For most potential entrepreneurs, the hardest part in deciding to start a business is simply coming up with small business ideas.
The ambition and drive are certainly there – the challenge, however, is finding and feeling confident about the right business concept.
Since you’ve come to this website, our guess is that you’ve dreamed of starting your own small business for quite some time now.
Maybe a friend has succeeded in her own business. Perhaps small business ownership runs in your family. Or is it the fact that you’re just bored with the daily grind?
Why haven’t you pulled the trigger? What’s holding you back?
Based on our research, the three primary reasons that people who want to start a business but haven’t are:
Fear of Failure – The fear of not succeeding simply paralyzes the potential entrepreneur. A lack of confidence “freezes” any chance of getting started.
Lack of Capital – Not having enough money to fund a startup or sustain one’s family during the beginning phases of the business are concerns that keep many of us locked behind our desk in a nine-to-five grind.
Limited Ideas – Believe it or not, many potential business owners never get started because they have trouble coming up with small business ideas. They lack that special creative spark that ignites the business flame.
While all three of the above startup concerns are valid (and need to all be addressed), the purpose of this website is to help you with the last point – coming up with profitable small business ideas.
A key component is to work through them simply, and quickly by organizing your thoughts. A tool such as www.bplanresources.com offers business plan templates to work through and wittle down to winning approaches.
One final note…exciting ideas are great but proper research pays the bills. If you’re excited about a business concept, take the next step and do some market research…
- Is there a demand for your product or service?
- How much money do you need to start your business? Multiply by three!
- How will you differentiate your business from your competition?
The best way to “prove” out your business idea is to formulate a business plan. Business planning is really important since it provides an operational blueprint for your business. Not to worry, if you’re excited about your small business ideas, researching and writing a business plan isn’t all that hard.