Business ideas?

Question

I have recently made some money and was thinking of starting up my own business. Any ideas on which field to go into? My experience is in insurance and sales but I fancy doing something different.

Thanks

Answer 1

most obvious answer - go where the money is. Do some research, find what you think is the big thing of the moment and get stuck in.

Don't get into something too early in the cycle though. Find out about the Product Life Cycle if you don't already know and get in at the start of the Growth phase rather than the Introduction phase.

Good luck

Answer 2

Think of all your interests & ask yourself if any of those could be expanded into a business. Just keep in mind...what's your expertise? What are your interests? What could you imagine yourself doing?

By researching the prospect of starting your own business -- what it entails, what you need to know, helpful hints, etc -- you'll feel better prepared to take that plunge.

I found some book titles that are relevant to your specific question:

* 101 Internet Businesses You Can Start from Home by Susan Sweeney
* The Best Home Businesses for the 21st Century by Paul Edwards
* Selling Online: How to Become a Successful E-Commerce Merchant by Jim Carroll
* I Could Do Anything If I Only Knew What It Was: How to Discover What You Really Want and How to Get It by Barbara Sher
* I Don't Know What I Want, But I Know It's Not This: A Step-by-Step Guide to Finding Gratifying Work by Julie Jansen
* The Best Internet Businesses You Can Start by Marian Betancourt
* The Shoestring Entrepreneur's Guide to Internet Start-Ups by Robert Spiegel
* Making a Living Without a Job : Winning Ways For Creating Work That You Love by Barbara Winter

I also posted some article links in the source box.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 3

Give it to me! Only joking, the first thing you should do is invest - property, premium bonds (they have special draws coming up, you could make even more money!) just in case things don't work out. Hey you never know your property investment could even become your business!

Anyway it sounds like you have some great skills to start a business - Sales, as long as sales are made it will keep you in business. Knowing your market is also key to a successful business find out what isn't available in your area or what there is a high demand for and improve on what is currently available, provide better customer service, value for money etc.

Check out these websites, they should give you some ideas:

www.powerhomebiz.com/BizIdeas/bizideas.htm

www.businessknowhow.com/Startup/200ideas.htm

www.entrepreneur.com/startingabusiness/businessideas/index116196.html

Good luck!

Answer 4

Well, at first you should decide where you'd like to invest your money - offline or online. I suggest you to invest your money online where there are more Tax Advantages, Privacy and Protection. I think, that forex will be the best business for you, which can be lead from your home, from your own laptop.
If u are interested in forex, i can recommend you one of the most useful websites about forex. See below:

www .best-ranks. com/forex.htm

Answer 5

Can't be sure what you'd be interested in, but I was able to start up my own business and at no cost. I was fortunate enough to know someone that had there own business and was willing to help others get started. Feel free to look at my profile and decide for yourself, or otherwise find someone you know that has what you want and learn from them. Goodluck.

Answer 6

@@
What interest you the most ?
What are your capabilities, other than Insurance ?
What size of Investment you can make ?

You may think if buying and selling equities, on line, provided you have a neck for same.
:))