You may have dreams to one day quit your job for your very own business, but in a world filled with complexities, it might be difficult to figure out exactly what you want to do and that’s OK. You can always remedy that, here’s how:<ol><li>Base it on a skill or interest</li><li>Draw up a list of what you’re looking for from your ideal business</li><li>Search out the most successful business Locally and Nationally</li><li>Find the Gap in your local market</li></ol>

4 Expert Tips that’ll Help you Choose the Right Business Kickstart Your Side-Hustle

The book, the richest man in Babylon was based on the premise of making money from your skill and upscaling your profits through wise investments.When you have a skill means that you can provide a product/service that people would pay for. Equally of great importance is having an Interest, it ensures that regardless of your skill level you’ll stay dedicated to learning what it takes to build your business, you won’t be fazed by failure, and you want to make a meaningful impact. So, what are you interested in?

1. Base it on a skill or interest

You’ve probably heard the saying know your why and the how will come to you.ASK yourself why do I want to start a business:Is it for the money?Is it for the challenge?For a more flexible work/life balance?Is your current job under threat of redundancy?Summarize your answers into:I want to start my own business because________________andWhat is stopping me is________________

2. Draw up a list of what you’re looking for from your ideal business

This is simply a sure survey of what exists, what has been tried, what works and which of them interest you. You don’t need to do anything different to your daily routine. The internet can provide you with the information you need, google-search businesses in your area, country and you even expand your national borders especially if your business will be internet-based. Surfing social media is also a great way to search for successful businesses.Try it now don’t worry you those cat videos will still be there tomorrow.

3. Search out the most Successful businesses Locally and Nationally

Most people think that starting a business requires creating something that has never existed and while that is the “big idea” a big idea is made up of many small ideas and you should focus instead on:<ul><li>What can I do differently in this market?</li><li>What new feature can I add to an existing product that will make it better?</li><li>Is there a market that has been neglected?</li><li>How can I reach them?</li></ul>There’s nothing new under the sun, new ideas are mostly slices and combinations of existing ones.Don’t be afraid to think outside the box.

