3 Types of Businesses Used Today

You may be one of many Filipinos who want to start your own business.  You read about it, study about it, maybe even attend seminars about it but you never really gotten around to actually do it.

There are many stumbling blocks in starting a business, and they are mainly: CAPITAL, SKILLS, TIME, and RISK.

cashflow quadrant book

In Robert Kiyosaki’s Cashflow Quadrant book, he mentions the 3 Types of Businesses used today, and they are:

Of the three, I’d say network marketing is the easiest to start.  Why?

Well, first reason is the LOW CAPITAL required, which is the main stumbling block of Filipinos in starting a business.  Both traditional businesses and franchising require big capital.

Let me enumerate below the top 10 reasons why network marketing may be the best business option for you if you lack the capital, time, and skills on how to start a business:

  1. Low Cost of Entry
  2. No Minimum Education or Experience Required
  3. Part-Time Business
  4. Own Boss
  5. Law Of Leverage
  6. Learn The Difference Between Big And Small Money
  7. Help Others
  8. Portability, Global Business
  9. Access to a “B Quadrant” Business
  10. Last but definitely not the least, Self-Development Opportunities

Clearly, the main stumbling blocks in starting a business are greatly reduced in network marketing.

Start-up cost is very low compared to potential revenues, while skills may be learned from upline mentors and you can also learn a lot of skills from experience.  Also, you don’t have to leave your job or business to start a network marketing business as it can be done part-time.

While these are all encouraging reasons to start a business, they will become useless if you don’t have your OWN compelling reason why you want to start a business in the first place.

Identifying your own motivation, your own ‘why’ for wanting to become a business owner is much more important than the mentioned benefits.

Why do YOU want to start a business?  Share your thoughts below. 🙂

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2 Responses to "3 Types of Businesses Used Today"

  1. Hi Annette,
    It’s very nice to read from your blogs and I am inspired to pursue spreading the good news that every Filipino can be a world-class entrepreneur through network marketing industry…Keep up the good work!

  2. annette says:

    Thanks, Emmanuel! Glad to have inspired you. 🙂

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