You have attitude, courage, preparation and some capital to invest but you don’t know where to start.
And although the scenario seems to be ideal to start a successful company , the alternatives invade your mind and the questions overwhelm you:
- Should I start small?
- How many people should I hire?
- Should I wait a little longer?
- Could this not be the right time?
- What if something goes wrong?
If this is your case, welcome to the entrepreneurs club. First of all, let me tell you that this stage of doubt and indecision in which you are not sure what you want to do is perfectly natural and normal.
The mix between enthusiasm and prudence can create a lot of insecurity and that is when taking each step becomes a great challenge.
Of course this does not happen to all people. There are those who do not stop to think and launch themselves as Olympic divers without fear of the future or what will happen next? Others, on the other hand, analyze every little detail to the point of not being able to decide without having everything 100% clear.
Therefore, overcoming this phase of indecision is the key to being able to take the first step in pursuit of your dream as an entrepreneur.
HOW WILL I REALLY KNOW WHAT BUSINESS TO START?
Let’s start from a primary idea. What every entrepreneur wants is to find that perfect business, one that is profitable, easy to operate, scalable and generates high profits.
We dream of starting a business with little investment that grows rapidly and leads us directly to the new life we dream of.
And although it sounds very nice, the reality is usually very different.
If there is one thing you should know from the beginning, it is that a business is built with patience. The success of a company is forged day by day.
Of course, there are many options and trends that can guide you towards certain businesses that are more attractive and in demand, but the reality is that this small business in the area where you live can be very successful if it is worked and managed intelligently.
Finding a niche market that is neglected or based on an unresolved issue in your community can be a great way to get started rather than trying to invent the next iPhone sold worldwide.
Business ideas range from innovating, discovering new models, creating amazing products or simply renewing ideas that were once successful.
Whatever your approach, you must be clear that success will be the result of your constant effort to satisfy your potential client and to responsibly manage your finances.
So there is nothing written about which is the best deal, or at least what will be the best business for you, that you must discover and build.
So here are some business ideas that will allow you to have a clearer path to take in your entrepreneurial adventure:
BUSINESS FROM HOME
The “one” businesses are becoming more common and attractive especially because you do not need a large infrastructure and high costs to start.
In fact, you can start a home business where your main asset will be your ability to produce, your knowledge and your profession. The rest is a bit of Marketing to make yourself known and soon you will be on your way.
In this line of ideas, I recommend you evaluate the option , this is a company that allows many people to sell their independent services to generate jobs on request. It is ideal for graphic designers, video editors, programmers, broadcasters, etc.
It doesn’t sound like much of course, but the secret is that the platform can generate two, five or many daily work orders. Now imagine that you can generate about $40 dollars a day for services. Not bad for someone who works from home.
Another similar option that you can consider this is a community where there is a business section that also allows you to offer your services or contact people who are looking for specific jobs and offer them solutions for negotiable prices.
On the other hand, network marketing businesses.They could also fall into this category and there are a variety of very serious companies that offer you excellent compensation plans for building networks of independent entrepreneurs that in the medium term can provide excellent economic satisfaction.
If you are looking for truly profitable businesses, the Internet is full of enormous opportunities for those who are not afraid to learn.
Likewise, I would say that the main thing you need to enter this exciting world of Internet business is a great desire to learn and perseverance. As I’ve always said, if you’re willing to spend enough hours sitting in front of your computer learning about existing models, then you’re on your way to success.
I invite you to know my own story: 8 Things I did to have an Internet business
An Internet business can be set up in a short time and usually with much lower investment amounts than traditional businesses may require. And that is what makes them very attractive.
SMALL TRADITIONAL BUSINESSES
Traditional businesses remain an attractive option. Opening a local for a small business is a unique experience that can give us enormous satisfaction.
You will need some investment to accommodate your premises, hire some collaborators and plan your product or service sales model. The great advantage of traditional businesses is that they are almost always focused on supplying basic and daily needs and this makes them very convenient.
You can consider a sale of clothes, jewelry , food or a mechanical workshop to name just a few ideas.
You should think of a business that you know, of which you have experience and that you feel comfortable coming to serve it every day.
If you have some investment capital and want to play it safe, there is nothing better than starting by acquiring a franchise.
This is a known and proven business system where you buy a model already in operation with guaranteed success thanks to the fact that someone else has already worked on the positioning of the brand and the product. These are the steps to start a Franchise.
There are some cheap franchises that can be obtained from ice cream parlors, laundries and other types of businesses among which I am sure one will suit your goals.
The first step if you are interested in this business segment is to contact the franchisor to request some information about the franchise of your interest.
SO WHAT BUSINESS TO START?
I will say that success in whatever you do has to do with the taste and passion with which you do it.
Leaving a job to pursue a business you hate is the most unfortunate thing that could happen.
What do you like to do? What are you really passionate about? What is it that you would do even if you were not paid? The answer to these questions will give you the best sign of the right course.
Next is preparation. There is nothing more frustrating than starting a business in something you don’t know. If you are not an expert, then associate or hire someone who is. Or become an expert in the field so you can run that business with confidence and leadership.
Your investment capacity is another determining factor for success. Many small businesses fail not because they do not have the capacity and professional preparation to develop them, they simply fail because they cannot meet their commitments because they do not have enough capital and then they look bad with their clients.
So that this does not happen to you, it is essential to have a budget that guides you and helps you to know thoroughly how much you need to invest and how much you will need to produce month after month to stay afloat and grow your business .
Finally, as I always recommend, you must be clear that the No. 1 priority whatever the business you have in mind should be: sell, sell and sell!
Many businesses die because there is no one to do the sales in the company. In fact, the best salesperson in the company should be yourself so that your collaborators imitate you and a sales culture is created.
I hope that with these recommendations you can finally take the step towards finding your financial freedom and that you can do it successfully!