Starting a business? Then start one!

Many people are constantly asking me what type of business they should start. That’s a pretty broad and open question, wouldn’t you say? Well, honestly, I really don’t know what type of business you should start.

There is no possible way that I have any right or authority to tell someone or even recommend to someone what business they should start. There is only one person who can answer that question – the person asking the question!

We all have different skills, different passions, and different abilities to excel at something. If you’re thinking about starting a business you first need to really look into your own character. You have to dig deep within and find out the source of what really, really makes you happy in life.

Once you find that, then – and only then — you can start the legwork of formally starting the business. But unless you’ve found the source of what drives your passion, you’ve got nothing. You’re a car running on low fuel.

As I said, I’ll never outright tell someone what type of business to jump into. Instead, I’ll tell them to go on a journey! What type of journey you ask? A journey of looking at tons and tons of random businesses that have been started. A journey of absorbing information.

Nowadays everyone wants to start an online business (rock on!), so I usually recommend to just start surfing the net. And when I say surfing, I mean really mean it! Get out there and just start checking out tons of other sites. How are they making money? What are their business models? How did they get started? What are the founders like? Just start asking yourself questions about the companies you come across.

This type of thinking will be a great primer for the next step. The next step is to forget about everything you’ve just absorbed. Don’t worry it’s still in your subconscious…just don’t directly think about it. It’s now time to really get crazy and start brainstorming from scratch. This is what’s really going to differentiate your service from the masses. Make you stand out.

This is the time when you just carry around a pad with you all day long and allow ideas to come freely; jot them down and continue the process over and over again until your ideas begin to take shape.

Your mind is the best tool you have; the best weapon in your arsenal; and the best canvass for your masterpiece. So with the information you absorbed when looking at other companies, the ideas you written down when you were brainstorming with your pen and pad, and the constant improving upon your new concepts, you have become deadly!

Just keep at it!

3 Responses to “Starting a business? Then start one!”

1

I must say that nobody can really tell you the kind of business you can start. Everything depends on what you want out of life. But if you look within, you will be able to find enough clue to what interests you.

I started www.nairahost.com in 2004 out of curiosity. I need a good and affordable hosting and none seems to meet my criteria. As long as I found so many reliable and good web hosting solutions, most of they are far more than my budget. So, I discussed with a firend and that is the birth of a company.

So, just look within. If you need to attend a seminar, please do. It will not take you long before you will find what business to start.

2

Yes, yes, yes — well said, Emmanuel. What we want out of life will define what we get. It’s just that simple and just that hard. Thanks and keep on creating, my friend!

3

I’m interested about your LLC formation experience here in New York. If you can write about it, it would be great. Why LLC over corp? Why not just be a sole proprietor? New York also made a law stating it is now mandatory to publish the formation. How much did that cost you?

Leave a Reply




You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>