How much capital can you invest?
Ask yourself how much you'd be willing to shell out, without putting important family budget or personal savings at risk.
Pursue a business you're really passionate about
Go for a business that you really love. You'll fall in love with this over and over despite the hardships. And the learning part becomes much easier.
Make sure this will make other people's lives much easier and at the same time profitable.
Consider a franchise
Franchises are already established, but they are usually expensive.
Finally, They Buy the product, and Become a loyal customer.
Things to Consider
Starting a Business
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Test the waters
Don't just jump into doing a
business that you didn't even
know or research about.
Things to Avoid
Don't insist an idea that nobody wants
While it is right to invest on something you love, you have to be smart about it. Study if there is a market for such idea. There is no sense insisting your passion to a market that doesn’t exist.
Reaching for the stars
This is exactly why you have to dip your toes into the water before diving in. You might have a great and grand idea about a business but doing it is impossible. So don’t start!
Don’t jump into the bandwagon effect. Try to stand out and be noticed.
Choosing an idea that doesn’t stand out