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How to Turn Your Hobby into a Business

You know that thing that you love to do? The thing that you would do when you have some free time? That thing that you enjoy doing and you see time just fly away when you are doing it? What if you could make money doing it? You could join others who learned how to turn your hobby into a business.

What if the money you could make from your hobby was many times what you would make working a regular job? Many people are doing just that, right now, turning their hobbies into wealth-generating machines and having so much fun doing it.

Most people think that making an incredible income doing something you love so much is just not possible. Anything is possible if you know how to turn your hobby into a business.

You might have a hobby that you love to do in your free time, like archery, playing guitar, web site design, woodworking, painting, baking, interior design, landscaping, quilting, dog training, or horse riding, just to name a few.

Why don’t more people take the steps necessary to make a business out of their favorite hobbies? The two biggest reasons are fear and unworthiness. Mostly fear of failure and unworthiness, such as not feeling as though you are qualified enough, do not have a teaching certificate, not formally educated, or any of the other things your negative self is whispering in your ear.

Maybe that would dissuade the average Joe or Jane to avoid pursuing such a dream, but not you. You got this.

Start from the start and create a plan that will account for taking you from ground zero to where you want to ultimately be in your wildest dreams. Your plan should include a starting point where you provide your product or service in exchange for cash part-time. If you are going to self-finance make sure it includes a method of handling finances in such a way as to be able to continually expand your business so that you can serve more people.

And the end of your plan, include a vision of your hobby as a massively successful business, and what you are going to do with it. Will you sell it? Or pass it onto your heirs? Write it down.

Do not take this too seriously nor let the details keep you from moving forward. Your plan is not written in stone and is subject to change along the way.

Sell Your Product or Service

Your dream does not actually start until someone has paid you for our product or service. The first sale is the hardest, then it is downhill from there. If you are just getting started, you may have to offer a free trial to gain interest in your offering.

If you are selling a product, you will need to place some advertising in inexpensive classified ads or use Internet resources, such as online stores or social media.

This is when you start selling your product or service and grow your sales exponentially.

Manage Yourself

Essentially you are your own boss, and there is an incredible amount of freedom you can gain from being the boss of you but remember this is not a hobby anymore It is time to put your hand to the plow. No one is going to keep you accountable but yourself.

Make time to grow your hobby into a business even if it means getting up before the crack of dawn or working on your dream into the late hours of the night, if necessary.

Web Presence

If you are going to do business in today’s marketplace you need to have an online presence. This is the least expensive and most effective method to build your brand and identity. To start off, you will need a web site.

Go to GoDaddy and buy a (insert-name-of-your-hobby-business-name-with-no-spaces) dot com. Keep in mind that if your first choice is not available, GoDaddy will recommend alternatives to dot-coms. Don’t fall for it. Dot-coms are the preference, and people will type “.com” simply out of reflex, and you don’t want to send your traffic to someone else’s web site.

GoDaddy will give you a free limited website, which is good enough to get you started, or you can install and use a WordPress-powered website. They are easy to figure out, and they are nearly limitless in the things that you can do with them. If setting up your web site seems too complicated and you are not able to figure it out, you can find someone to do this for you.

People will need a way to find your contact information and the first place they look these days is online, so if you expect to be found by anyone you must be there.

Once you have your dot-com and basic website in place, you can expand into branded social media, like Facebook, Twitter, Instagram, and YouTube (yes, post videos about you and your product or service). These are the places where your audience is spending their time, and you can hang out there for free. Of course, advertising on these platforms is also an option.

Word of Mouth

The most truly organic method of promoting your business is word of mouth. That means as a new hobby-business owner you will need to get out there and talk about what you do. To effectively communicate what you do in any situation, you need to have your 30-second elevator speech down pat.

That means having a script that spells out your story in 80 to 90 words only. Your elevator pitch tells who you are, what you do, and why people need or want what you do in half-a-minute. Once you have this memorized you can maximize your exposure to anyone you come across in no time (well, in less than a minute).

Write it, memorize it, practice it, and change your elevator speech as often as necessary. Next, you will need to get out there, where your potential clients might be in the real world, and when you are not where your people might be, connect with other business owners, go to meetings where they are at, join associations and clubs, and get to know them.

