What are the best small businesses to start? I have three criteria to help you determine what the best small businesses are for you to start.
1. What do you enjoy doing? The best small business to start is one you enjoy. Mary Carpenter has a bachelor's degree in Marketing. Before she had her children, she worked in sales. When her children went to school, she wanted to go back to work - but not in sales. She also wanted something that would work with her children's schedules.
Mary made an inventory of the things she enjoyed doing. The one thing that stuck out on her list was that she enjoyed keeping house. Particularly, she enjoyed keeping order in the house.
But, organizing wasn't a “real" career was it? She did some research and found that the field of Professional Organizing is a growing field.
But who hires Professional Organizers? Well I for one do! I met Mary when she came to organize my home office.
When you are exploring business opportunities, don't create a job you'll hate. Create a business you'll love working in.
2. What do you have the money to start? The best small business to start is affordable. Ginger Roy really would have liked to start a daycare. But when she looked into franchises, she realized that she would need $500,000 in liquid capital - an impossibility on her minister husband's salary.
Instead, she started a daycare from her home. It gave her the opportunity to teach preschoolers without the high start up expenses.
Don't go for broke starting a business if there is a less expensive alternative that you would enjoy.
3. Don't buy into hype. The best small business to start is one that's real. Always ask yourself if this is a real product that real people will buy. If the only reason to “buy in" is to access the money in a “down line, " stay away. Instead, start businesses that you know there is a market for.
For instance John Handley, a paralegal at a small law firm, knew that the computers at his office needed constant TLC. He was the only one in the office that could keep them working. He knew that if he resigned, the paralegal they hired to replace him probably would not have the same computer repair skills.
He talked to his friends and found out their offices often had computer problems that they didn't know how to fix. They often turned to a patchwork of unsatisfactory solutions.
John knew that if he started a computer repair consulting firm for small businesses, he could get retainers because he was in the business himself.
He now works from home and travels to client's offices on an as needed basis. He started from the firm foundation that companies needed his services.
If you follow these three suggestions - do what you enjoy, start what you can afford, and stay away from the hype - you have the formula for the best small business to start.
If you would like to start a low cost business from home, go to the Starting a Business website where you will find resources on starting many different businesses. It's located at http://www.StartingABiz.net
If you want to find The best small business to start this site can show you how.