Last, but certainly not least, when looking at a business opportunity, you want to know about the compensation plan. You want to know how a company is going to reward you for the work that you do.

Education. Regardless of your age, extra education and training are needed either for a career switch or self-improvement. A lot of people are taking college courses (even with teenagers) or upgrading to an MBA to climb the corporate ladder. Even if college education is out for you, you still must plan for your children’s college degree, unless you intend to leave them to their own devices.