“I
need to find a business that can’t fail,” is one of the myths I address in my
book, Business Fits. There is no
such thing. No single business fits
every person’s goals and talents. No
business fits in every area. No business
fits every individual’s investment guidelines.
Even
if there were a business model that couldn’t fail, that business could still
fail if the owner doesn’t follow the business system. For example, if a business is dependant on
direct mail for customers and the owner doesn’t send out any direct mail, the
business will fail.
The
most common error is to think the product or service is so good and in such
high demand, that customers will flock to the business. This is hardly ever
true. The potential customer may never
know the product or service is even available without the right marketing.
A
business might be right for Joe Blow who is an extrovert and loves talking to
people and enjoys selling. The same business
could be a total disaster for Jane Doe who is an introvert and hates to
sell. Please note, I never mentioned a
product or service. It is irrelevant.
For
more about how to find the right business for you, go to: http://BusinessFits.com
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