You will be surprised by how supportive business owners to other business owners with whom they are acquainted. They can help you build your business from the inside out by giving advice, and may even participate in a promotional effort with you, if they like you (so please try to be likable). If you haven’t read it already, get and read the classic book, “How to win Friends & Influence People” by Dale Carnegie.

Be Diligent

Being diligent means you are taking this seriously. You are going to treat this business, even though it is based on a hobby, just like a real business. That means, doing the work, just as though someone else was paying you to do it. Even though you may not be being paid in the beginning you are building sweat equity which will allow you to reap financial rewards in the future.

This is how you will build your hobby into a business that will free you from your day job, or having to compromise your life by bowing down to an employer who doesn’t truly appreciate you and everything you could potentially give to the employer or the world.

Ince you have achieved a certain degree of success with your hobby, you may be looking for other opportunities to build other businesses as well.

It is Never Over

For most business owners, it is never over. One successful business is not satisfactory enough, plus you never know when the bottom might fall out of your hobby, and people just don’t want to do that anymore.

Diversification, having more than one business, will help protect you from the ups and downs of running a business, especially if you have a business that is seasonal. Having an anti-cyclical business as well, one that is also seasonal but is busy during the slow times of your hobby business is your key to true independence.

Keep doing your research, learning new skills, and expanding your knowledgebase.

 

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Succeed with Your New Startup Business Against the Odds

Some people are born with it, others need a little nudge to get them going. Either way, you are choosing to start clearing your own path to start a business, now, against all odds. Regardless of what it may look or feel like, you can stack the deck so that the cards are in your favor, so you can succeed with your new startup business against the odds.

7 Steps to Success Against the Odds

1. Have a Clear Vision

Start with a plan, and using your imagination, see your business at the height of success, of you were able to launch your business, and everything went your way, what would your business look like in five years? In ten years?

In the beginning, also have the end in mind. Will you sell your business and retire, start another one, pass it onto your heirs, or will you keep it to add to your growing portfolio of businesses?

Feel into the vision of the life of your business before you open for business, and document you’re doing so.

2. Know Your Why

This is the reason you are starting your business and why you are doing it now, and it has to be more than for money. Income is not enough of a why to get you through the tough times, and your why will be different than anyone else’s. What drives you to start a business against the odds?

Is it to provide for your family? To build a fortune to leave to your heirs? To help others who you feel compassionate towards? To break you and your family out of the trap of poverty? To make a stand against “the man” and to break free from wage-earning prison? To be an inspiration to others who doubt that breaking free is not possible for themselves?

Why? Make your why as powerful and you can, because the strength of your why will help empower you to push-though when the going gets rough. When you are face-to-face with what seems to be insurmountable circumstances, remember your why. This is how you succeed against the odds.

3. Personal Mission Statement

Once you know your why, you can craft your personal mission statement. Before you start creating your business mission statement and plan, start with you, your personal mission statement. Incorporate your vision, your why, and your core values. This defines you and helps you to make decisions based on what serves you and your highest and best. Let this define the kind of business owner you are and the kind of businessperson you want to be in the future.

4. Consider Failure

Understand that failure is a necessary component of success, therefore it is important not to look at failures in your business as failures but as invaluable information gathering data. Throughout your business journey, you will try things, like promotional campaigns, some will fail, so you examine them to find out what went wrong.

Do not look at failure as if it is were a single devastating final blow. If you get kicked off the horse, get back on quickly as possible, even if your business ends up not working out as you had planned, do the same thing. Look at every detail, extract the learning, and try something else.

Also, keeping an eye on the failures of others can help you learn from their mistakes (which doesn’t cost you anything) and figure out a better way to connect to your market.

When you do fail (and you will) fail forward.

5. Create a Team

It is hard to start your business venture from scratch, but you can help to support yourself, your vision, and your business by creating a team to launch in concert with. By having co-founders, you can have a camaraderie of cohorts to support you and give constructive criticism along the way. This can help ease the pain of those moments when things look less than optimistic. “We are doing this together” is more comforting than “I am doing this all by myself.”

Plus, having different perspectives to draw upon is invaluable, and masterminding with a group of supportive individuals can help you to access knowledge and inspiration that would not be accessible any other way.

6. Network with Businesspeople

Keeping your ear to the ground, you can hear or feel challenges as they are headed your way. Some of the obstacles that your business will be facing will also be coming to other types of businesses, or maybe they’ve already leaped over the hurdle and can help to prepare you for what is coming.

