How To Select The Perfect Home Based Business
How To Select The Perfect Home Based Business BB Lee (C)2005Remember your school days. The dreaded day when you took thestate wide career assessment test. A test that spanned severalhours? An exam to expose your strongest career interest. Andthen when you received the results you were surprised at theirfindings. You were detailed oriented and good with mechanical things. Oryou were an outdoor type and scientifically inclined. Thisultimately left you puzzled.Fast forward sever...
...al years. Job evaluation or career assessmentexams might cost several hundred dollars. But, listen veryclosely to this. I am going to let you in on a little secret.You will easily select the perfect business with the followingbrief business/career evaluation test.This article will show you an easy way to select the businessthat is right for you! One that perfectly matches your skills,background, and abilities. So grab a sheet of paper or open upyour text editor and let's get started!First, list all the business ideas that you are considering on asheet of paper in the order of your interest. Try to narrow yourlist down to about five choices or less. Now, list the idea that you are really crazy about first. Theidea that you like least in last place.Once you have your list of business ideas you will rate them ona scale of 0 to 3.0-none 1-less than average 2-average 3-above average Next, you will score each idea according to the followingcategories.Your Knowledge: What do you know about this business idea? Willyou need to seek further education or training. Will you need toconsult professionas? Rating: 0-no knowledge 1-some knowledge2-limited knowledge 3. working knowledgeExperience: Many people might have knowledge about an interestbut limited experience. Perhaps you know everything there is toknow about cars. But have you ever worked as a car mechanic? Oryou are a whiz at designing web sites but have you ever workedfor a web site developer? Rating: 0-no experience 1-indirectexperience 2-limited experience 3- familiar with the businessSkills: Concentrate on the skills that are essential to thatbusiness idea. To what extent do you have those skills. Will youneed to upgrade your skills to enter this field? Rating: 0-none1-limited skills 2-some skills 3 extensive skillsEntry: What will it cost you to enter this field? How about thecompetition? Is the market in your area filled with othersrunning this type of business? If you operate the business outof your home the cost will be much less than leasing a businessoffice or building. But if there are a few dozen operating thesame type of business in your local area your pool of customerswill be limited. Thus entry into this field might be verydifficult. Rating: 0-crowded field 1-limited entry 2-limitedcompetition 3-Unrestricted entryUnique: Are you providing the same service as others in yourcompeting area? Is there something that is different about yourservice or product? Are you providing something that others inyour area are not? For example if you are starting an autorepair service you might offer free car wash with service or adiscount. Or if you offer a web design service you might providesearch engine optimization along with free submission to topsearch engines. Rating: 0-Service widely available 1-Only a feware offering the service in your area. 2-One or two in your area3-None providing this service in your area.Chart Example Follows------------------------------------------------------------------ Biz Idea Knowledge Experience Skills Entry Unique =Total------------------------------------------------------------------ 1.------------------------------------------------------------------ 2.------------------------------------------------------------------ 3.------------------------------------------------------------------ 4.------------------------------------------------------------------ 5.------------------------------------------------------------------Now Tally up your scores in the right hand column. Which ideascored high? Great! Go for it! You now know the perfect homebusiness for YOU! And it only cost a few moments of selfevaluation. And ultimately might lead to life long profits. This article may be freely distributed and copied as long asbylines and resource box are included.----------------------------------------------------------------- - BB Lee is editor/publisher of SmallBizBits News! Visit formore free home based business advice and ideas!http://www.smallbizbitsnews.comNew Home Business Ideas Book Gives You What You Need To Select AProfitable Business! http://tinyurl.com/e3nmrSyndicate This Article. Add It To Your Web Site. AutomaticallyUpdated When Author Submits New Article.
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