Let’s face it; the idea of starting your own business is intriguing to lots of people. After all, there is something about being your own boss that resonates. Years of dealing with the ineffectiveness, the vanities, the foolishness and insecurities of prior employers and supervisors makes many of us wonder how working for someone we actually like would be. Unfortunately, the concept of being an entrepreneur seems to be mystifying. Most of us have no idea how to start up a business and what steps to take our idea from conception to fruition.
For example, many people are overly concerned with timing. They wonder if “now is the time to start”. The danger here is that inception gets pushed off into the nebulous future when conditions are “right”. Becoming an entrepreneur is a little like having children if you wait until the time is right, it may never happen. So truly, there is never a bad time to take your dreams to reality. Still, though, economic conditions are a concern, and while anyone can see why it is smart time to launch when the economy is robust. On the other hand becoming an entrepreneur during times when the economy seems to be faltering seems is harder to defend. Yet, launching in times of economic insecurity can have some positive benefits you may not have considered. An economy downturn can mean a reduction in competition, in costs and may mean increased opportunity.
Each year over 150,000 million entrepreneurs world-wide start a business, but for every business that gets started there are probably millions of others that don’t. Becoming an entrepreneur is scary, but you simply won’t know if your idea will work until you get started. Ultimately, your business is going to be far more about the people you are selling to and their needs than in what you have to offer so you need to start learning about them as soon as possible. One of the ways that you can ease the fear is to arm yourself with a sound education in entrepreneurship and business. This will help you filter through some of your ideas and focus on the one that will bring you the most satisfaction and ultimately, the most money.
If you haven’t had that great creative spark that lets you know that this is indeed, the big idea here are some areas of interest that may spark your imagination and help you find the entrepreneurial idea that is right for you.
Entrepreneurial ideas that focus on product: Business creating arts and crafts, interior design, jewelry-maker, creating gift baskets, desktop publishing, cart/kiosk vendor, selling on eBay, photography, quilts, leather goods, clothing.
Entrepreneurial ideas that focus on service: direct sales, senior care, pet sitting or walking, bookkeeping, administrative support, consulting or freelancing in your area of expertise, event planning, child care, personal shopping services, remodeling or painting services, tutoring services, catering, repair business.
No matter what type of idea, you decide to pursue your entrepreneurial business should be one that ignites your passion. Then, once the fire has been ignited, you can concentrate on ensuring that you reach your goals by gaining an education in entrepreneurial business.