How to find the right business model that will sustain you financially

Kids retuning to school today? Feeling like you really don’t have the energy to get back on that work-life treadmill again? You’re not alone, but instead of looking for a pity party, take action today and things could start looking different by the start of the next school half term.

20111031-082502.jpgThe trick is not to focus solely on the money you want to make – choose a business that you actually like.

If it uses your strongest abilities, skills, or talents, all the better. If it doesn’t, thats not a big deal – as long as you are willing to keep learning , you can develop the necessary abilities, skills, or talents as you go along.

Here are three tips for getting into the right business for you:

1. Be honest with yourself – what don’t you like?

Although I don’t generally recommend looking at anything from a negative perspective, there are times when it’s helpful and this is one of them. If you are very indecisive, then it may be better to start from this side of the list.

One of the easiest and fastest ways to realise the right business for you is to figure out what the wrong business for you to get into would be. For example, if the very thought of selling something to someone makes you go into a panic, then perhaps a business that revolves solely around selling isn’t quite right for you.

2. Think about what you do like

It might be something you’re doing now or have done in the past to earn money. It might be a hobby or special interest of yours that you love doing but have never considered making money from it.

It could even be related to a course you took in school or a particular subject you’re interested in…think deep and don’t rush – there is something for everyone.

The trick is to not discount any idea as silly – if you like the idea of being able to do that particular thing for the rest of your life, then write it down and think about how it could become a sustainable business later.

3. Think about your strengths and weaknesses.

The ideal business or profession for you to get into would be one that you like doing and one that makes use of your strongest abilities, skills, or talents.

However, although you should consider them, your abilities, skills, or talents shouldn’t be your only consideration when choosing a business to get into.

That’s because there may be all sorts of things you’re good at that you don’t really like doing all that much. Also, there isn’t any ability, skill, or talent that you can’t develop if you really want to – it just depends on your willpower and determination.

Once you have made your list, start doing some research – are there any existing businesses out there that do what you want to do? Can you improve on what they offer (price, quality, quantity of what they are selling or providing)?

Once you have done your background information, you’ll be good to go.

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