Work From Home Without Getting Scammed

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Here’s a great article from awhile back from Entrepreneur.com

Don’t believe everything you read. Before you invest in an opportunity, make sure it’s legit.

Q: I’d like to work from home, and I’m currently back in college learning Web design. But right now my inquiry is in regards to a company* that I saw a sign for on a telephone pole–I checked out their Web site, and it mentions a positive reference from Entrepreneur magazine. Before I go headfirst into this or any other business, I want to know if such an article was ever written. Are there companies like this that I can start from home?

A: Thank you for your questions. This company* does not sound familiar to me, but that doesn’t necessarily mean it’s either good or bad. In any event, even if this company is a legitimate franchise or business opportunity, Entrepreneur would not endorse it, per se–we would merely provide as much information as possible to our readers, based on disclosure documents and/or other relevant data provided to us by the company, such as growth rate, size of the system, number of years in business, number of operators and so forth.

We don’t get all this data for every company in existence, however, because disclosure requirements vary based on whether it’s a franchise (for which more disclosure is required, in the form of a Uniform Franchise Offering Circular) or a business opportunity (which has fewer regulations in place). In short, when it comes to franchises and business opportunities, our best advice is always this: Proceed with caution, and conduct your own thorough investigation.

If it’s a franchise or business opportunity you want–meaning you prefer to invest in a proven business concept rather than start your own company from scratch–your job at this point is to separate the legitimate opportunities from the scams. Be wary of any work at home business opportunity that promises you’ll get rich quick with little or no effort. (And it probably wouldn’t hurt to be wary of any company that markets via telephone poles.) Any legitimate work at home business will require time and effort on your part to build it and realize a profit.

Read Complete Article

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This entry was posted on Thursday, October 19th, 2006 at 9:48 am and is filed under Work at Home, Business Opportunity, Home Business Education, Home Based Business, Work at Home Jobs, Home Business, Home Based Ideas, Entrepreneurs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.