Choosing the right business or career for you is not something you take lightly. You should be in this for the long-haul and therefore you need to carefully look at your options. Here are 5 questions you can begin with to help you finalize your decision.
Question #1 - What do I enjoy doing?
Perhaps you’ve been in a career because others have said that it’s a good industry to be in. Or you want to start a business but you’re looking at something that’s been around for some time but you really don’t enjoy that type of work. In order for you to last in any market you need to love what you do because it’s that love that will keep you going through the tough times.
It’s the love and joy of doing what you do that will help you keep pressing forward to find solutions to obstacles and overcome setbacks. It’s what makes it all worth it at the end of the day besides the monetary reward that comes from it.
Question #2 - How can I be of best service to others?
Businesses thrive when they meet the needs of others. The more people that are looking for the solution you have to their problems the better off it is for your business or career. What have you done in the past that has helped others? How have you helped someone solve a problem he/she was having? How many other people are there that have the same problem and are actively looking for a solution for the problem that you’ve helped others solve in the past?
Question #3 - How profitable is this area of business?
Do your research to check for profitability in this area of business or career. Do a Google search for your industry niche. Search on Amazon to see how many books are on your topic and search your local bookstores as well. What specific topics are bestsellers? These are good indicators for the research groundwork already done by others.
Question #4 - Am I very knowledgeable in this area?
What knowledge do you have in the area of interest? Best option is to already have the knowledge needed to start your business or change your career. Second option would be to acquire the required knowledge needed to carry out your plan.
However, if both of these are not at your disposal for starting a business you can look at partnering with someone who already possesses this knowledge or experience that you’re lacking. It will shorten your learning curve as well as free up your time to focus on using your strengths towards growing your business.
Question #5 - Is this industry a fad or does it have longevity?
Some industries are evergreen. It doesn’t matter whether it was the 1600 or 2020, people will always desire to improve their lives, need food, shelter, clothing etc. Fads will come and go leaving you looking for something new to start over again. You must know if you are the type of person that’s always looking for the next ‘new’ thing. If you’re not you should be looking at an industry that’s more sustainable.
Keep in mind that even within a more sustainable industry you also have fads as well, such as the fashion industry. You must be aware when certain fashions are fads and will go through the phase to make way for something more practical or acceptable. Just be aware of the trends in your industry.
Want help deciding if starting a business is right for you or need help choosing a business or career? Why not schedule a Free 30-Minute No Obligation Self-Empowerment Session with me. You’ll gain clarity and have a better perspective on things.