If you are asking yourself how to find a real business opportunity, and I am talking about new business opps here, the most basic determination is not too diffucult. In fact, there are 2 types of new business opportunities.
Scenario 1
I do not have enough information about it.
This may be a situation where someone produces a new product or service and wants to prevent others from copying it before putting it on the market. In this case answering the following two questions will help.
- Has the person starting the business a clean reputation?
- Do they want a deposit?
If the answers to question 2 is positive, I’m usually not into that immediately. I could fall for a Ponzi scheme. If the answer is negative, however, it reduces the risk.
In some cases, it is OK to ask for a deposit because even a legitimate business can and does have startup costs. The due deligence, however, lies upon you.
Scenario 2
It is basically the same as scenario 1. The difference lies in how you answer to question 2. If no deposit/fee/whatever is needed, it is not a Ponzi scheme, a scam.Usually!
Scammers are resourceful and can ask for money later. Again, do your due diligence and you cannot go wrong. And that´s it. Now you know how to find a real business opportunity. Or if you do not, you are at least close.
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