Many of those success gurus that you often read about but will never have the opportunity to meet in this lifetime often talk about now being a great time to start your own business because of the economy, and the question is are they right?
If you were going to start your own business, what would it be and where do you think you would want to have it? If you’re wondering what I’m referring to well there are two avenues today that allow us to start a new business, one being a traditional “Brick & Mortar” business and the other would be an internet based business.
That all depends on you and your particular skill set. You would have to define what you are able to do that can translate into a business venture. Do you have experience in a field that would allow you to be a consultant for a small business? Or maybe you want to take a few courses while you’re still working at your job in order to start the business of your dreams, and in the worst case scenario you find yourself out of a job, and you have to start a business with the knowledge that you already have.
What do you think you would do if you had the opportunity to start your own business and where would you start it?
Being an entrepeneur never goes out of style or out of season. It is the vocational expression of one's indivuality and desires. It is what has driven society forward since time began. The striving to be your own person and to innovate is innate, although society always tries to conform people and numb them, dumb them down, tell them they can't do it. Those with a strong enough desire to succeed will succeed.
The two sure-fire ways to go when striking out on your own are to either fill a need that no one else is filling or to find something that fits your gifting, if you've figured out what that is (this is vital). Ideally you would find something that fits both. That is the true sweet spot, and it's hard to fail if you find that sweet spot and then don't give up.
I want to thank Wally and everyone else who replied to this post. At the beginning of this year I was very afraid. I had lost my job at a factory, after leaving a factory job that I had spent almost 17 years at. I was comfortable at that 17 year position, but not very happy with not getting raises for several years and hearing the same old BS. So I went to this new factory that was just about 10 minutes away in the town where I live, and two months later I'm canned. Without spilling too much milk here, I had to jump into writing full time, because at 54, there aren't very many factory jobs left in my area, but lot's of warehouse forklift driver positions, but it's a very competitive market and lots of people are out of work. So I started my business KeyWords Media and I've been trying to get it off the ground since mid March of this year, with some success including my writing gigs here and at other sights. But to be honest it's a bit scary and I have much to lose if I'm not successful at this, like my house and car. So it's almost the end of the year and after a few stints this year at terrible jobs and with the best wishes of my wife I'm in it for the long haul now, and I'm looking to ramp things up starting this week actually and hope for the best.
I think anytime is a great time to start up your own business. You have to be careful with how you do it and make sure you have a good idea but definitely. Even just starting up your own food truck. That is huge right now and a lot easier than coming up with the next PillowPet.
I believe that it can be a great time to start a business, but there are a lot of factors that have to line up. It takes a very specific, driven, innovated personality to successfully start up a business. You can just jump into it because you want to make money. There is so much hard work involved, you really have to be passionate.
The other factor is the right idea. Others have mentioned it before, but you really have to look for what people need. If you try to open your own bookstore right now, people are going to laugh at you while they read from their Kindles and Nooks.
In all honesty, with the economy the way it is, I believe that the only way people will have the ability to prosper is to become an entrepreneur. They need to find a market that has yet to be explored, or invest in a business sells a product everyone needs regardless of their income level.
Personally, depending on what I am looking to buy plays a part in whether or not I order the item online or in the store. For example, I was shopping for a travel booster seat for my son yesterday. I conducted research online to find my best options, but took my son to the store to see the booster seats and select the one he preferred. On the other hand, I've also ventured to the other side and purchased jewelery, rooler skates, and costumes from internet sites.
Opportunity is everywhere, you just have to be willing to do it and go the distance.
You can be as creative and new as you want to be. You need a great team or at least a handfull of people to gather advice from, I suggest.
Cover your bases and protect them.
Right now it is a buyers market but and employers market to. Meaning you can afford things real cheap right now as long as you can get and maintain a job. Scary thought.
You only live once.
Think. Decide. Do.
Of course anything to do with the internet is a good business to be in. If you know how to build websites for small businesses you can make a living at it. Every small business needs a good website these days.
With so many businesses failing and so many jobs lost it is probably the best time ever to start your own business. What do you have to lose if you've already lost everything? If your business fails, are you any worse off than you were already?
Hi, great question, and this is one that has me thinking of the short term and then the long term.
With the noticeable increase of disasters in the world, and in America, a consultant in disaster readiness would be someone who visits business owners, schools, even home owners, and coaches them on being prepared for an emergency in the days following catastrophic or severe flooding, earthquake, hurricane or tonadoes.
His / her motto could be "better safe than sorry".
Sure, groups like FEMA and local police / national guard or Red Cross, etc could be doing this on a small scale, but there are a lot of businesses that could use some one on one, so that they could take the appropriate steps to be prepared.
Ken that is an excellent idea and it just shows the type of ingenuity that it takes to become an entrepreneur.
In my opinion, if you have a certain kill set, take it and run with it. Think about this for a minute…take a simple business plan, map out what you want to do, and start getting the things that you would need together.
Some business cards, an online presence whether a blog or a business website, a simple written piece that could be used as an “About” page to introduce yourself and your business, and the services that you offer. And don’t forget that you would want to have fresh content that would target your niche market.
Then it’s just a matter of “bootstrapping” your efforts for the business. This would include any social media marketing efforts that you want to do, and online and offline networking in order to get your business out there in front of everyone.
You could even do your own press release and distribute it to different online press release services, and don’t forget to make that all important press kit to mail out to potential clients and to local newspapers.
Right now is an excellent moment in time to take advantage of all that this environment has to offer, and utilize the internet for all it’s worth.
If I had the money, which I don't, I would be buying houses and fixing them up. Right now they are dirt cheap. As long as you don't have to sell it right now, you can accumulate a lot of nice places and wait until the market comes back around. You could make a lot of money