Finding Your Field of Success
1 Start In Your Field of Interest
Motivation is easier to find if you are working in your field of interest. So when coming up with a business idea, it is a good start to consider the things that you are personally interested with. For example, it is more likely that a computer store will be managed more correctly if its owner and managers are personally interested in computers. Also, an auto supply shop is more likely to be successful if its owner and managers have a passion for cars.
2 Work In Your Field of Qualification
Interest and passion should not be your only basis. You also have to ask yourself: do you have the qualifications to become a successful entrepreneur in that area? If you are planning to open an auto supply shop for example, you may ask yourself: do I know enough about cars? Do I have a vast knowledge on car parts and how they work? Of course, you can always hire people who are knowledgeable in the field. But it is better if you also have some know-how.
3 Work in a Field Where Resources Are Available
The continuity of a business is also partly dependent on the availability of resources. Successful entrepreneurs are very resourceful. Resources may include suppliers, service providers, utilities, and such. If you are planning to open a fruit store for example, you may ask yourself: do I have access to suppliers of fruits? Also, you have to analyze the supplier’s ability to supply. If you open a fruit store for example, it will be bad for your business if your supplier suddenly becomes unable to produce fruits. When that happens, you will have nothing to sell.
4 Work in a Field Where Talents Are Available
In a business, you are not the only person who will be involved. Certainly, you will hire some employees that will help you. In some businesses however, it is necessary that you find people of unique talents/expertise/degree. If you are going to open a salon for example, you will people with the following expertise: haircutting, hairdressing, makeup, manicure, pedicure, and others. So you need to ask yourself: do I have access to such individuals? Where can I find such people? Are they easily available where I will put up my business?
5 Do Business That People Will Go For
Businesses are organized for profit. In order to profit as a successful entrepreneur, you will have to offer something in return. But you must offer something that the people in your area will be willing to pay for. So you have to ask yourself: what services can I offer that the people in my area will be willing to avail? What products can I sell that the people in my area will be willing to buy?