John Heartfield On Small Business Menu

Permalink:

Can My Small Business Ideas Succeed?

(comments are closed)

This is one of the most common questions new clients ask me.

“You’ve heard so many business ideas. Do I have a good idea for a business?”

There’s a simple answer. You have a good business idea if:

1. You think you can do what your competition does and do it 95% percent better.
2. You absolutely love what you’ll be doing in your own business.

Example:

1. I know I can make cupcakes better than 95% percent of the bakeries in my demographic area.
2. I love baking cupcakes.

Forget about those business ideas of “being your own boss” or “making money” or “making your own hours.” You’ll quickly find out that’s nonsense.

Small business is usually a tough way to make a living.

However, if you love what you’ll be doing in your business and you’ve researched your competition and your customers, you have a good chance of succeeding.

One more thing. If any “expert” tells you that you don’t belong in business and you’re absolutely certain they’re wrong, you could be the type of owner who makes a small business succeed.

  • Hoyt Aikens

    Heya i am for the first time here. I came across this board and I find It really useful & it helped me out much. I hope to give something back and aid others like you aided me.

  • ecurtain_media

    My pleasure. I’ve been through the ups and downs of small business for almost twenty years ago. Business is definitely about learning from your mistakes and that’s what I hope to share here.