4. Find the Gap in your local market

<UL><LI>Post author
							By <a href="https://informationprime.wordpress.com/author/jamesadesanaya5407/" dir="ltr">James.O</a>						</LI></UL><figure><img width="448" height="333" src="https://informationprime.files.wordpress.com/2022/04/business-idea.jpg?w=448" alt="" srcset="https://informationprime.files.wordpress.com/2022/04/business-idea.jpg 448w, https://informationprime.files.wordpress.com/2022/04/business-idea.jpg?w=150 150w, https://informationprime.files.wordpress.com/2022/04/business-idea.jpg?w=300 300w"></figure>The pandemic provided many of us with a time of solace and convenience, allowing us to reassess our priorities and value our ambitions more than ever. According to the U.S. Bureau of Labor Statistics, a &nbsp;record 4.5 million Americans quit their jobs&nbsp;in <a href="https://www.newsnationnow.com/business/your-money/a-record-4-5-million-americans-quit-their-jobs-in-november/" rel="noreferrer noopener" dir="ltr">November 2021</a>. Many of these people are ditching corporate jobs to bet on themselves, the U.S.&nbsp;saw&nbsp;a whopping <a href="https://www.cnbc.com/2022/02/02/these-three-entrepreneurs-quit-their-jobs-to-start-their-own-businesses.html" rel="noreferrer noopener" dir="ltr">5.4 million new business applications</a> for the same time period.You may also have dreams to one day quit your job for your very own business, but in a world filled with complexities, it might be difficult to figure out exactly what you want to do and that’s OK. You can always remedy that, here’s how!<OL><LI>Base it on a skill or interest</LI><LI>Draw up a list of what you’re looking for from your ideal business</LI><LI>Search out the most successful business Locally and Nationally</LI><LI>Find the Gap in your local market</LI><LI>Gather opinions from your friends and family</LI><LI>Consults business contacts about what you do</LI><LI>Find out if anyone likes your idea enough to go into business with you</LI></OL><h2>1. Base it on a skill or interest</h2>The book, the richest man in Babylon was based on the premise of making money from your skill and upscaling your profits through wise investments.When you have a skill means that you can provide a product/service that people would pay for. Equally of great importance is having an Interest, it ensures that regardless of your skill level you’ll stay dedicated to learning what it takes to build your business, you won’t be fazed by failure, and you want to make a meaningful impact. So, what are you interested in?<h2>2. Draw up a list of what you’re looking for from your ideal business</h2>You’ve probably heard the saying know your why and the how will come to you. ASK yourself why do I want to start a business:<UL><LI>Is it for the money?</LI><LI>Is it for the challenge?</LI><LI>For a more flexible work/life balance?</LI><LI>Is your current job under threat of redundancy?</LI></UL>Summarize your answers into:I want to start my own business because__________________________________________andWhat is stopping me is ___________________________________________________Be honest with yourself!<figure><img src="https://informationprime.files.wordpress.com/2022/04/1795156-michael-hyatt-quote-when-you-know-your-why-you-ll-know-your-way.jpg?w=448" alt="" srcset="https://informationprime.files.wordpress.com/2022/04/1795156-michael-hyatt-quote-when-you-know-your-why-you-ll-know-your-way.jpg 448w, https://informationprime.files.wordpress.com/2022/04/1795156-michael-hyatt-quote-when-you-know-your-why-you-ll-know-your-way.jpg?w=150 150w, https://informationprime.files.wordpress.com/2022/04/1795156-michael-hyatt-quote-when-you-know-your-why-you-ll-know-your-way.jpg?w=300 300w" width="448" height="252"></figure><h2>3. Search out the most Successful businesses Locally and Nationally</h2>This is simply a sure survey of what exists, what has been tried, what works and which of them interest you. You don’t need to do anything different to your daily routine. &nbsp;The internet can provide you with the information you need, google-search businesses in your area, country and you even expand your national borders especially if your business will be internet-based. Surfing social media is also a great way to search for successful businesses. Try it now don’t worry you those cat videos will still be there tomorrow.<h2>4. Find the Gap in your local market</h2>Most people think that starting a business requires creating something that has never existed and while that is the “big idea” a big idea is made up of many small ideas and you should focus instead on:<UL><LI>What can I do differently in this market?</LI><LI>What new feature can I add to an existing product that will make it better?</LI><LI>Is there a market that has been neglected?</LI><LI>How can I reach them?</LI></UL>There’s nothing new under the sun, new ideas are mostly slices and combinations of existing ones.Don’t be afraid to think outside the box.<figure><img src="https://informationprime.files.wordpress.com/2022/04/popular-small-businesses.jpg?w=448" alt="" srcset="https://informationprime.files.wordpress.com/2022/04/popular-small-businesses.jpg 448w, https://informationprime.files.wordpress.com/2022/04/popular-small-businesses.jpg?w=150 150w, https://informationprime.files.wordpress.com/2022/04/popular-small-businesses.jpg?w=300 300w" width="448" height="336"></figure><h2>5. Gather opinions from your Friends and Family</h2>You may find it easy to jump on the internet for all your research when starting a business, but it’s important that “you learn to spend time with people as well as ideas” after all you are going to be selling to actual humans not the bots on the internet. Your friends and family represent one of the easiest ways to conduct research on the market and the practicability of your ideas, and not to mention they’re FREE!Ask questions like:<UL><LI>What existing brand do you like the most?</LI><LI>Which do you hate?</LI><LI>What do you which they could do better?</LI><LI>What if it had ‘so and so’ extra features?</LI><LI>Would you buy a product that does ‘so and so’?</LI></UL>As they are your family and friends, you probably already know the answers to some of these questions. Tweak these questions to suit your idea and gather all the data you need.<h2>6. Consults Business Professionals about What you do</h2>Before you solidify your business plans, it’s important to ask professionals like accountants or bookkeepers to assess your ability to see your business through with your current financial status. Also, you may seek out people with similar experiences for advice on how to get started and dangerous pitfalls you should look out for along the way. Reaching out politely to an entrepreneur on social media has been known to yield surprisingly positive and informative results.<h2>7. Find out if anyone likes your Idea enough to go into business with you</h2>This can be a simple way to assess how sound your idea is but more importantly if you still have a ‘9-5’, it can be incredibly helpful to have a partner who splits the risk, the work and the cost. It is even possible that despite splitting profits you’d make more than you normally would have alone, due to your combined forces.Managing a business is a challenging commitment, no rest, sick leaves or breaks and if you do, it immediately affects your profits. Therefore choosing the right business for you cannot be overemphasized.<h3>Share this:</h3>

Deciding which side hustle you want to start can be difficult these expert Tips  will Help you Choose the Right Business Kickstart Your Side-Hustle

The pandemic provided many of us with a time of solace and convenience, allowing us to reassess our priorities and value our ambitions more than ever. According to the U.S. Bureau of Labor Statistics, a  record 4.5 million Americans quit their jobs in November 2021. Many of these people are ditching corporate jobs to bet on…

<ul><li>Post author By <a href="https://informationprime.wordpress.com/author/jamesadesanaya5407/">James.O </a> </li> </ul>

The pandemic provided many of us with a time of solace and convenience, allowing us to reassess our priorities and value our ambitions more than ever. According to the U.S. Bureau of Labor Statistics, a  record 4.5 million Americans quit their jobs in <a href="https://www.newsnationnow.com/business/your-money/a-record-4-5-million-americans-quit-their-jobs-in-november/">November 2021 </a>. Many of these people are ditching corporate jobs to bet on themselves, the U.S. saw a whopping <a href="https://www.cnbc.com/2022/02/02/these-three-entrepreneurs-quit-their-jobs-to-start-their-own-businesses.html">5.4 million new business applications </a>for the same time period.