Join a group of business owners and/or entrepreneurs and participate in the meetings. This would be a good reason to join a local chamber of commerce, to network with other business owners. Many businesspeople join a Chamber of Commerce to make more money: Not the right motivation (plus, this is not a very good method to accomplish making more money), but the networking, connecting with other businesspeople is priceless.

7. Your Contribution

Looking at and maintaining the contribution of your business to your community, the greater community, and the world, is empowerment realized by you, your clients, and supporters. How are you giving, giving back, and helping to make the world a better place through your business efforts?

Are you offering employment opportunities, enriching the lives of participants, clients, and the recipients of your products and services?

How are you and your business impacting the world and the planet for future generations?

This is your legacy.

 

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Start Your Business with No Money

You have an award-winning idea, and you are ready to take the world by storm, but you are on a budget or you may have no budget. You could just turn your back and walk away from this moment of inspiration or you could pull yourself up and start your business with no money.

The first thing you might tell yourself is that this is impossible, “I can’t start my own business with no money.” That negative voice inside you has a point, but tell it this, “Half of all businesses that are funded with all the money in the world fail!” They crash and burn in a flaming heap, leaving behind only dust.

On the other hand, many businesses are started with very little financial means and explode into huge financial empires. Is there a risk in trying to start a business from scratch with no money? Certainly, but there is risk in starting any venture, or anything for that matter, that you have not tried before.

There is nothing wrong with starting out small. In fact, it is a great way to test your idea to see if it is feasible with the least amount of risk.

Let’s say you want to open a craft store. Start with your own handmade wares and sell them at work, to friends and family members. In this way, you can test your market and work some of the production bugs out of your process. Then, you can test your offerings in the world by placing your items for sale on Etsy and eBay, and if you fare well there, branch off with your own web site. In this way, you can prove your idea and self-fund your business as you go, reinvesting your own profits as you are working to opening your store and building your empire one step upon the other.

There you have it. It is happening every day, and you can apply this principle of starting out exceedingly small, testing out your market approach, working out the kinks, building one layer upon the other, reinvesting your profits, and continually moving to the next level, until you reach your intended destination.

Use Free Business Startup Resources Online

You would be surprised to find out how many free tools there are on the Internet that you can use to test and build your business.

Simply think about what you might need to get your business going, and instead of thinking that you need to have it in the real world, like hiring somebody, or buying equipment, think instead of ways you can apply these principles to your virtual business that you are building online look for resources that are free to use – and use them!

Almost everything is there. Use Facebook, Etsy, and eBay. Need a graphic artist for marketing materials? Check out Canva and do it yourself. And the stuff that it looks like there is just no way around having to pay for it? Trade for it. More surprises will appear as you open yourself to opportunities you did not even know were there for the asking.

And you will also be impressed with what people are willing to do to help you out for as little as $5.00 on fiverr.com.

Next, you have to focus on building your business for nearly nothing.

 

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You Have a Great Idea

“I got it!”

You have a great idea. What are you going to do about it? It is undoubtedly the best idea in the world. You could do what other people do, that is to file it away, hoping that someday someone who is capable will pick up your idea and make millions of dollars and give you a piece of the action (royalty money). If you do that, you can be pretty sure that you will have the same experience that others have had; which is to be watching TV or surfing the Internet to watch your idea or invention to be all over the media for sale. How does that make you feel?

Why does that happen?

Because if you do not follow through with your idea, the source of all ideas, which seeks to see these advancements given to the world, will find someone else who will proactively take it to the market and the world. The universe is ever-expanding and will not wait for you. If you don’t do it, someone else will.

What if you do?

If you are the recipient of an original idea or concept which has not been released, you have had a great gift bestowed upon you. If you get that, you do whatever you can to take your gift to market. So, you put your heart, soul, and everything into it. You cherish the idea, loving and caring for it as much as if it were a newborn child.

You answered the call, and you did everything you could, but you did not achieve the results you expected. It is your baby, and it does not make you feel very good to have your baby rejected by the world. Regardless, you have stepped out in faith and been faithful.

Why?

Rarely, if ever, do you hit it out of the park, the first time you swing the bat. Now, most people walk away dejected. They give up and never try to play again. They are disappointed and feel as though all their hopes and dreams were crushed in one fell swoop. And these people miss the real thing that is happening at this moment.

