So you’ve got your small business idea and you want to start a small business. What do you need to do to get your small business off to a flying start?
I am going to share with you what I believe are the 3 most important things to consider when starting a small business, especially a bricks and mortar business.
1. Research
You will need to carry out thorough research on the products or service that you are going to be selling. When I started my first business more than twenty years ago, my original business idea was to open up a pet shop. I wasn’t actually sure whether there would be a demand for that type of shop, so during one of my week’s holidays I actually parked in the main shopping street for 6 hours a day for the whole week and carried out thorough research including:
Counting …
Majority of small business owners are their own “brand.” Given below are 6 small business ideas for aspiring entrepreneurs where they themselves can be the distinctive factor.
1. Image Consultancy
Due to the general obsession with looks, image consultancy is becoming a lucrative business. Whether its clothing, hair or make up, helping others decide how to look is a serious matter. To become an image consultant, you should have a genuine interest in the work and take a relevant course.
2. Life Coaches
Majority of people these days, whether they are successful or unsuccessful, want to solve the issues that they are facing in their lives. Some are going through a bad marriage, others are struggling with low self-esteem, and many of these people want help. If you believe that you can listen to problems and give sound, practical advice, then you may want to consider life coaching.
3. Services …
As with any career, there are no guarantees that starting a small business will make you happy. Even though becoming your own boss will empower you to take control of your own destiny, it will also present many challenges along the way. So why start a small business and will it bring you the happiness and the lifestyle that you yearn for?
As the current economical downturn continues to cause uncertainty, more and more people are choosing to start a small business. Some are taking this route by choice, while others are being forced due to not earning enough money, personal debt soaring and becoming fed up of waiting for things to improve. Even graduates are starting to turn their back on their chosen careers and opting for the entrepreneurial route instead. However can anyone be successful in business?
The answer is sadly, no. Even if you have the best …
A lot of entrepreneurs come up with what they think is a great idea and before testing their idea, they just start spending money. This is definitely the wrong approach. Slow and steady wins the day. If you have an idea and have fully developed it; then it is time to test it. “How do you do that?” you ask. It is quite simple. You go and find people who are or have been in a similar business and you ask for their opinion on your small business idea. And then listen intently to what they have to say.
A lot of people make the mistake of NOT doing this and they are the ones that go on to make those $10,000 mistakes. If you take the time to test your idea before putting your idea into motion and spending money, you will be able to catch yourself from making …
