Feasible business ideas are evaluated by analyzing the demand for the product or service, weighing the available resources and looking at the skills, talents and knowledge you have. The process of assessing your ideas involves reflecting on all the business ideas and income generating activities you have generated and zero down to three most promising ideas, looking critically … [Read more...] about How to Assess Your Business Idea
Choosing a Business
In starting a business, one of the most difficult decisions will be to select a business that is right for you. What is the business that you want to do where you can best achieve your goals? Where can you find a business idea that will really pay off? What are the best ventures to pursue today? These are but some of the questions of would-be entrepreneurs who know they want to … [Read more...] about How to Select a Business to Start
QUESTION ON Want to Start a Business, Where Do I Start? I am an artist, was a psychotherapist, taught art to kids and seniors, have a business degree as well. I am 47, divorced and want to start a home business. I am lost as to what to do. I really want to start a business, but where do I start? Please can you help? - Ivy ANSWER Advice by Tammy … [Read more...] about Want to Start a Business, Where Do I Start?
(Editor's Note: This article was first published on October 23, 2003. Wasserstein has since sold Archives Management, Inc., renamed as ArchivesOne, after turning it into the third largest records management company in the United States). Winning the entrepreneurial game hinges on several factors. As hundreds of thousands of new businesses are added each year, the odds of … [Read more...] about A.J. Wasserstein: Success Starts with the Right Choice of Business
It isn't the billions of ideas, that pop up in the minds of humans around the globe that make money. Very few ideas are worth the time it took for the thought. Most ideas are fleeting "sparks" that go no place and are forgotten before the next day. Of the ideas that are good, very few are followed up and ever end up as a worthwhile development in the market place. Most people … [Read more...] about How to Develop Money-Making Ideas
A key question often asked by start-up entrepreneurs is what to sell in the business. What products or services could you sell that will make you money? The selection of the right product or service is critical. In fact, the choice of a product or service for your business can make or break your business. Choose a product that requires significant production capital when … [Read more...] about What to Sell: How to Select the Right Product for Your Business
Choosing the right business is the first step to entrepreneurial success. According to studies made by the U.S. Small Business Administration, only 66.0 percent of small businesses survive its first two years, and survival rate lowers to 39.5 percent in at least 6 years. Your goal, therefore, as an entrepreneur is to find a business that stands a greater chance at … [Read more...] about 7 Methods in Choosing a Business
The thought of starting a business can be daunting and frightening - even for those who eventually succeed. Self-doubt, insecurities, and fear often serve as stumbling blocks. They feel that they are not good enough, not creative enough, or not smart enough to run a business. More so if they do not know what business to start. Many would-be entrepreneurs are at a loss … [Read more...] about No Clue as to What Business to Start?
Finding a business that will provide you with a money-making venture requires strategy and skill. While some are lucky enough to have business ventures fall on their lap, others have to undergo a careful process of research and self-analysis before finding out what business is best for them. Research has been an important process in determining the entrepreneurial venture of … [Read more...] about How to Choose a Profitable Business: 3-Step Process
One great way to find market opportunities for your product or service is to study social and business trends. New social trends transform how goods are built and sold. Business opportunities grow out of the changes in the social order. Back in the 1920s, who would have thought that bottled water will be big business? With the growing consciousness for cleaner and … [Read more...] about Use Social Trends to Find Market Opportunities in Business