3 Keys To Avoid Going Broke By Choosing The Wrong Home Based Business

So, you may have made the decision to start a business from your home. The creation of a brand new idea is the crucial first step in establishing any business, however choice of a business can make or break your entrepreneurial venture. Nevertheless, a home business isn’t for everyone. So, the question is – do you know what business you should start?

Any new home business you begin must have the following criteria:

CRITERIA 1: You have to have the ability to learn the business completely and quickly.

CRITERIA 2: The business has to be in great demand, be steady and sustainable.

CRITERIA 3: The business has to be profitable.

One business that we know of that meets all of these criteria is that of a freight broker. Surely you’re asking, what is a freight broker?

A freight broker is an individual or company that serves as a liaison between a company that needs transport services and a licensed motor carrier. Freight brokers use their knowledge of the shipping business and technological resources to assist shippers and carriers accomplish their goals. A freight broker works to find out the wants of a shipper and connects that shipper with a carrier who is prepared to move the items at an appropriate price.

Freight brokerage services are invaluable to both shippers and motor carriers. Many companies find the expertise offered by freight brokers indispensable. In fact, some corporations retain brokers to coordinate all of their shipping needs. For their efforts, freight brokers can earn excellent commissions.

Let’s realistic, though. Being a freight broker has some serious drawbacks. To function as a freight broker, you are required to obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). In all instances, freight brokers are required to carry surety bonds as well. Up front costs for freight brokers may be very high as well since dispatch software programs and subscriptions must be purchased.

Regrettably, even though being a freight broker could be an exciting means for you to generate income, as you can understand, it is not easy to get started. Now, you’re most likely saying to your self, ‘why tell me about this great business just to pull the rug from beneath my feet’? Well… BOLA TANGKAS