How Do You Choose what business to do?????

[KimC]

Hello forum,

I am 21, and know that I want to launch a business in the next 6-8 months. I've got a few ideas, one providing services and products to non profits and small businesses to help maximize their fundraising and brand marketing efforts through the internet, another initiating a very locally based resource for small business owners and entrepreneurs that I would replicate in difference cities, another creating an internet marketplace for affordable student art to be sold to businesses and homeowners....the "problem" is I'm an expert in none of these fields and don't know if I'm starting on the wrong foot by trying to build something in an industry i haven't mastered.

Over the years, I've worked with non-profits in different capacities, I've been engaged in media in different ways, I've been involved in the local art scene through artistically inclined acquaintances. I am, for all intents and purposes, a Jill of all trades. So, what criteria would you guys recommend I use to determine which business is best to pursue? How would you recommend I familiarize myself with the industry? How frequently do people start successful ventures in industries they had a limited knowledge base in, and how did they learn enough about their industry to be competitive once they launched their business?

Thanks!

-Kim

[hermenm]

Have you thought about an online business? To learn more about this and how to use the internet click on the link in my sig file or PM me.

[radreality]

Well first, you'll never be a master of anything. There is always something to learn, things costantly change over time. So if you wait until you master something, you will never get anything done.

It already sounds like you have some ideas so just do some R&D on those and see what happens. Do a Business Feasibility test on your ideas.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[EasyAutoSales]

You don't have to be a master at the various topics but you do have to love the topics. There's nothing worse than doing something you're not passionate about.