Start some business to make profit what do you sugest ?
I am a trucker and my wife a nurse so our revenue together maybe 100k per year. But we want to start a business to make profit. What we thought is to buy a franchise restaurant. But all the other tell us that we need experience in management or that we had a restaurant in the past. What can you sugest to start. Or what kind of business is really fruity here in quebec Canada ? Thanks
- HenryLv 77 years agoFavorite Answer
You are the only one that can figure that out as everyone’s situation is different. Find an unmet need also something you like to do. Complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis http://www.businessballs.com/swotanalysisfreetempl... and write a business plan to prove that the business idea is workable. Go to http://sba.gov/smallbusinessplanner/plan/writeabus... http://www.bplans.com/ or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.
- 7 years ago
Do you have an idea which you think can benefit your community? There are many considerations that you need to think of like financial stability, the market and the likes. You need to focus on those things first before deciding on a particular business.
On the other hand, a franchise has lower chances of failure but you need to check how great their sales in general are as you are attached to the franchise.