Total agreeance with RichardM. I run a business in North West finding homes for B2L investors. You have to know your area, industry and competitors very well. You also have to be prepared to do a lot of legwork. Very rewarding if you get it right but if you don't you'll be the most wanted!!I would consider the following;
Do you have any working capital?
How long can u survive without drawing a salary from the business?
If you intend to have premises,how mucj will it cost?
Your biggest expense will be marketing. Asses what an average fee would be. Call your local paper and get advertising costs and gauage how much you think it would cost to advertise, show potential clients, administration of sale Vs income for sale. This is your selling cost. If the selling cost if more than the fee, forget it.
Ask yourself what is your primary reason for starting up? Is it independence/job satisfaction/earning potential?
Your motive for starting up may not provide you with earning potential you may need!!
Good luck, need anymore help i'm on 01942 216684
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