Everyone has something they are good at. Take some time to think about what it is that you are good at. It doesn’t have to be a tangible talent such as cooking or painting, maybe you are very determined or are a creative-thinker. When you are getting ready to start a business you need to ask yourself two things:
1) What skills, talents, and characteristics do I have to offer?
Take some time to really think about what you have to offer AND which of those things you enjoy doing. If you are an excellent cook – but hate cooking, then don’t start a cooking business where you will be miserable. This should be something you can see yourself doing for a long, long time.
You’ll also need to consider what things you know you can take on for your business (or if you have any family/friends that can help). Things like web design, accounting, taxes, payroll/human resources, legal expertise, and marketing will all come in handy when starting a business.
2) What resources do I have to offer?
Starting a business costs money. It could be as little as $100 or hundreds of thousands of dollars. It all depends on what you decide to do. Take a look at your finances and determine how much money you have to contribute to your business, if you don’t have enough – then you’ll need to spend some time saving up – or try to get financing.
You’ll also need to consider the amount of time you have to offer. Are you going to continue working a full-time job while you get your business off the ground? Are you going to be able to work the front desk of your business for days, weeks, months, or years? Can you be available at 2am for a crisis? All these things are important to consider as they may determined the type of business you decide to start.
Photo Credit: Matteo Riondato