The
Business Idea - How to get started
Take a look at any business
around you. Whether it be on the Internet or the high
street, in most cases, that business started from nothing. Look
at Google for example – a simple business idea that has
grown to be one of the most successful businesses in the world.
In fact, Google now enjoys a turnover of millions of pounds
every day! That business idea came from nothing and was turned
into an online phenomenon.
The first step in finding the
right business idea is to ask yourself the following
questions:
1. What am I good at?
2. What do I enjoy doing?
3. What are my experiences?
Once you have the answers to the
above questions then your business idea won't be too far
behind.
One of the biggest mistakes
people make when considering which business to start up is that
they choose something they have absolutely no idea of. Generally
they get carried away with the thrill of 'running a business'
and this can be potentially damaging.
It is very important that you
carry out plenty of research before committing to your business
idea. How do you know that it will work? Are you sure there's a
market for your business idea? True entrepreneurs are usually
95% certain their idea will work before they commit time,
resources and finance to the project.
Your business idea is usually
right under your nose. Let me give you an example - Richard
McMunn is a successful Business entrepreneur who started his own
careers information website from his cellar in Maidstone, Kent
during 2005. When deciding upon the right business idea for him,
he started by asking the three questions which are listed above.
1. What was he good at?
Richard has served 17 years as a
Firefighter. During his time in this profession he had spent
plenty of time training other Firefighters and also sitting on
recruitment interview panels. Therefore, he had plenty of
experience in coaching, mentoring and interviewing skills.
2. What did he enjoy doing?
Richard was also a keen musician
and part time artist. He played the drums and piano and he also
enjoyed creating the off painting. At school he had achieved a B
grade GCSE in Art. Therefore, there was evidence to suggest that
Richard enjoyed being creative.
3. What were Richard's
experiences?
In general, Richard's experiences
centred around all of the above. He had a track record for being
driven, enthusiastic, determined, creative and persistent. All
of these qualities would help him to succeed at being an
entrepreneur.
So, armed with all of the above
information, Richard decided that his business idea would be to
create a careers information website that would help people to
achieve their goals..... and so How2become was born.
Richard McMunn is currently
appearing as part of the HSBC Business Knowledge Network. For
more information please click the image below.
To find out about how you can
work with Richard McMunn on your business idea
please click the banner below:
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entitled 'Business Advice and Tips' please click
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