Build a thing..

Some people choose to quit from job and decided to start a small business.  Quitting your job and spending your life savings to become an entrepreneur is no easy task, especially in today's turbulent economic environment.  In this classic high risk and high reward situation, you could stand to lose your principal and even end up in debt, but the rewards are boundless.  

People focus too much on the inspiration, having a good idea isn't much of an accomplishment.  You need the action and follow through, which involves the right people know how, money, resources and years of hard work.

Finding the right small business to meet your individual strength, needs, and goals has two components, there are:

1. What kind of business should you start?

Many people who want to start a small business have a pretty good idea of what type of business they want to own. But some only have a general idea, while others don't have any idea at all.

2.Should you buy an existing business or build a business from the ground up?

A business or franchise that's already operating can save time and sometimes money.

There are always three crucial up front decisions for anyone who starts a small business.  The first is whether to take the plunge at all.  the last is how to proceed on your new venture in terms of basic such as finance and lifestyle.  Here are the six important steps for choosing the right business:

1. Follow your passion

The advantages of following your passion are many. For one thing, if you truly believe in what you're marketing or selling, you'll stand a much better chance of making a sale.  and when tough times come and they will, you'll be much more likely to fight through them.

 2. Be real

While starting a business with your individual interest and expertise in mind is crucial, so is the necessity of making sure that this enterprise represents a concrete entrepreneurial opportunity.

3. Reckon with competition

Survey the landscape for established competition. Don't do it with one eye closed, either you really need to know if someone has beaten you to your brilliant idea or not.

4. Make a lifestyle choice

Make sure you choose a business that fits the kind of life you lead, or would like to lead.  If you enjoy being solitary, select something that allows you to work at home.  If you enjoy community activities and interacting with stranger, a retail operation of some sort might be for you.

5. Be aware of your risk profile
Your tolerance for adventure in new livelihood is an important component in choosing a business.  If you create a truly revolutionary concept, the upside of your business could be tremendous, but with the potential for success, the risk involved goes way up as well.

6. Use the internet
Use the internet to build your website, to promote your business.

Are you ready enough to starts?