Step 1: Personal evaluation.
Begin by taking stock of yourself and your situation. Why do you want to start a business? Is it money, freedom, creativity, or some other reason? What skills do you have? What industries do you know about? Would you want to provide a service or a product? What do you like to do? How much capital do you have to risk? Will it be a full-time or a part-time venture? Your answers to these types of questions will help you narrow your focus and pick a business.
Maybe you don’t know what kind of business fits your goals. If that’s the case, there are many places to get business ideas. Look through the Yellow Pages. Go to trade shows. Buy industry magazines. Check in with the Small Business Association. Read the business section of the newspaper.
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