N
noblemchikezie
Guest
The activities and topics you are passionate about are a source of happiness and satisfaction in your life. They can also be transformed into a method to grow your income. The passions we're talking about here include hobbies, sports, partying, music, literature, movies, history, travel, investing, cars, monster trucks, or any other thing that you get excited about and spend time pursuing.
The activities that make you happy are a great place to start a new business. Most startups fail in the first year, primarily because the owners spend a lot of money getting it up and running and underestimate the time required to acquire customers, break even, and grow. When you start a personal business with your own time, based on activities you already love to do and relationships you already have, there is no need to invest a lot of money at the beginning. In fact, most personal passion businesses grow your income quickly and steadily from the first month.
The best place to start your new business to grow your income is at home. Don't go out and rent a large space in anticipation of customers streaming in. Focus on getting the word out using free and very cheap advertising (Craigslist, local ads, and tacking flyers and business cards to bulletin boards is a great start). You can also start a free blog and make that your online home until your revenues justify a full blown website.
Another trick is to start several niche-oriented but related businesses in sequence. For example, if you start a hair dressing business, you can also write an ebook on hair dressing, or even self-publish a hair dressing manual on Amazon. If you start a woodworking business in your garage, you can also become a specialty wood dealer and run it out of the same space. As you get one business running and have a few paying customers coming in, start another related business and repeat the process. If you know what to do, you can start a personal business out of your home in only one week! Later, you can hold on to the businesses that succeed and close the ones that don't, then do all the legal stuff like incorporating, filing business tax returns, etc. when the business can afford it.
The principle is simple: tap into your passions, create a business doing something you already love, keep startup costs low, and reap the rewards of your hard work!
The activities that make you happy are a great place to start a new business. Most startups fail in the first year, primarily because the owners spend a lot of money getting it up and running and underestimate the time required to acquire customers, break even, and grow. When you start a personal business with your own time, based on activities you already love to do and relationships you already have, there is no need to invest a lot of money at the beginning. In fact, most personal passion businesses grow your income quickly and steadily from the first month.
The best place to start your new business to grow your income is at home. Don't go out and rent a large space in anticipation of customers streaming in. Focus on getting the word out using free and very cheap advertising (Craigslist, local ads, and tacking flyers and business cards to bulletin boards is a great start). You can also start a free blog and make that your online home until your revenues justify a full blown website.
Another trick is to start several niche-oriented but related businesses in sequence. For example, if you start a hair dressing business, you can also write an ebook on hair dressing, or even self-publish a hair dressing manual on Amazon. If you start a woodworking business in your garage, you can also become a specialty wood dealer and run it out of the same space. As you get one business running and have a few paying customers coming in, start another related business and repeat the process. If you know what to do, you can start a personal business out of your home in only one week! Later, you can hold on to the businesses that succeed and close the ones that don't, then do all the legal stuff like incorporating, filing business tax returns, etc. when the business can afford it.
The principle is simple: tap into your passions, create a business doing something you already love, keep startup costs low, and reap the rewards of your hard work!