What is really happening?

The universe is so proud that you picked up the bat and took a swing at the ball that was lobbed over the base in your direction. The universe has another ball ready to throw to you as you are increasing your skills and readying for the next game. The universe is ready to take you to the next level. That is, unless you walked away from the first game and have sworn off playing ever again.

By staying in the game, you are rewarded. Either your original idea goes through a metamorphosis and emerges as an even better or idea, or it fails completely, and you are given an even better idea for your next game.

The moral of the story?

You are given a calling and purpose in life. You may be afraid, but you have been gifted an opportunity to reach out and make a big move. You may accept the gift and do something with it, or not, walk away and let it go to someone else. No judgment here. No one will blame you. We are all doing the best we can with what we have. If you accept the challenge, know this may not be your homerun but your efforts will be rewarded if you are diligent and hang in there. Prepare yourself for the journey as well as possible, keep a focused eye on all the details, and track everything. This information will be invaluable as you press on.

And keep on keeping on.

 

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Want to Start a Business but Fear the Taxman?

What keeps holding you back from starting your own business? If you are like many wage-earners, you may want to start a business but fear the taxman. Many people have a fear of business taxes and the IRS. And who would blame you? You have probably heard horror stories of businesspeople getting destroyed by the taxman and the IRS.

These stories are extreme examples of people who are using their businesses as a method of defrauding the government. Most business people do not use their businesses to engage in tax fraud. As long as that is not your intention, I wouldn’t worry about it.

In fact, you will pay far less to the government – legally – by having your own business, in comparison to what you pay as an average wage-earner. As an American wage-earner, you are paying an average of 28% of your income in taxes.

Trump Doesn’t Pay Taxes

I remember when Donald Trump was running for office, and he was asked how much he paid in taxes? His answer was something like, “I don’t pay taxes. I take advantage of all the benefits of conducting legal business in the United States and maximize tax credits for doing so.” (Editorial note: Even though this statement is in quotes, it is the author’s paraphrase.) During his campaign, many people were appalled that someone running for the highest office in the USA would admit (or even brag) about not paying taxes. Others, on the other hand, applauded him for his business savvy.

Pay Less in Taxes

Paying less in taxes is a real thing for business owners, which you may be one day soon.

If you are an average wage-earner, you are having taxes taken out of your check from the get-go, which means you are restricted from using this portion of your earnings for anything but your taxes. As a business owner, you can use these dollars to increase your tax savings throughout the year, because you are now entitled to various tax write-offs that you would not be entitled to as a simple wage-earner.

Business Tax Deductions

Even if your business is not effectively making a profit, you could be saving enough in taxes to plausibly pay zero in taxes by taking advantage of business tax deductions, which is a huge benefit to your fiscal outlook.

Transportation

Some examples of expenses you can write off against taxes include a percentage of your transportation costs, like gas and petroleum products, a portion of your housing costs can be written off, especially if you are working from home, which can account for about 20% of your living expenses, like rent, mortgage, and utility (electricity, gas, communications, everything but television) costs.

Food and Entertainment

I love having business meetings at restaurants. Keep business notes and receipts and deduct the expense of dining. Even though the IRS only allows you to write off 50% for business-related meals and entertainment, you are still ahead of the game if you are already going out occasionally.

Vacation and Travel

Vacations cannot be expensed as a tax write off, that is, unless the trip is business-related. If you can schedule your trip around a conference or trade show, you can write off a great deal of the vacation (I think the average is about 75% if you plan it right).

Household Furnishings

It is generally accepted that 15% of your household furnishings, including major appliances, can be deducted at a rate of 15% of what you spend here.

Equipment

Equipment, like computers, can be deducted, though if you use the same equipment personally, then you will likely only be able to deduct about 15% of your expenses here.

You can see, that if you were frightened about tax exposure for running a business, you can see that there should be no problem and it is highly likely that documenting and expensing out much of what is already your standard overhead, you will come for ahead by staring your own business.

Do have a bookkeeper/accountant on-board and double-check what you can write off and how to go about it safely and securely. You do not need a full-time accountant, just check around your local area, and find one that you can simply pay as you go and write off this expense as well.

You can see how easy it could be to end up owing no taxes at all, just like Trump.

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Does Starting a Business Sound Stressful?

