time explicitly how the work relationship between the two of you will function. In this way huge misunderstandings, arguments, and rifts between you can likely be avoided. I'm of the mind that this is also something that should be established in writing. Unexpected situations will always develop capable of affecting your interaction. If you've got a plan in writing, you can always go back and refer to that agreement or even improve it. Don't be afraid to map out the nitty gritty. Unfortunuately it's sometimes the nitty gritty which undermines even the best of friendships. A gentleman's agreement or handshake will likely not safeguard the friendship well enough.

Examine this new possibility from all angles with your eyes very wide open. It may very well be the best idea ever. However, if you don't know ahead of time what you're signing up for, it could be a recipe for disaster, including the loss of a good friend.

2006-06-18 17:57:57 · answer #2 · answered by pompadour67 1 · 0 0

I would only approach freinds/family with a home base business if I had already proven to MYSELF that it has made me a ROI (return on investment) that merits being excited about. If your friend has not yet experienced success himself, find out how the company teaches distributors about marketing, what tools do they provide for the membership fee? Do you get a website? Finally, just plug in the name of the company into Google. If it is a scam not worth joining, you will have no problem finding forums where former participants are venting. If the opposite is true- if it is a valid opportunity- you will find positive forums as well.

2006-06-18 17:44:49 · answer #3 · answered by rice puddin' 2 · 0 0

http://makemoney.yacam.altervista.org here you can find information and start your online marketing without one cent and no credit card require.
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2006-06-21 17:00:45 · answer #4 · answered by YAHOOSHIT 2 · 0 0

I was a huge skeptic. Now my plan is to retire from teaching high school in two years at the age of 43! It can work!

Join us at www.e-maginemarketing.com

2006-06-22 22:00:19 · answer #5 · answered by SV 2 · 0 0

Thay work but dont get caught up in the whole working at home deal and never do any work. it also depends on what product you are selling and the supply and demand in the area of merchandise. Also how much you are paying for what bussiness you are providing or merchandise you are selling.

2006-06-18 17:40:54 · answer #6 · answered by qban1der 2 · 0 0

Any business one begins should be considered as an investment. I suggest NOT starting your own home business unless you are prepared to invest your time into it (full-time or part time, consistently and regularly) for one to two years.

After that period, re-evaluate.

2006-06-18 18:01:39 · answer #7 · answered by Darren J Smalley 2 · 0 0

Probably not. If you are interested in starting your own business, one that you are in control of, you can get some great ideas on this site.

2006-06-18 18:21:16 · answer #8 · answered by Looking Up 5 · 0 0

if it is quickstar then no , it is a type of pyramid scheme and was desined to appeal to the dreamer who always fails

2006-06-18 17:38:50 · answer #9 · answered by Anonymous · 0 0

I say go with your gut. If somthing smells fishy - it probably is!

2006-06-18 17:39:55 · answer #10 · answered by ImpeachBush 2 · 0 0

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