Should you make a product to sell? If doing the business as a hobby then yes. If you want to make money then no. Making your own product requires lots of time, energy, and money. You will not be able to make them fast and cheap enough to make enough money, and it will dominate your life. Seven issues to consider when choosing a product a. Is there a demand for the product? If you try to sell a product without verifying its demand, you will be sorry. b. is […]

Advantages and disadvantages of franchising Franchises have a high percent of success-you probably know that the failure rate among new businesses is very high. The owner is going through a steep learning curve and makes many errors running the business. Franchises already have the bugs worked out and systems in place for success. Requires a large investment from $10,000 to $250,000. Not all of the franchises are good ones. Check it out before you invest. Ask to talk to five franchisees to insure it is a good decision.