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21 Replies Last post: Jan 8, 2008 2:46 PM by Ming24

Deciding what to do

Jan 8, 2008 11:35 AM

Click to view Ming24's profile Start-up Ming24 5 posts since
Jan 8, 2008
Hello everyone,

I am an aspiring entreprenuer. I know that I will not be working for someone else for the rest of my life. I am always reading and researching how to start a business.In fact, I just completed an entreprenuership course and I am taking a business plan course at the university I am attending(I am a full-time student as well as a full-time emplyee). I am having trouble deciding what to do. First, I thought of a personal training gym for children ( I have an extensive background in fitness) but I am not sure if children is the route I want to take. I am currently researching how to start an ebay store. I have even looked into the restaurant business. Bottom line, I need to decide soon, so that I can begin teh wonderful journey of owning a business. Help!...what can I do to narrow things down?
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Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
1. Re: Deciding what to do Jan 8, 2008 11:40 AM
Ming24,

I admire you for being a full time student and a full time employee. I have done that for many years myself. The first thing you need to understand is, a business venture takes a lot of time and commitment. You sound like you have a full load already, are you sure now is the time to proceed with your plans? You also are bouncing around with ideas that are VERY different from one another. Usually when somebody is trying to narrow down their business choice, they are usually in the same industry realm. That leads me to believe that you need to do a little bit more research on each particular industry and decide which will (a) make you happy (b) make you money (c) be a business that you are going to understand and have some form of a background in. I am not saying any of this to be mean, I have worked with many young entrepreneurs; usually they have a bit more ambition than I am seeing from your first post.

CC08
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
2. Re: Deciding what to do Jan 8, 2008 11:43 AM
Welcome to the community!

How about a business advisor?

SCORE offers free business assistance. www.score.net

There is a ton of resources and support for you in your business venture.

You might not always hear what you want to hear, but you will definitely hear what you need.

Click to view DomainDiva's profile Mogul DomainDiva 1,732 posts since
Oct 10, 2007
3. Re: Deciding what to do Jan 8, 2008 12:00 PM
Get some paper and a pen/pencil.

Start making a list of all your interests. Make another list of your PASSIONS. Then find your real passion and decide how you would use it to change the world.

Ignore the people that don't like the idea, and especially the ones that say 'you can't do that' or 'that's impossible'.
Click to view DomainDiva's profile Mogul DomainDiva 1,732 posts since
Oct 10, 2007
4. Re: Deciding what to do Jan 8, 2008 12:01 PM
in response to: intechspecial
Are you a score advisor as well? This tag line you posted usually belong to LUCKIEST.
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
5. Re: Deciding what to do Jan 8, 2008 12:04 PM
in response to: DomainDiva

What do you love to do when your not working?

Find something to do with this, and you are on the right path.

Welcome to the world of entrepreneurship!

Click to view DomainDiva's profile Mogul DomainDiva 1,732 posts since
Oct 10, 2007
6. Re: Deciding what to do Jan 8, 2008 12:06 PM
in response to: intechspecial
My business IS my Passion, What I do in my off hours has nothing to do with it. Who are you and where is intechspecial?
Click to view Ming24's profile Start-up Ming24 5 posts since
Jan 8, 2008
7. Re: Deciding what to do Jan 8, 2008 12:07 PM
in response to: CorpCons08

CorpCons08,

Thank you for replying. I certainly was not expecting it so quickly. I agree, I have a full load to deal with, but I do not think that this should stop me or anyone else from researching and networking, anything is possible, no matter the circumstance. I must comment on your misconception of me from my first post. The fact that a "young" aspiring entreprenuer joins a forum of this caliber, to seek out other peoples knowledge and experience in hopes of gaining valuable insight, is an ambitious thing to do.
I understand the businesses that I have researched are different, but I see potential in all of them. This is why I am here. I am not the first nor the last entreprenuer who has been presented with this issue. I am hoping to get responses from people who have experienced the same. Please, do not misinterpret me, I am not dismissing further comments from you.
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
8. Re: Deciding what to do Jan 8, 2008 12:11 PM
in response to: Ming24
Intechspecial is right here domain.

Why?
Click to view slavaret's profile Mogul slavaret 78 posts since
Oct 26, 2007
9. Re: Deciding what to do Jan 8, 2008 12:12 PM

I think not wanting to work for someone else is what motivates most people to go into business for themselves and the reason why most businesses fail. It's the wrong motivation.


I know. Been there myself. I never liked to work for someone else and always looked for a business opportunity but I did not find it until I finally found what I really like to do and a way to make money off of it.


I now work longer hours than ever but I don't even think about it as work because I simply do what I enjoy doing. When people I meet ask me what I do for a living I say: "Not much, just sit in front of the computer all day" - which what it boils down to, but that's what pays the bills and more.

Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
10. Re: Deciding what to do Jan 8, 2008 12:12 PM
in response to: intechspecial
I am not a SCORE advisor, just trying to help.
Click to view Ming24's profile Start-up Ming24 5 posts since
Jan 8, 2008
11. Re: Deciding what to do Jan 8, 2008 12:13 PM
in response to: DomainDiva
Hello,

Thank you for the advise. I will definately do that.The truth is, Ilike working with people. I like to listen and assist any way I can. By the way, I am not a SCORE advisor.
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
12. Re: Deciding what to do Jan 8, 2008 12:14 PM
in response to: slavaret

If it pays the bills and you enjoy what you are doing, why not?

I don't mind the long hours.

Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
13. Re: Deciding what to do Jan 8, 2008 12:15 PM
in response to: Ming24
Ming24,

Here is my suggestion to you.

(this is my drawing of a piece of paper... haha)

ebay Store |

Pros Cons |



Once you do this for each of the businesses you listed, then do the following.
Prepare a short plan of how you would approach this business.
For instance, if you are setting up an ebay store, where will you get your supplies, what will your shipping costs be, etc.

CC08
Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
14. Re: Deciding what to do Jan 8, 2008 12:15 PM
in response to: CorpCons08
My piece of paper didn't draw correctly.
:\

CC08
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