Dallas Mavericks owner Mark Cuban – who made his reputation (and his billions) as a business maverick as well – is the author of a great blog where he posts his thoughts on business, sports and other life essentials. You can find it at http://blogmaverick.com.
His new book, How to Win at the Sport of Business, is a steal at $2.50 and includes a lot of the insights he posts regularly on his blog.
One of the questions he is often asked is how to spot a profitable business opportunity, and here is his answer:
Knowing the industry very well. Most people think it’s all about the idea. It’s not. EVERYONE has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.
Thousands of people want to start their own business, and many of them turn to franchise ownership as a way to realize that dream. All too often, however, they fail to do their homework. Or don’t even know how to begin.
This is where we come in. The Entrepreneur Authority team helps people all over the country choose the best franchise business opportunity for their personal circumstances, and it all starts with a process we have perfected over the years. You can learn more about that process by clicking here.
We also encourage you to attend our upcoming live webinar on Thursday, Feb. 23 at 1:30 p.m. CT, where we will share what is going on in the franchise marketplace right now, the pros and cons of investing in a franchise, the best process for selecting the right business and much, much more.
The webinar is free, but you need to pre-register. You can register online at:
You may also register by calling 972-731-6766.