New Business Ideas

Most people still have the passions as adults that they had as children. If you are looking for a business, think back to something that you felt passionate about as a child. 

As a child, I liked animals a lot, and I still do. I also liked to explore and learn.  When the internet came about, I was able to combine my two passions and create an online store and several web sites about animals.  I can derive pleasure in working on my business even when the hours are long because I enjoy what I do.

I also agree to disagree, first of all if your job is your passion it soon will not be a passion it will be "a Job".  Passion should be left on those days you want to clear your head, sit back and read a good book (don't open a book store) or fish or work-out or paint.  Don't turn that into a job.  Now , should you enjoy what you do? Absolutely, but what I would suggest is to find a product or business that you believe fits your market or your climate.  Find one that you would use. Find a business that you wish could help you out when you need more time or want to spend less money.  Our inner consious is usually right when we don't like something.  How many times have you walked away thinking of how you would "fix the problem" if you owned the company.  Well consider that opportunity your next business not your next passion!

P.S.  My passion is coming home sitting on my back deck with my wife sharing a nice bottle of wine and talking about our next weekend getaway.  Trust me, I do not want that to be work.

 John L. Milano

john@centerpointemortgage.com

Sorry to have to disagree on one basic theory. The "discover your passion and the money will follow" theory to be precise.

Whatever business you have, there will be parts you love and parts you hate. Of course it's wonderful if you do have a passion, but for the right money I'll muck pig stalls all day long.

When I started our business over 4 years ago, I had no interest or knowledge of the industry at all. I had never bought the product, and didn't even know the basic terminology.

My reasoning went like this.

Is the industry growing?

Does the product have a high gross margin?

How much volume can I do in the amount of time I want to work?

Am I smart enough to systemize this business?

Is the industry about to be made irrelivant by new technology? If so, will the new tech be something I can offer?

There are lot's of other great questions, but I don't want to create a mile long post.

It's more important that you believe you will succeed at a business, than having a passion for the business. And while you can make money in a contracting industry, it feels like a life long recession. In an expanding industry, competition becomes less of a challenge because demand is so high.

Add these questions to your search and you will probably find the right opportunity right away.

Shem Isaac
www.Exciting-Windows.com

I chose an industry that was very different than the one I was leaving because I needed a new challenge.  While there were some basic similarities, I had to learn about the tea industry and, since I wanted to create our own blends, I had to learn that as well.  Initial advise I received was to remain in my field (since I knew it so well).  The problem was that it no longer held my interest and I had no passion for it.  I was not in a position to work for another tea company, but I connected with great importers/suppliers who were willing to teach me and answer questions. 

I chose tea for two reasons: 1) It fascinates me and 2) at the time I was writing the plan (late 90's) it was a $5.5 billion dollar industry in the US and growing. 

Do what you love and the money will follow. Those are not my words, but I cannot recall where I learned that concept. I firmly believe our company will accomplish what I see it doing in my mind's eye. I hope this helps!

Do something that you are passionate about, that will help keep your momentum going. 

 

Hi Kevin, amazing how there is nothing new under the sun, I remember the very same feeling crowding me. Truth is there are so many opportunities out there but I suggest that you take a look at what you are passionate about. Couple that with what you can do for people by providing it with a clear vision of how excellently you can do so. Make a plan and then act on it. Do what you do best, what you are passionate about and if you find that you are not ready to do what you really want to, take steps to empower yourself to succeed in it for the benefit of a purpose higher then self. You will succeed!