How to Start a New Business on Your Own

Deciding What Type of Business to Start

When deciding what career would be the best fit for you, there are four different brainstorming steps you can follow.

1. Write

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Find out who you are. Start brainstorming ideas about possible business opportunities and jot them down. Write out or update your resume to see if you get any ideas based on your experience or your skills. Do some research about types of jobs online. O*NET (www.onetonline.org) is a great website with information you can discover about careers.

2. Read

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Come up with a few ideas for your new start up business. Then research anything and everything about starting your own business. The internet has many sources that are helpful. 

3. Explore

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A lot of new businesses don't survive in the long run. To make sure your new business takes off, you should interview people who have started their own companies and are successful. Find out the skills and knowledge you will need, and see if those skills match the ones you have. Find out what you need to work on and improve those skills or you can find someone who has the skills needed and hire them to work for you.

4. Get Feedback

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Ask close friends and family what they think of your ideas. Ask someone who knows you well and who will be honest with you.

Then determine if you should move forward with your goal of starting a new business. There's a lot of work in launching your own company, but the payoff and rewards are numerous. All that success will be yours if your company takes off.

Bolles, Richard N. "Chapter 11 How to Start Your Own Business." What Color Is Your Parachute? A Practical Manual for Job-Hunters and Career-Changers. 2016 ed. Ten Speed, 2015. 249-262. Print.