I have had several careers including working in the public sector, working for a corporation, and owning a traditional small business with lots of employees.  The one thing I never thought of was how to evaluate a job or business and know if it was right for me.  When I came across this list it made perfect sense.  Had I found this years ago, perhaps I would have made different choices.  For me, working for someone else is not the answer.  Owning my own business is certainly better but if you read The E-Myth owning your own business is really owning a job.  To be financially secure and have time freedom, it is all about leverage……

This list is found in the Paine Webber Planner used by their employees.

1. The Ideal Business sells the world rather than a single neighborhood or
even a single city or single state. In other words, it has an unlimited
global market.

2. The Ideal Business offers a product, which enjoys an Inelastic demand.
(Inelastic refers to a product that people need or desire almost at any
price.)

3. The Ideal Business markets a product that cannot be easily copied. This
means that the product is an original or, at least, it is something that can
be copyrighted or patented.

4. The Ideal Business has minimal labor requirements. The fewer personnel,
the better.

5. The Ideal Business operates on a low overhead. It does not need an
expensive location. It does not need large amounts of electricity, or
advertising, or legal advice, or high-priced employees, or a large inventory.

6. The Ideal Business does not require big cash outlays or major investments
in equipment or product. In other words, it does not tie up your capital.

7. The Ideal Business enjoys cash billing. In other words, it does not tie
up your capital with lengthy or complex credit terms.

8. The Ideal Business is relatively free of all kinds of government
regulations or strictures.

9. The Ideal Business is portable or easily movable. This means you can
take your business and yourself anywhere you want to.

10. The Ideal Business satisfies your intellectual needs. There is nothing
like being fascinated with what you do.

11. The Ideal Business leaves you with free time. In other words, it doesn’t
require your labor and attention 12, 16, or 18 hours a day.

12. The Ideal Business is one in which your income is not limited by your
personal output. In the Ideal-Business, you can sell to 10,000 customers as
easily as you can one.

We invite you to fully discover Nikken and match us up against these criteria for the ideal business –