Excerpt from Rockford Register Start:

Question: I would like to start my own small business from home. What’s a good idea for such a business?

Answer: As you have stated your question, that can be a tough question and in any case we really need more information. Such as, first we should establish the “Why” of your purpose in wanting that business. It might be a part-time business, and those part-timers can be the “hobby” type or maybe just a supplemental income type. Maybe you are unhappy with your job and think this will be a good way out of that situation. Or maybe it’s full-time and for all the marbles, that’s is, to make your living expenses. So what’s your purpose? Why do you want to own a business? Is there timing a factor? And such initial questions can go on and on.

The most important things to consider include your experiences, any special education or specializing courses, all your business experiences, maybe your hobby (s), your interests, perhaps available mentors, and maybe last but not least your passion. Sometimes in business, all that carries you through to the next plateau is persistence and passion.

Some people have personalities that are more suited to a particular home business. For instance, some people fail at the selling part because of the difficulty in handling and accepting rejection. Some fail at the ability to cope with the variety and moods of their customers. Financial controls are difficult for others. So how does your personality fit with the foils of business? Not how would you like to have them fit but how will they fit?

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This entry was posted on Monday, February 19th, 2007 at 2:56 pm and is filed under Home Based Ideas, Small Business, Small Business Ideas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.