Business

by Abby Cadaver

Question by JJ:

business?!?

well am thinking about starting my on business any ideas on how i can get started and wat should my business be




Best answer:

Answer by ASBC
you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket.
Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area.

Look around. Ask people around you.

How to start will depend on the idea - some businesses start part time until they get enough customers to move on - some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do a business plan before you start - work out the details on profitability, time needed to make it work etc before you commit any money to the idea.
Need a great business plan format try. http://www.australiansmallbusiness.com.au/Easy-Business-Plan-Pack-p-16143.html

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