Setting up a New Business: What Direction Should You Go In?
Looking to start your own business? There are so many benefits to being your own boss- you get to work on something that genuinely means something to you rather than being employed by someone else to bring their vision to life. You get to be creative and learn new skills, and if things go well you could earn far more than you ever did as an employee. But what direction should you go in? Here are three ideas.
Turn your career into a business
Turning a career into a business makes a lot of sense. You have years of valuable experience and knowledge from working for another company that you’re then able to utilise by starting up something of your own. Chances are you know what works and what doesn’t, you’ll have seen successes and failures throughout your career which you’re able to replicate or avoid when it comes to your own company. If you still have a lot of passion for what you do, but want to take it to the next level then this makes perfect sense. For example, of you’ve worked in construction since leaving school you have a clear understanding of how building sites work, you have all of the right training and health and safety knowledge. This then gives you the perfect foundation to build upon when it comes to setting up yourself. Start putting together your business plan, and invest in a site set-up kit by Bryson. If you’ve spent years working up the ladder in healthcare for example, setting up your own practice might be the dream, it could be your own salon if you’ve been working as a hairdresser or beautician. You don’t necessarily need loads of qualifications to make it work in many cases- if you’ve always worked as a cleaner for example then you could set up a cleaning company as you have the knowledge to train your own staff.
Start something from home
It’s incredible to think that this day in age, it’s perfectly possible to set up a business that earns you a full time living without even having to step foot out of the door. Maybe you have a medical condition that makes getting out of the house each day to work difficult, or maybe you have kids or other care commitments at home that you need to work around. Perhaps you’re just a bit of a homebody and prefer being at home- I’m sure many of us can relate to that! You could set up a business in writing, design or editing. You could start a baking business of a catering business from home. There are so many options to choose from, so have a think about the skills you have.
Follow your passions
Maybe you want to start a business because you’re fed up in what you currently do. If your work doesn’t inspire you or your career doesn’t feel authentic to you, it can cause you to feel unhappy in other areas of your life. Starting a business could be a great way to switch things up and try something new. Think about what your passions are and start there. Chances are you’ll need to start by gaining some education in that area or going on a course to give you some background understanding. But it could end up being one of the best things you ever did!