Starting and running your own business can be stressful. You can reduce the stress by educating yourself about your business in advance. Learn about your market; what products they are currently buying? What are the weakest links in your target market? How can you, your product, or service fill in the gaps in the market? What skills and abilities will the need to make it happen?

Does Starting a Business Sound Stressful?

Isn’t it stressful to be working for someone looking over you, and managing you to get you to meet their expectations?

I would gladly trade the stress of socially acceptable slavery for the stress associated with starting a new business from scratch any day. Plus, doing so, gives you the possibility of achieving a level of freedom that could never be accomplished working from someone else.

But I Love My Job

You may love your job. It is doing a good job of taking care of you and your family, good enough, anyway. You feel like there is challenge and room for growth and expansion with the company. You can imagine feeling fulfilled for life or at least until retirement. That is, until your company is bought out and you are forced to prove to yourself worthy of your job, or worse yet, you come into work and are greeted with a pink slip. How do you like your job now?

You are Worth 5-times What You are Being Paid

The good news is, there is a good chance that you can still do all the things you love about your job working for your own company for five-times what you are being paid to do your job now. (Did you catch that?) If the company that you are working for is successful, they operate on a profit and loss formula, which dictates that every employee must have a value of five-times their pay, in order for them to survive.  So, you could easily start your own business and charge two-and-a-half times what you are being paid now, and still be a bargain.

Can be Scary

Granted there may be fear associated with starting your own business because you have never thought of it before or you thought the idea of stepping into entrepreneurship was too far out of reach. I hope it helps to ease your mind, that right now is the best time to start a business of your own. In fact, more people are starting new businesses now, more than at any other time in history.

10% America Staring New Businesses Now

Ten percent of the workforce in America started new businesses last year, and there is no slowdown now. It’s like today is the new frontier.

Of course, you will have doubts about your ability to pull this off, as anybody, even the most experienced serial entrepreneurs, have doubts, but they do what is necessary regardless of what they feel. Even if you just charge ahead, it is good to do what you can to manage your efforts effectively by getting the maximum results from the least expense of cash or energy. By managing your energy exertion in your business building efforts, you can minimize your potential for unnecessary stress or burnout.

Self-promotion

You will need to promote yourself and your business to increase your success rate. Many people are afraid of sounding like a salesperson (probably because they don’t like salespeople). There’s a good chance that if you don’t like salespeople, you were probably the victim of a predatory salesperson who took advantage of you. You will have to get over that and let it go. Just because you have had a bad experience doesn’t make you a predator. You can promote yourself and your business with integrity. Don’t worry, staring and promoting your business will not turn you into a snake in the grass.

If you think about it, you have been selling and promoting your whole life. You have been promoting the company you work for, you have sold people on how to think of you as a person. If you are a religious person, or a member of any group or affiliation, you have probably presented them in the best light. If you are in a relationship, it is likely it took some salesmanship on your part to close the deal on that one. These are also considered sales, marketing, and promotion efforts, where you are already experienced in.

Believe

The more you believe in your own products and services, the easier your sales, marketing, and promotions will be. You can also find inspiration in believing that you are actively doing something good for others or in making the world a better place.

This is your time to shine and be all that you can be.

Spread your wings and fly to be free.

 

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How to Turn What You Love into Cash

You have a good idea what you love to do, but how do you turn what you love into a cash machine?

First off, do not let yourself brush this project aside because it sounds ridiculous or too good to be true. I have seen so many people turn the things they love into successful businesses, things that you would have never imagined would turn into successful business ventures. So, hang in there.

And don’t forget the job market that already exists. If there is something that you love to do, there is a good chance that there is someone else out there getting paid to do it, who probably doesn’t even like doing it. That is another opportunity for you either as an entrepreneur or as an employee.

You would be so much better performing that thing than anyone else who thought they were just doing a job for someone else’s business. You could get that job or start a business that provides this service to other companies.

There’s nothing wrong with getting paid to do what you love to do, while working for someone else, but consider this: If you are doing what you love for someone else, your employer is making five-times what you are getting paid off of the work that you do. By starting your own business, you can easily double your income by offering your services to others.

How to Turn What You Love into Cash

Take the leap: Create your own dream job by starting your own business offering your unique skill, service, talent, gift, or teach others to do what you love to do.

