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business
YashTop Contributor
Content Writer
Asked a question last year

What kind of business should I start?

Where am I?

In StartupTalky you can ask and answer questions and share your experience with others!

A business that

  • You are passionate about
  • Doesn’t take a kazillion dollars to fund
  • Has the potential to grow into something big in a reasonable time frame
  • You have some experience in avoiding the problem of you don’t know what you don’t know.
  • You would enjoy doing don’t build a business that you will dread going to everyday
  • One that can cause meaningful improvement in users lives

Today, thousands of people are planning  starting their own venture , and for good reasons. On average, people can expect to have two and three careers during their work life. Those leaving one career often think about their second or third career move being one they can run out of their own home. The good news: Starting a home-based business is within the reach of almost anyone who wants to take a risk and work hard, as are a plethora of other low-cost ideas.

  1. Think about the special experience you possess that could convert to deman
  2.  Make a list of things you are passionate about.
  3. Think about problems that could be solved profitably.
  4. Envision the life you’d like to be living five years from now.
  5. Start brainstorming business ideas that are hospitable to starting off as satellites to your day job.
  6. Test your potential business with a soft launch to gauge interest levels.
Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer

Starting the business require complete research work, from market to monetary.

So this possess some boundaries which include knowledge of your product, knowledge of your market etc and for that one should have a thorough knowledge of that market in which he or she is trying to do business.

Although in today's time is quite possible for anyone to get the knowledge of the market and how the market going to react when there is some up and downs in it.

  1. Find a loophole in the niche market and try to cover up with your product.
  2. If you are completely new for that market just try to study it, make notes and do some research work.
  3. Come up with the product with suitable pricing and benefits that will help you gain confidence in the market.
  4. Advertise and make your brand recognised.

Also it is not always possible to get the idea for the what kind of business one should start but with clear approach and thorough research one can start his/her business.