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2006-12-27 16:25:00 · 5 answers · asked by Anonymous in Business & Finance Small Business

5 answers

For many people the idea of going into business is appealing because it seems to offer direction and control over their lives. Sometimes the reality can be the opposite. So prepare yourself and your idea before risking your funds, by gathering as much information as possible prior to making any commitment.

1.) Brainstorming for an idea - You must select what interests you in any field and put together 5 to 7 possible ideas that seem viable as a source of income.

2.) Deciding what type of product - you are going to sell and how it will be shipped. For example is it a tangible watch or an intangible product such as an ebook etc.

3.) Analyze the demand for the product - You can anaylze what other people are bidding for search engine placement to sometimes get a better idea of the profit involved in your particular niche.

Most successful business owners are hardworking, self-motivated, decisive and in good health. If you are considering going into business you need to be aware of your skills and abilities and what motivates you. Make a list of your personal strengths and weaknesses and consider their impact on your business. Has what you want to do been done before? Was it successful? Is what appears to be a good idea going to be a commercially successful idea? Do you have the skills to make it successful? Do you have the money (or access to it) to go into business at this time? Careful planning is fundamental to success. The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle: http://www.sba.gov/smallbusinessplanner/index.html

2006-12-27 16:44:01 · answer #1 · answered by JFAD 5 · 0 0

Your question is very broad. However, a good business is always, ALWAYS, one that has a success record. In other words, you should compile a list of just a dozen businesses that you know, from personal observation, have been successful. There are several kinds business that sell bakery goods, for example. Catering is another idea. But these are a small sample. In any case, a good business is what you make it. Ask yourself what are good at doing? Also, what interests you the most? Who will you need to help you run the business? Do you want to work from home? If so, go back to my first question. Last but not least, the available cash on hand will help you make your decision. If you're within range of a SCORE office, I suggest you pick the brain of one of their experts, before you put your money up.

Hawk

2006-12-28 00:47:08 · answer #2 · answered by equityhawk 2 · 0 0

I know of something that you can do on the computer to make money, doesn't require any fees either upfront or at any time, and you don't even have to leave the house. Your only investment is time, and only a little bit of it a week!

And no, it's not CashCrate, Treasure Trooper, any PayPal chain mail schemes, or any survey nonsense. It's global, too! And no spam or viruses will fill your mailbox!

Over 100,000 web surfers have signed up since the site went online 4 weeks ago! It'll only grow even more! The time to sign up is now!

If you or anyone reading this is interested, please click on my ID and click on the email link or IM me if I'm online. I cannot go into details here or provide a URL link so as not to get in trouble with Yahoo or its TOS.

2006-12-28 01:15:43 · answer #3 · answered by Anonymous · 0 0

I am a stay at home and run my own business. My husband works construction and during the winter months its tight. It took me 3 yrs to find something legit.

Check out the site below. I truly hope you take the time to look at it. It changed our lifes.

Good luck to you and no matter what check out every company. I wasted hundreds of dollar before finding something legit.

The company I am with is been in business for 14 years, BBB members and best of we get residual income every month.

Good luck to you,
Christy

2006-12-28 01:49:55 · answer #4 · answered by Legitwork2007 2 · 0 0

I have read many books and they have all said one thing. The best thing to do if you are starting business is to get into a network company and start there. So, I did. I am well on my way. We have many people in our company who started there and are branching off now into real estate investing, writing books, etc. It is a thought for you! I would be happy to share my business also!!!!

2006-12-28 08:26:07 · answer #5 · answered by gatorgirl 5 · 0 0

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