Are you sick of being stuck in the rat race? Maybe you want to quit your day job and start your own business, but don’t know where to start? If so, here are some ideas that might inspire you and give you some ideas.
Think about your passions and hobbies
Starting a business is an involved task, it will take up a lot of your time and energy. So it makes sense to go into something that you have a genuine interest and excitement about. If you already have a hobby or passion that could be adapted into a business then this is a fantastic place to start. Maybe you’re a keen baker, painter, crafter where you can make a tangible product to sell. Even hobbies like gardening can work, you could raise seedlings into starter plants to sell, or grow fruits and vegetables and make things like homemade jams, jellies and chutneys. Maybe you have an interest in fashion and clothing, you could buy and sell clothes for a profit, or if cars are your passion you could do the same with vehicles. If you’re an animal lover, you could even start a pet supplement or pet accessory company. You don’t have to be a qualified vet to run an animal based business like this.
Consider your experience and expertise
If you’ve worked for years in a certain industry and have lots of skills and experience, starting a business utilizing these could be the way to go. Maybe you’re a hairdresser or makeup artist but have only ever worked for others- could you go it alone? You might have always worked in marketing, accounting or IT. Instead of earning a living for others could you go freelance or establish your own company?
Think about when you found a gap in the market
Have you ever been looking to buy something specific and discovered after much searching that it simply didn’t exist? Maybe you were after a particular style of wedding invitation for your big day, or perhaps you wanted a specific style of baby clothes when your little ones were small. Maybe you were after a certain type of gift or card for a friend but couldn’t find anything quite right or at the right price point. If so, you’ve found a gap in the market! Depending on the skills and knowledge that you have, consider if this could be a viable option for you to pursue. Finding a gap in the market these days i s tricky, with so many businesses out there, pretty much every area is totally saturated. So if you’ve discovered a gap and can go into things with a specific niche you know isn’t being covered then you’re onto a win!