If starting a business is something you’re doing just to make money rather than because there’s something you want to do or try, compare what you’d make working at a full or part-time job to what you’ll make with your own business.
There are some businesses you might not feel comfortable starting:
Those that require a lot of physical strength or activity. If, for example, carrying heavy ladders and spending time at the top of them gives you pause, don’t be a window washer. If it doesn’t, then go for it.
Those that require you to learn a new skill. If the thought of learning to write grants sounds overwhelming, don’t be a grant writer. If, on the other hand, you’ve always wanted to try it….
Those that require you to commit to specific hours and spend more time on a daily basis than feels right for you, keep looking. Don’t start a business you know will take more time than you can comfortably devote.
Those that require more customers or clients than you can comfortably support. In this case, think through your product offering and determine how you can increase the services or price so you don’t need as many customers or clients.
Leah Ward-Lee, the author of "$1,000 Start-Ups", is a serial micro-entrepreneur. She opened her first business at ten after lobbying for and receiving a shoe shine kit for Christmas.
She pulled her wagon through the neighborhood, going door-to-door, offering to shine her neighbor’s shoes for twenty-five cents a pair. Once her wagon was full, she took the shoes home and polished them.
Unfortunately that business was short-lived. She hadn’t tagged the shoes and couldn’t remember whose shoes were whose, so her dad went with her to retrace the route until every pair was returned.
Since then she’s had businesses developing and teaching college courses, instructing aerobic classes, owning half a plane that was rented to a flight and maintenance school, and renting homes. She’s also owned a consignment store, a gift shop, a gift basket business, a consulting firm, hosted The Executive Toolbox (a weekly radio show), and a publishing company.
She also spent twenty years in the US Army, served as the Chief Information and Technical Officer for two major insurance companies, and has a second career as a management consultant.
Leah resides in Dallas, TX and on Amelia Island with Sammy and Goliath, her two rescue dogs.
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