Whole Network Most Recent TOP10 Financial Human Resources Increase Profits

 

What Business?

Filed in archive Biz Opportunities by John Dornoff on May 12, 2008

Are you having a hard time deciding what type of business to go into?

Here are some things to consider and look for when deciding what kind of business to go into.

First of all, what do you like to do? Look at what your favorite activities are and see if one of them will fit neatly into a business. For example if you enjoy web design then making websites may be the right business for you.

Also consider the type of person you are. If your like me and cannot stand to sit at a computer ALL day, then look for a business that is going to keep you moving. While I don't mind working on a computer for part of the day, I really enjoy being on the move. If you're the type of person who rather sit at a computer all day and not have to deal with people one on one, then a retail store is not the right business for you but doing something online will be.

Also take into consideration your lifestyle. If your single and care free did you don't have to worry about being home at certain times. However, if you're a family person then you want to be spending time with family so you need to find a business that will not keep you away from home for extended period of times.

Another thing to take into consideration is where you live if you're looking into a retail store, manufacturing, or online store. If you want to start a store catering to fly fisherman, probably somewhere in the middle of the desert a hundred miles from the nearest body of water is not the best spot. Also if you want to do some small manufacturing, you want to consider the logistics of getting your materials, how easily the area will accept your business, and how you will get your product to market. Finally if you're doing an ecommerce site take into consideration shipping cost both to you and on to the customer. Many companies that do a lot of shipping from a single warehouse consider a central point to lower cost.

One more item to look at is your competition. If you're planning to open a fast food store, who are you competitors and how will you set yourself apart. If you are in a town with every chain fast food place you cannot serve the same quality and type of food as McDonalds. Take a look at the competition and see what is missing from the area in the form of a niche.

Hopefully this will spark some ideas for you to take the next step. The Small Business Administration and SCORE are excellent resources.

Also the Business Plans Blog is also a nice source of information.


Advertisement


Permalink: What Business?
Tags: Small  Business  Management  Business  Plan  Strategic  Planning  Marketing  business  business+plan 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/123073



Related Entries:

Business Plan Video Part 4 - 21 February 2008

Business Plan Video Part 5 - 26 February 2008

Develop your business plan Part 7 - 11 March 2008

Basics of the Business Plan - 19 March 2008

Business Plan Templates - 16 May 2008

Marketing Mistakes Part I - 23 May 2008

Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
Advertisement -
Book yours here..


 
  • CashNetUSA is your best source for a 1 hour payday loan.When you are short in your paycheck you can get an advance paycheck loan.Get instant payday loans now.
  • Would you like to have a new interactive marketing channel for your company? Learn more about Sponsored Blogs with Creative Weblogging. See how we helped companies like Weblin and cellity reach their goals.
  • Would you like to reach millions of blog readers every day? See you banner on hundreds of blogs with TierOneAds? Stay in control measuring conversion in real time. Register now.
  • Would you like to make more money blogging? Use TierOneAds a new platform that allows you as a blogger to set your prices per impression. Register now.
  • Do you have a blog with more than 50k page views from the US? Let us market your blog and earn great fix payments and bonuses.
  • Would you like to see your text link here? Let us know!
Advertisement
Book yours here.



  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: Biz Opportunities Computers Contingency Plan Exit Strategy Financial Going Green Government Regulations Human Resources Increase Profits Infrastructure Loans & Financing Marketing Misc. Noteworthy Operations Organization Partnerships Personal Development Podcast Presentation Tips Sales Sponsored Post Start Up Systematization Taxes Trends Writing a Business Plan