How to choose a business idea.

[Ephy]

A solid business idea requires alot of creativity, planning and soul searching. You have to focus on your skills, experience and passion. You don't need to be an expert right away, but leveraging skills and experience you've gained can increase your chances of success. Meaning you should go with what you already know or don't mind learning fast. Then ask yourself whether you're passionate about running or doing whatever business you want to do.

Another thing is you should evaluate business and your lifestyle if it fits, why? If balancing work and family life is so important to you then avoid business's that require much of your time working a week. If you also hate being stuck in the office, then look for business that can be operated remotely or even at home.

After doing all that you have to test your idea and see if it will work. Then write a business plan that details your goals and how you plan to achieve them. A business plan forces you to examine the validity of your business idea, giving you a better shot at success.

If you have any comments please do so and if you need any business advice also comment so that I can know what to write next.

 

[eldavis]

I also believe there are times you have to make sure the business plan fits your lifestyle. Meaning sacrifices needs to be made. Most young entrepreneurs today, the major problem they have is that they are not willing to actually make changes. They expect things to always adapt to their lifestyle, instead of making the needed sacrifice and changes to how they operate for things to move smoothly.

 

[Jasz]

Choosing a business idea is the first step in starting your own business. What business you decide to go into isn't just going to affect you, it's going to affect your family, your friends, and even the community you live in. That's why choosing a business idea is a daunting task.

The good news is that there are proven methods you can follow when it comes to coming up with the right business idea for you. Here are some strategies to help you get started:

1. Pick something you're passionate about. This means more than just picking something that makes money or is popular right now, though those things are important, too. It means choosing something that speaks to your heart and soul – something that's an extension of yourself. Something that really matters to you. That way when things get tough – and they will – it will be easier for you to push through because you'll have a strong emotional investment in the success of your company.

2. Do some research on what people want and need. This is not always obvious from the outside looking in, so it takes some digging around and asking questions to find out what people want and need in your area of expertise or interest. Do they need help getting organized? Are they struggling in their career?