When considering starting a new home business venture it should rate well using the three F’s of business.
– Feasibility
There are several questions you will need to ask yourself to ensure your proposed business idea has the potential to become a viable venture. For this you will need to do some homework.
This may be done by asking people already in the field of business you are proposing to enter and through carrying out your own research on the internet to establish if there is a market for your idea.
Not all ideas will be profitable. However, this should not be the only determining factor for deciding if to pursue an idea or not.
– Flexibility
Remaining flexible in your ideas is one of the keys to being successful. The more ideas you have multiplies your chances of coming up with the million dollar idea that will change your life forever.
Throughout the life cycle of a business you need to remain flexible in your thinking and to be open to opportunities as they present themselves.
Avoid the trap of thinking there is only one way to do something.
– Fun
Most of all you should enjoy whatever business you decide to become involved in. It should match your personality, skills and talent as you may be in it for a very long time.
One of the biggest mistakes is in starting in business for monetary gain alone or because someone else has said what a great business it is to be in. What may be right for them is not necessarily right for you. If your heart is not in your business you will rarely have fun in the game of business and the necessary drive that gets you out of bed in the morning eager to start another day.
Copyright (c) Jill Black 2003
Jill is a home business person with a portfolio of easy to operate business ventures and owner of Net writing and Publishing success a site offering ways to advance your Career or start a home business through writing. This site can be viewed at: http://www.netwrite-publish.com
