What Small Business would suit me?
Everyone has a different set of preferences and financial conditions when it comes to picking the right small business for them. Picking out a profitable niche is always at the back of mind when you are thinking of choosing a small business opportunity. Before settling for any small business, you have to put in a lot of time and effort and this is one such thing that cannot be avoided at any cost. Next comes the business plan which apart from evaluating which interests, hobbies and passions can make a nice business but also one that will make you the money. Choosing a nice small business option is a simple thing and it does not require batting ones head on the walls to reach to a conclusion.
Another important thing that has to be kept in mind while choosing any small business opportunity is the amount of capital required. Even small miscalculation at this point of time is more than enough to ruin ones business dreams but creating a business plan will step you through this process to ensure that you have thought of everything.
Here's a worksheet to work out what small business would suit you best
If you have great expertise in your industry and have good contacts, then becoming a consultant can be a really smart option. This reduces the need to employ staff but if you need some help you may be able to employ the services of a virtual assistant, reducing business costs such as rent and office space, additional employment costs, etc.
If you are creative or want to turn your hobby into a small business and love clicking pictures, can become professional photographer as this gives them complete freedom to do what they love the most. What about an art gallery? If you are a doctor but love to create art then maybe you could incorporate an art gallery into your doctor's surgery :)
Those who love driving can open a driving school and can make money out of a thing that interests them in their life.
There are so many options available when it comes to selecting a nice small business option and one just needs to pick the one that promises good prospects in the future. There is nothing wrong in investing a bit of time as the decision that one takes is going to leave the results in the long run.
After owning and managing small to medium businesses for over 18 years
Tammy Love is Ms Small Biz -- she has a love/hate relationship with
business! She knows first hand that it is really exciting to grow something and
provide the best possible service/product for customers but yet it can
also be tiring, hard and down right exhausting! She
also knows how lonely that it can be being a business owner. She is using her website | Facebook page and Twitter to help others achieve their dream of starting or getting through the beast that is small business!