8/24/2017

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What Type of Business Do You Want to Start?

When most of think about businesses, we usually think about big businesses, the fortune 500 companies like Kellogg's, Exxon, General Motors, Microsoft, Bank of America, K Mart, McDonalds, and others.

The reason we think of big business names is because they are the most visible. Big businesses advertise constantly, on the television, on the radio, in newspapers, magazines, on billboards, and on product containers used in our homes and in our everyday lives.

What we see over and over again is what we remember. But believe it or not, most business in this country is done through small to medium sized companies.

The names of most small businesses would not ring a bell in your mind but they are the businesses that you probably frequent most often.

Small businesses are what capitalism is all about because they keep the economy rolling along and they are the ones that recycle most of money in this country.

Without them, our country would probably go into a deep recession and even the bigger companies would suffer greatly without them.

Ask yourself these questions: Where did you stop for lunch today? Where did you get your hair cut or styled? Where did you take your clothes to have them cleaned. If your lawn was cut, who mowed it?

Who put the last roof on your house? Who baked your wedding cake? Who does your income taxes? Who cleaned your swimming pool? Where do your children go to pre-school?

The most probable answers to these questions are small businesses.

Small businesses range from, mom and pop establishments to businesses with up to one hundred employees or more. Medium sized companies may employ hundreds of workers.

As an entrepreneur, your main objective, when you first decide to start a business, is to determine what type of business you want to own and operate.

This is important because most of us usually decide on a business opportunity that we have some sort of affinity with. In other words, we look to a familiar product or to do something that we know how to do.

If you have experience in plumbing, you may want to start your own plumbing business or if you know electrical engineering, you may want to build electric motors or open a business as an electrician.

Do you know how to sew? If so, you may want to start a business making clothing, blankets or quilts, wedding dresses, prom dresses, or other fashions.

You may be good at sales and a business in Real Estate may be what the doctor ordered or even open a business in the loan origination or loan servicing business, escrows, or insurance underwriting.

The computer and the internet industry is a wide open field for small business entrepreneurs and like everything else, the opportunities in those fields are growing by leaps and bounds on a daily basis.

When we think of physicians, attorneys, engineers, and certified public accountants, we automatically think that they are big companies, but in reality, most are small business enterprises.

Those who have a knack for cooking may start a catering service or go into the restaurant business. Or, you may be good at the supply side of the food industry and that may be your business calling.

If you love growing things and you are good at it, farming or ranching may be a good business opportunity for you. Active farms and ranches are businesses that are located throughout the country.

These are just a few examples of business opportunities but there are literally thousands and thousands more.

The idea is to know what you are good at doing and tailor your business to your skills.

What you chose as your field of business, whether great or small, could have lasting results and rewards over your lifetime and even for your children, your grand children and even your great grandchildren.

You can never know what the future may bring for your business opportunity unless you give it a try.

About the author

John M. Roberts is the owner of John Roberts Realty located in Long Beach, California. You may contact him at jrobertsrealty@yahoo.com.

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