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	<title>Comments on: Business Opportunity Scams: How to Avoid Them</title>
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	<link>http://bookkeepingdirect.com/smartmoneychoices/business-opportunity-scams-how-to-avoid-them/</link>
	<description>How to make your business thrive...one decision at a time</description>
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		<title>By: Jeff Baas</title>
		<link>http://bookkeepingdirect.com/smartmoneychoices/business-opportunity-scams-how-to-avoid-them/comment-page-1/#comment-919</link>
		<dc:creator>Jeff Baas</dc:creator>
		<pubDate>Fri, 17 Jul 2009 22:39:20 +0000</pubDate>
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		<description>Excellent article, Gabrielle!

I&#039;d just like to add to what you said, Gabrielle, that one of the things to avoid in starting a business is thinking that a business idea that worked for somebody else will automatically work for you. Very few people ever get somebody else&#039;s business idea to work profitably for them.

And when you start a business based on an idea or a subject area that you know little about, you double your learning curve -- and your chance of business failure.

Not only do you need to learn the basics of running a business and make the crucial adjustment in mindset from employee to entrepreneur, but you also need to learn the ins and outs of a subject area and target market that you may know little about.

I always encourage new business owners to build their business around something they know and enjoy. It cuts their learning curve in half and gives them a business that they&#039;re far more likely to enjoy running.

Unfortunately, many new business owners don&#039;t see where their experience and interests can translate into profitable businesses. So they turn to the scammers with their promises of no-effort success.

There are a number of exercises a prospective business owner can do to identify the profitable business ideas lurking in their own background. But I&#039;d better cut this comment off before it ends up being longer than the original article.  LOL

The point is, look for ways to build a business around knowledge, experience, and passion that you already have, and you will have far less temptation to fall for the false promises of the scammers.</description>
		<content:encoded><![CDATA[<p>Excellent article, Gabrielle!</p>
<p>I&#8217;d just like to add to what you said, Gabrielle, that one of the things to avoid in starting a business is thinking that a business idea that worked for somebody else will automatically work for you. Very few people ever get somebody else&#8217;s business idea to work profitably for them.</p>
<p>And when you start a business based on an idea or a subject area that you know little about, you double your learning curve &#8212; and your chance of business failure.</p>
<p>Not only do you need to learn the basics of running a business and make the crucial adjustment in mindset from employee to entrepreneur, but you also need to learn the ins and outs of a subject area and target market that you may know little about.</p>
<p>I always encourage new business owners to build their business around something they know and enjoy. It cuts their learning curve in half and gives them a business that they&#8217;re far more likely to enjoy running.</p>
<p>Unfortunately, many new business owners don&#8217;t see where their experience and interests can translate into profitable businesses. So they turn to the scammers with their promises of no-effort success.</p>
<p>There are a number of exercises a prospective business owner can do to identify the profitable business ideas lurking in their own background. But I&#8217;d better cut this comment off before it ends up being longer than the original article.  LOL</p>
<p>The point is, look for ways to build a business around knowledge, experience, and passion that you already have, and you will have far less temptation to fall for the false promises of the scammers.</p>
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