If you were to take a look at the most successful people in the world, you would find them doing what they love, and enjoying every moment of it, while watching their bank accounts grow exponentially.

You could be doing the same thing, too.

If you have no experience in running your own business, do not worry. You can stick your toe in the entrepreneurial water to give it a try inexpensively with little or no risk. In fact, this is the preferred method of trying out your idea on others before making the big leap.

You don’t need a license to do business under your own name, so just use it to test your idea out before you get distracted by the business if doing business. Just keep track of your income and expenses while you are testing the waters.

Your primary goal is to present your idea to someone and to get someone – anyone – to pay you any amount of money to do what you would like others to pay you for, which would be the focus of your business venture. This is how you vet your business idea.

While vetting your business idea, spend as little as possible advertising your service. Use community bulletin boards, leave flyers in offices, place small, classified ads, use craigslist.org, advertise on Facebook marketplace, you get the idea. Get free business cards (yes, free business cards are a thing… Google it). Make phone calls to businesses or individuals who might be likely candidates for your services(s). Spend very little and the idea is only to get one paying client before you proceed.

If you are unable to get someone to pay for your service, put this idea on the back burner and try the next idea.

If you have a paid client, you are to perform the service and request that your client gives you a positive review of your performance. With this/these review(s) in hand, you are ready for the next step.

 

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Do What You Love and the Money Will Follow

You have heard that phrase, “Do what you love, and the money will follow,” and it might make you wonder, “What does that even mean?” and if you could understand it, “Could it apply to me?” It may mean more to you now, more than ever. This year has brought us the most business startups than ever, and yours might be the next one to make its debut.

If you do it right, you can stack the deck in your favor and enjoy making a successful venture based on doing the things that you love to do. The things that love more than anything and enjoy yourself immensely while people are paying you handsomely to do it.

So many people (millions of them) are taking this opportunity of being on unemployment, or just being unemployed, or unemployable, to start their own businesses based on their passions, gifts, and special abilities.

Can you imagine, doing what you love and being able, not only to get paid for doing it, but possibly making even more that you might ever make working for someone else? What an incredible way to finance yourself and/or your family. Right?

This is better than winning the lottery. Most people who win the lottery are broke not long after the win, but not you. If you convert your passion to an income-generating machine, the money keeps coming in month after month.

Regardless, if you are like the rest of us, you have been told that you were never destined to be a business owner, now is the time to let go of that dark programming, reignite the passion that you may have denied yourself in the past, and start to see the world of opportunities that is all around you, right now.

You came to this planet with a distinct purpose, mission, passion, and message to share with the world. Even though the societal engineers of the industrial age would like you to believe that your only function was to work for someone else.

On the other hand, you have heard of those incredible rags to riches stories where someone with minimal skills, talent, and. or financial resources breaks through the barrier from ordinary life to join the rank of the “one percent.” Could you be one of them?

One thing is for sure, if you do not try, you will not be one of them.

What do you love?

Make a list of all the things you love to do, those things that when you are doing them, time just slips away. What activities did you get lost in when you were a child? Might you like to do them now?

Do you look up to someone? Anyone? What do they do for fun? Would you like to do that? If so, add it to your list.

Has anyone ever told you that you were particularly good at something? Did it seem so natural to you, that it did not seem noteworthy or magical to you (but it did for others)? Write it down.

Are people attracted to you and ask you to help them? Is there a particular theme that resonates throughout their requests for assistance? If so, that’s a clue.

After a few days of creating this list of “My Favorite Things,” go through them and rate them on a scale of 1 to 10, with ten being that you would love doing the most.

Next, you will have to figure out how to turn what you love into cash.

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How to Start Your Own Business

With millions of new startups during the pandemic, shouldn’t your new business be one of them? What kind of business would you open? Certainly, one that fits into the new economy, one with low overhead that you could start from home and take advantage of outsourcing any of the services you need to launch your new startup.

Today, you do not need a lot of capital to get your new business started and you can take advantage of all the digital and online support services to support your new endeavor.

Where are your passions? What are those things that you love to do more than anything? What are the activities, that when you do them, time just passes by? Next thing you know, hours have passed by, and it seemed like only minutes. That is when you and “in the zone,” when your passion is engaged, and this – if you could manage to find a way to get people to pay you for it – is the sweet spot of your entrepreneurial future.

