Starting your own small business PART 1 – What type of business should it be? | Small business news; tips; networking

Posted by tonyp21 under Startups
From http://www.tonypaullconsulting.com 2980 days ago
Made Hot by: Digitaladvert on October 1, 2016 12:05 am

This article, the first in a 3 part series looks at the first steps in finding a small business idea.

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Comments

Written by tiroberts
2976 days ago

I for one think your biz should be something you're passionate about, or at least something you can tolerate

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Written by tonyp21
2976 days ago

Agree, but having said that my first successful business was doing something I hated, with a passion. I had a string of failures following my passions and on the advice of my mentor I went back to doing what I was good at.

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Written by tonyp21
2977 days ago

Hi Heather, thanks for the input. You raise a very important point, and it is one I keep emphasising with my new start-up mentees. As a new business owner you cannot expect to know everything and the mark of a good entrepreneur is the courage to admit this and seek qualified help when necessary

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Written by HeatherStone
2977 days ago

Tony,

Great introduction. Possibly the best advice is looking at your expertise first. This doesn't mean you need to have all the skills necessary to run your business. You'll doubtless need to learn plenty and partner where necessary along the way. But an opportunity is only good if you have the skills necessary to take advantage of it, whether that's because you know enough to do much of the work yourself at first or are good enough at raising money, recruiting expertise and marketing to make it work even without the hands on experience.

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Written by tonyp21
2977 days ago

Hi Martin - just the 3 parts.

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