It’s not easy deciding what type of business you want to start – especially when you have a thousand ideas swimming around in your head at any one moment.
If you constantly feel overwhelmed by your unstoppable ambition, these are the questions that you need to answer to figure out what your next step will be.
Trust me, I asked myself these questions 5 years ago and now I have a thriving business which I absolutely love running! You too could be in the same position!
1. What Do You Want To Get Out Of The Business?
Is your reason for starting a business more altruistic? Do you want to help the disadvantaged and the poor? Consider starting a non-profit organisation that will change the world for the better.
Do you want to earn extra income or become a self-made millionaire? Consider investing in franchises or even in stocks to see your income grow.
What about simply wanting to become an entrepreneur, your own boss? The key to a thriving business is always in a sound business plan. Get down to the nitty gritty details and put onto paper what you envision for your future.
2. What Are You Good At Doing? [restrict]
Consider the skills that you have acquired in your previous jobs or stunts. How can you apply that to your current business? Or how can you culminate your experiences to create something new and improved?
What about your personal hobbies? Why not bring the skills you practice at home to the next level?
Even if you don’t have a clear view of your strengths and weaknesses, you should not shy away from your passions.
So the next thing to consider is what your heart is invested in and what you are willing to work hard for. That in itself is a strength.
3. What Would You Like To Learn?
Your business should benefit you as much as it benefits larger society. And I don’t mean just by earning profits but holistically as well.
Your new business venture will push you to attend classes in business, agriculture and real estate that you never dared taking before. This pushes your personal boundaries and helps you broaden your vision for your business venture.
So why not challenge yourself today and embark on something unexpected?
Your business should be a reflection of yourself and your ambition for the larger community. Don’t be afraid to want more and reach for the skies!