Business opportunities come and go and markets shift and change over time which causes stress on any business, but if you are engaged in a business that you are extremely passionate about, you will have the wherewithal to sustain any bumps in the road for expanded survivability.

If you are going to get into the marketplace of the new emerging economy, you need to determine to the best of your ability, what would be the best investment for you to consider? Will you launch your new business based on goods or services?

Will you be selling a product that you manufacture or buy wholesale? Can you sell digital information? Can you provide services that can either be performed as labor or be delivered digitally?

Home Manufacture

Current examples include making and selling customized masks would be manufacturing.

Wholesale / Retail

If you buy something to resell, that would be buying at wholesale (low-priced or factory-direct) and selling it retail or for a higher price and you pocket the difference.

Digital Information

Could include anything from sharing your family recipes to how-to manuals in digital format, live-streaming demonstrations, or online training.

Regardless of how you decide to structure your business, try to make sure it is something that excites you, something that you are passionate about.

Your Business Name

Next, you will need a name. Your business name should be about your brand, and people should be able to figure out what you do by just hearing or reading the name of your company. If you are an individual providing a service, you could use your name, especially if you have somewhat of a following where people associate your name with what you do, like John Q. Public Accountant.

Do not decide on a name until you have been able to secure the dot-com for your business name, which you can get for less than $15.00. For example, if you want to call your business AAA Plumbing, and aaaplumbing.com is already taken, keep searching for variations of dot-com names, until you can find one that fits, and name your company that. So, if you were able to get aaasupremeplumbing.com and you felt like that would be a good brand for you, then get the dot-com, then register your business name (AAA Supreme Plumbing) with your local and state agencies.

Web Site

Hooking up a preliminary web site to your domain name would be the next thing you would want to do.  The website need not be extravagant, mostly an online business card which establishes your brand, and gives your potential online clientele a way to find out about you and contact you on the world wide web. A basic web site will run about $20 a month or less.

Physical Products

If you are selling a physical product, one that you package and ship, think about this: You could have Amazon, promote, sell, package, and ship your products for you by participating in their FBA (Fulfillment By Amazon) program. You package and ship your products to one of their warehouses, and they take care of the rest.

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Now is the Time to Start Your Own Business

Maybe now is the time that you took your own survival into your own hands. At any other time, it might have been too frightening a concept to consider starting your own business, but now may be the best time ever, as more people are starting their own businesses than ever before in history.

If you have been waiting for a sign, here it is:

Now is the Time to Start Your Own Business

And it makes sense, when faced with the growing seriousness of the pandemic, people are either content with telecommuting or not, and others are tired of resigning themselves to unemployment, so they are taking matters into their hands.

If in the new economy, you are going to be working from home, you might as well consider working for yourself, right? Be your own boss. No one else’s arse to kiss. The buck stops with you.

It is time to put yourself in the driver’s seat.

Of course, you are concerned about not knowing how much revenue you will be able to accrue in your own venture, it is uncertain, but you could make far more working for yourself than working for someone else. And think of the advantages of not having someone tell you what to do “or else.”

Almost immediately, if you have never thought about going into business for yourself, you will start to talk yourself out of the idea, thinking thoughts of unworthiness, “but I don’t have an MBA,” or other negative self-talk designed to keep you from exerting your right to independence. Do not let that hold you back.

Millions of Americans are starting new businesses right now, and half of them have no experience whatsoever.

Or you might think that you do not have what it takes, like the investment seed capital to start your business. That should not stop you either, because there are so many businesses that you can start with little or no investment, especially if you take advantage of digital and business support services to help you pick up the slack in running your own venture.

Right now, we are seeing that the businesses that are thriving are those with little or no overhead. Brick and mortar businesses are cashing in their leases and embracing online technologies, and your new business could be one of them.

The key is finding the right marketable product, skill, or service that is something that feels so good to you, that pursuing a self-made career in that thing would not even appear to be like work at all. Ideally, your business venture would be something that you are really passionate about as you share it with others and rake in the cash for doing so.

You came to this planet with a unique set of skills and abilities. Now is the time to embrace the gifts God gave you and let others pay you for doing so. This is the way life was meant to be lived, each one of us fulfilling our own destiny. Industry has tried to make us believe that there is nothing to look forward to other than trying to get a good education and a good job (and they have done a really good job of that over the last 150 years, but we’re not taking it anymore).