Small Business Revitalization Blog

Want to start your own business but don't know where to start? Sometimes making the transition from corporate to your own business can feel very confusing. Here's a few tips on deciding what type of business will best suit you!

  + Be observant – take a notebook everywhere and jot down business ideas which interest you.
  + Read widely – www.smartcompany.com.au is a great place to start learning about different industries.
  + Go to seminars which offer business opportunities (often as low-cost start-ups).
  + Network with business people – identify their problems and solve them with a new business idea.
  + Talk to business brokers and read small business magazines to identify possible opportunities.

Two important tips:

Firstly, buyer beware – always thoroughly investigate the business opportunity you see in front of you.  Research, research, research!!  Also consider fit: what is it about your expertise, skills, abilities or mindset that can give you a competitive advantage?

Secondly, keep your ideal business firmly in mind. Banish any negative thoughts and work towards making yourself the right person to attract the right opportunity at the right time!  Achievement will come through commitment to your goal.

As James Lane Allen succinctly put it:  “The vision that you glorify in your mind, the ideal that you enthrone in your heart. This you will build your life by, and this you will become.”

Would you like some help in defining your business vision? Talk to a business coach who has been in this exact situation!