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

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

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4 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

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:

  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 business Locally and Nationally
  4. Find the Gap in your local market

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1. Base it on a skill or interest

1. Base it on a skill or interest

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?

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

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

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________________

and

What is stopping me is________________

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3. Search out the most Successful businesses Locally and Nationally

3. Search out the most Successful businesses Locally and Nationally

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.

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4. Find the Gap in your local market

4. Find the Gap in your local market

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:

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

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.

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IDEAS CURATED BY

royaltouchz

Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.

CURATOR'S NOTE

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

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