Tuesday, January 6, 2009

How to start your own small business (ideas)

OK i first i want to welcome all the new subscribers when i started this i didn't imagine i would get such a good response. I want to start off this weeks lesson with probably the most important part of your small business venture the small business idea.
We all have ideas but i suggest running them through a kind of test. Try to disprove them from a critics point of view if your idea holds up than you have a winning small business idea.
Here are some questions u wanna ask yourself. Is my idea original? Is anyone else doing it? If not why hasn't anyone else done it? If someone has done it, are they doing well? Is there some way you can improve on what they are doing? Is there demand for what you wanna create? Will you enjoy what you are doing? Money is important but if that's your only motivation and you don't like what your doing you will never be as successful as you want to be! Do u have the resources to make it happen and to do it better than everyone else!?
One thing u should also do is think realistically i have learned this the hard way. Just because you have an idea and it looks good on paper doesn't mean it will work! If you plan to invest a lot of money and time into this venture than please do your research if you have any questions feel free to comment below or email me ill put my email address on the top right of this page.
And like always