Begin a soul-searching process to determine which business is right for you. You'll definitely have an advantage with a business that's a spin-off of your background or experience. You can also enjoy success in an area where you have strong interest yet lack experience, though you may need to qualify yourself through entrepreneurial training or professional certification programs.
Jot down the skills in your talent bank. What do you like to do with your time? What technical skills have you learned or developed? Do you have hobbies or interests that are marketable? Don't forget the personality factor. Do you like working indoors or outdoors? Do you enjoy working with the general public or with a few close clients? Every business has its own personality, and your own personality should be a complement to the one you finally choose. Talk with others in businesses similar to the ones you're considering about the traits and temperaments needed to be successful.
Keep searching until you find an idea that couples your love for the work with your marketable talents.
- The Best Home-Based Businesses for the 21st Century by Paul and Sarah Edwards
- Determine if your business idea really suits you with the quiz in Hot. . . or Not?
- Not sure you want to do it alone? Maybe you need the guidance provided by a business opportunity or a franchise. Check out Entrepreneur magazine's Homebased Business Opportunity 400and Entrepreneur magazine's Top 101 Homebased Franchises