Indianapolis, IN (PressExposure) May 06, 2009 -- The best advice for finding a business idea is to do something you are good at and something people will pay you to do. Most importantly, you have to enjoy it - whether someone paid you or not. That's the true litmus test! Most of the time it is a hobby we enjoy doing and we are good at it, but for some reason we think people will NOT pay for our time and/or services, because the only 'value' is to us.
My friend, Janice*, played the piano for years - for FREE. She would volunteer every year at Christmas to play for Turner Broadcasting in Atlanta for 3 weeks to a month in the lobby of the office complex. Janice was broke and unhappy. She never asked for a dime.
I told her, she needed a fee-based contract. She informed me they would never pay her. She said, "who would pay ME to play the piano!" I shared with her, why not? What do you have to lose? Except, a gig that isn't paying you!! Furthermore, I explained, "you are broke, unhappy, AND you need an income. God has blessed you with a talent to provide for yourself." So she finally agreed.
We put together a contract requesting a fee for her services. She just knew her days of playing the piano were over!
She submitted the contract. To her surprise, they agreed to the rate of $100/HR!! Need I state, how this experience literally rocked her world!! This monumental event changed her entire perspective. It drastically altered her life!!! She now plays for dignitaries, politicians, business leaders, groups, and individuals all over Atlanta...for a fee of course. Janice continues to build her music empire. She just released her first music CD!!
The Four Part Test below list basic tips to help you narrow the range:
â¢ Can you enjoy the business? â¢ Can you manage the business? â¢ Can you earn from the business? â¢ Can you afford the business?
When you enjoy what you are doing and you do it with excellence - the money and success will follow.
I encourage people to do their homework before starting any business. How will you know what's right for you unless you try it. You can always do something else if it does not work - don't worry about the naysayers. They will always be a part of your life - trust me - even when you succeed. I do advise people if you are looking at a business and you are unsure of it - try it out for at least 30 days, a few months or a year.
For example; I will share with you one of my many business ideas. I wanted to start a beauty business. I got jobs working in the areas I enjoyed. I started working in a salon doing manicures & pedicures...It did not take me long to realize that was not for me! I then worked in a department store selling beauty products and doing mini-makeovers. I was getting warmer. Then I found a job working at Glamour Shots as a make-up artist. In addition, I had studied make-up in New York. Bingo! I found my calling!! As an artist, I enjoyed painting on people faces versus canvases, at that time. Presently, I am back to painting on canvas The purpose here is not be afraid to try out your ideas....If nothing else you can learn a lot about yourself.
If you try out new ideas at the expense of similar businesses the lost to you is time, and perhaps a lot of your "hard-earned" money. So it's best to do your homework a head of time. Many people start a business they know absolutely nothing about - it sounds like a good idea or my friend is doing it and she's making good money, but you try it and don't make a dime. The idea may not have been right for you. Chalk it up to experience, and move on.
The other scenario is work in a business that you would like to start or own one day. I tell people all the time you can't fool people if you don't know what you're talking about! People know when you don't know your stuff. Know your business. The more you know the more successful you will be and the less likely for a business failure.
In conclusion, so often in finding a business idea that you are good at starts in our childhood. As a child, the talent may have brought you a lot of joy and meaning. However, along the highways in life you may have forgotten it. For example; I met a man who was miserable in his current job. I asked him what was his childhood dream. He had a puzzled look on his face. He told me, it was to design buildings. It was a hobby something he loved and enjoyed! I asked, "What had stopped him from fulfilling his dream?" He explained a litany of challenges. But, you should have seen the look on his face when we worked out a plan to make it ALL happen. It was such an "Aha" moment!
*The information shared is an excerpt of "Miracle Business: The Art of Starting a Business with Little or No Money" by Ramona Clay
* Name changed to protect her identity