Are you at a stage in your life where your health is being impacted by your work and you’d like to explore other income sources and businesses to create a happier and more content life?
What if you created a business that left you so happy and fulfilled you barely got depressed and anxious?
A business that fit around your life and gave you the time to do the things you love, and make money from the things you love.
If this resonates with you, your mission is now to discover and explore what you truly love.
What are you good at?
This is what you need to do to get started
1. Write a list of what you enjoy
2. Write a list of your strengths
3. Examine these lists and think about any business ideas that could be made from either or a combination of any
4. Conduct research into similar businesses and the market and pay available.
5. Consider if the time to pay ratio is appropriate. For example ten hours work for £5 is no good.
Okay you’ve done the first part. Time for a cup of tea and the next stages!
6. Consider how much time this business will need?
Can you lay it aside for a day or so if you’re having a bad day as long as you’re generally organised? This is a very key point. Is it a reasonable number of hours per week that you can manage?
To work around this I have created several small businesses. That way even if I let one lull, the other are either ticking along or need bare minimum doing to keep bringing an income in. I can do what I enjoy or feel like that day. I find that because I have the variation between the business, even on a bad day there isn’t something I don’t feel like doing. Some days I’m happier at the laptop. Other days I feel like sewing. I do what I feel like that day. On a good day I power through as much as possible to either catch up or get ahead. When I am on top of everything I find it less likely that I’ll have a bad day anyway.
7. Consider start up costs.
If you don’t have upfront capital can you change around the business model. For example why not buy materials after the order is placed? Or consider dropshopping. So we have the money upfront. I’ve started all the businesses with pretty much no investment, sure it’s slower potentially to get going, but if you don’t have the capital there’s no other way!
8. Next I would recommend checking out the legal side of your business.
For example we looked at selling teethers. However there’s quite a lot of EU legislation that’s quite complicated with costly testing. Now there’s a lot of Instagram handmade teething companies out there, and Facebook ones, and I’ll bet you most of these don’t have the relevant testing certificates. What would they do if a child choked on a part? To me that wasn’t worth the risk and it wasn’t a viable business as it was too complicated. Check out any necessary legislation and insurances etc, and make sure you can handle these.
9. If you have got to this point you are pretty much ready to go.
Now you will need to come up with a name, branding and your target audience. These are massive topics within themselves so I’m going to write up separate articles to assist with these asap. Subscribe at the top of page to ensure you get these updates.
10. Well done, you have your business!
Now all that’s left to do is decide on your selling platforms, for example the social media platforms, Facebook, Twitter, Instagram, and a website. I can highly recommend One.com, if you sign up using this link you will get £5 off so it will only cost you around £7 for the year for a website including the domain!! You can integrate WordPress within your site, they have a webshop facility, and their own web designer in there which is very simple to use. I use them for all my various businesses including this website! Note I also get a bonus if you sign up, but I’d recommend them anyway for ease of use and price!
The Key Thing To Remember
The absolute key thing is doing what you love and enjoy and what you’re good at to get the sense of fulfilment and happiness from each working day. The next consideration is choosing businesses that are profitable, but that will work around your particular mental health needs.
For example if sitting at a laptop stresses you out, but you love dogs and walking, don’t set up a Virtual Assistant business that’s all based online via your laptop, set up a dog walking business!
Get in touch!
I’d really love to hear from you! Has this been useful to you? Have you followed the steps and come up with a business? Please do drop me a comment below or contact me here!
I’m adding content to build up the site every few days so do come back soon for more information on setting up your business, I’m going to be offering free guides as well. You can subscribe at the top of the page!
Post by Hannah Thornton