Originally Posted by
KenRagsdale
It's not necessary, nor prudent, to invest in a start-up in which you have no expertise. I've had numerous conversations with clients and customers over the years who told me "what Oklahoma City really needs is...". Those concepts seldom were successful. More often, what you're seeing in Oklahoma City and elsewhere is a subtile twist on a proven concept by experienced entrepreneurs/operators in that sector.
You may find ideas for new ventures that fit your personality and financial ability by subscribing to "Entrepreneur" magazine, or making "Entrepreneur.com" one of your "favorites."
The greatest number of "hits and "inquiries" on the two largest business/franchise-for-sale search web sites, "BizBuySell.com" and "Bizquest.com," are in the food-and-beverage, dry cleaning, coin laundromat and business/professional/personal service categories. Your chances for success are always far greater investing in a proven, ongoing business (preferably with two-to-three years track record) or a reputable franchise. Adding a new idea to a proven concept may fail, but chances for financial calamity are far less.
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