Finding your Ideal Business

from India Small Business.com 21 Feb 12 enhanced by Peter/CXO Wiz4.biz

Are you one? Statistics show that 1 out of 10 individuals are keen to start their own business. If you are one, you need to find your ideal, suitable business.

Planning. Smart businessmen always plan well and follow their plan. This attitude should be your daily strategy to research your ideas and plan how you can implement them.

1. Define your Dreams.
Ever wandered into a supermarket without a shopping list and feel like your wasting your time? Well it´s no different when you begin your business without enlisting what are your prime interests goals, and what do you want to achieve from being an entrepreneur. Visualize your dreams to direct your path towards them.

2. Find your Passion
Passion is our prime motivation in life. Assess as to where your passion lies. You don’t need to be trained or educated in that field, to pursue you business. What would you rather do than anywhere else? Even when you´re in the den of difficulties, overwhelmed & vulnerable, you’ll still want to see it thru. Passion is a magic potion that can drive you to learn and acquire more than a mere education for your passion. Without true passion, any business that is started half heartedly will fail twice as fast.

3. Do your Research well.
With the extensive powers of the Web at your fingertips, you’re never long from finding the extensive info that can guide you on planning the right business. Find out your potential market, whether the services you plan to provide already exist? If so, research the services that aren´t provided, which you can supply. Determine how to make your business different from the rest. Analyze your target customers and determine their needs. Never forget- “An intelligent man learns from others mistakes” (ie, the Competition) What can you do better?

4. Eliminate the Improbable.
You need to be realistic about your plans & goals for your business. Doyou have the space, finance & back-up support to initiate the business. It is best to under the reality and work upon it, than to be a pie in the sky with no dough!
Prevent the sap of your cash, by considering alternate means to meet your need. (ie, initially, working from home or in your garage) Estimate how much of time, finance, energy & labor can be reduced and turned into action at the earliest than wasting time and resources planning a larger start up with weaker financial back up. Remember you don´t want to bite of more than you chew!

5. Never Give Up !!!
If you´re overwhelmed and getting cold feet analyzing the research and plan for your business its best segregate your research and plan. Call in help from trustworthy friends & family + experts from the business you intend to start. Brainstorm, discuss and explore extensively with someone, without being mentally fatigued about beginning the climb over a hill that has suddenly turned into Mt. Everest. Always keep your eyes focused at your goals, self-motivating yourself that there is – “No Pain, No Glory!
Imagine the ultimate results of this dedication towards your business goals and all paths which seem difficult, will seem easy to navigate.

Comments: Do you have any other Ideas on how to find your Ideal Biz?