You may also have dreams to one day quit your job for your very own business, but in a world filled with complexities, it might be difficult to figure out exactly what you want to do and that’s OK. You can always remedy that, here’s how!

<ol><li>Base it on a skill or interest </li><li>Draw up a list of what you’re looking for from your ideal business </li><li>Search out the most successful business Locally and Nationally </li><li>Find the Gap in your local market </li><li>Gather opinions from your friends and family </li><li>Consults business contacts about what you do </li><li>Find out if anyone likes your idea enough to go into business with you </li> </ol>

The book, the richest man in Babylon was based on the premise of making money from your skill and upscaling your profits through wise investments.

When you have a skill means that you can provide a product/service that people would pay for. Equally of great importance is having an Interest, it ensures that regardless of your skill level you’ll stay dedicated to learning what it takes to build your business, you won’t be fazed by failure, and you want to make a meaningful impact. So, what are you interested in?

You’ve probably heard the saying know your why and the how will come to you. ASK yourself why do I want to start a business:

<ul><li>Is it for the money? </li><li>Is it for the challenge? </li><li>For a more flexible work/life balance? </li><li>Is your current job under threat of redundancy? </li> </ul>

Summarize your answers into:

I want to start my own business because__________________________________________

What is stopping me is ___________________________________________________

This is simply a sure survey of what exists, what has been tried, what works and which of them interest you. You don’t need to do anything different to your daily routine.  The internet can provide you with the information you need, google-search businesses in your area, country and you even expand your national borders especially if your business will be internet-based. Surfing social media is also a great way to search for successful businesses.

Try it now don’t worry you those cat videos will still be there tomorrow.

Most people think that starting a business requires creating something that has never existed and while that is the “big idea” a big idea is made up of many small ideas and you should focus instead on:

<ul><li>What can I do differently in this market? </li><li>What new feature can I add to an existing product that will make it better? </li><li>Is there a market that has been neglected? </li><li>How can I reach them? </li> </ul>

There’s nothing new under the sun, new ideas are mostly slices and combinations of existing ones.

Don’t be afraid to think outside the box.

5. Gather opinions from your Friends and Family

You may find it easy to jump on the internet for all your research when starting a business, but it’s important that “you learn to spend time with people as well as ideas” after all you are going to be selling to actual humans not the bots on the internet. Your friends and family represent one of the easiest ways to conduct research on the market and the practicability of your ideas, and not to mention they’re FREE!

Ask questions like:

<ul><li>What existing brand do you like the most? </li><li>Which do you hate? </li><li>What do you which they could do better? </li><li>What if it had ‘so and so’ extra features? </li><li>Would you buy a product that does ‘so and so’? </li> </ul>

As they are your family and friends, you probably already know the answers to some of these questions. Tweak these questions to suit your idea and gather all the data you need.

6. Consults Business Professionals about What you do

Before you solidify your business plans, it’s important to ask professionals like accountants or bookkeepers to assess your ability to see your business through with your current financial status.

Also, you may seek out people with similar experiences for advice on how to get started and dangerous pitfalls you should look out for along the way. Reaching out politely to an entrepreneur on social media has been known to yield surprisingly positive and informative results.

7. Find out if anyone likes your Idea enough to go into business with you

This can be a simple way to assess how sound your idea is but more importantly if you still have a ‘9-5’, it can be incredibly helpful to have a partner who splits the risk, the work and the cost. It is even possible that despite splitting profits you’d make more than you normally would have alone, due to your combined forces.

Managing a business is a challenging commitment, no rest, sick leaves or breaks and if you do, it immediately affects your profits. Therefore choosing the right business for you cannot be overemphasized.

Bite-sized knowledge
to upgrade
your career

8 Expert Tips that’ll Help you Choose the Right Business Kickstart Your Side-Hustle

4 Expert Tips that’ll Help you Choose the Right Business Kickstart Your Side-Hustle

1. Base it on a skill or interest

2. Draw up a list of what you’re looking for from your ideal business

3. Search out the most Successful businesses Locally and Nationally

4. Find the Gap in your local market

IDEAS ABOUT

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A PRO!

Bite-sized knowledgeto upgradeyour career

8 Expert Tips that’ll Help you Choose the Right Business Kickstart Your Side-Hustle

4 Expert Tips that’ll Help you Choose the Right Business Kickstart Your Side-Hustle

1. Base it on a skill or interest

2. Draw up a list of what you’re looking for from your ideal business

3. Search out the most Successful businesses Locally and Nationally

4. Find the Gap in your local market

IDEAS ABOUT

MORE LIKE THIS

How to Write a Business Plan

How to keep your big project going, even after key team members leave

7 Surprising Things That Can Help You Stop Worrying

It's time to

READ

LIKE

A PRO!

Bite-sized knowledge
to upgrade
your career