These questions can help you narrow down your options and finally find your place in an entrepreneurial world.
What are your interests?
While you don’t need to be an expert in the business you choose to start, it will help you get ahead of the game if you already have some interest in it. If you love it, better for you. Plus, if you’re actually an audience member for your business idea, that’s even better because you’ll already have a lot of the information you need to get started.
How much starting capital do you have?
Don’t panic if you don’t have anything to start with, but it’s good to be precise and know what you have. Find out if there are things you can sell quickly to raise some money to get started. This is not the time to think about heaven, this is the time to be realistic.
What skills do you have?
Starting with your target audience is often the best way to choose a business. If you can narrow down your skill level and the type of people you want to work with, you can go a long way when choosing a business to start.
What skills can you buy?
When starting a business, it’s important to realize that you can’t (and shouldn’t) do everything. If your budget is very tight, you may need to start with what you know rather than what you can afford. However, knowing what you can buy will help you envision the future as your business grows.
What skills should you learn?
If you have noticed that you have gaps in your skill level, are they skills that you can learn? If something has come to mind that needs a license, can you get it? How long will it take? What will it cost? How will you get to class? Are they online or offline?
What resources do you have?
Some of the resources you already have might be a computer, Internet access, and even your skills and the people you know. Make a list of any resources, be it a person, a place, or a thing that can help you achieve your commercial property goals.
What resources do you need?
As you’ve listed the resources you have, you’ve likely found some resources you don’t have but need. Do not panic. Just make the list and think about listing them in order from “must have” to just “want to have”.
How much time do you have to dedicate?
If you currently have a job that you have to go to and want to start a business part-time, it’s important to identify how much time you can realistically spend starting a business right now. Even if it’s just two hours a night after dinner, there is something you can do to start a business.