10 Tips To Help You Choose The Right Business - Using the Keyword...
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Using the Keyword Selector Tool, type in keywords for the businesses you are considering. How popular are those words? Are people already looking for what you can offer them? If your business will be an offline business, what is the need for what you can offer in your community? It is important to have this information before investing time and money. Mark off the items that are not popular, or are not determined to be needed.
5. With the potential businesses left on your list, work up an estimated cost to start and operate each one for the first three months. What is your budget? How much money can you afford to spend on your new business. Remember to add in costs for advertising. You should also consider the costs for your personal/living expenses if you do not have another source of income. Which businesses can you actually afford to start? Is financing an option? Mark the businesses that are no longer realistic off your list.
6. Make new lists for each of the businesses that remain on your list. You need to know what is required to start and operate each business. You need to know everything. What equipment will you need? How will you advertise the business? What space is needed? How much start up money will you need? What are you local and regional requirements for running a business from your home? How much money should each business realistically earn each year? Make a list of questions, and answer those questions for each of the businesses remaining on your list.
7. How much time are you willing to invest in your business? Look, realistically, at the time requirements for each potential business on your list. Are you willing to put in the required time?
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