How To Select The Perfect Home Based Business BB Lee (C)2005
Remember your school days. The dreaded day when you took the
state wide career assessment test. A test that spanned several
hours? An exam to expose your strongest career interest. And
then when you received the results you were surprised at their
findings.
You were detailed oriented and good with mechanical things. Or
you were an outdoor type and scientifically inclined. This
ultimately left you puzzled.
Fast forward several years. Job evaluation or career assessment
exams might cost several hundred dollars. But, listen very
closely to this. I am going to let you in on a little secret.
You will easily select the perfect business with the following
brief business/career evaluation test.
This article will show you an easy way to select the business
that is right for you! One that perfectly matches your skills,
background, and abilities. So grab a sheet of paper or open up
your text editor and let's get started!
First, list all the business ideas that you are considering on a
sheet of paper in the order of your interest. Try to narrow your
list down to about five choices or less.
Now, list the idea that you are really crazy about first. The
idea that you like least in last place.
Once you have your list of business ideas you will rate them on
a scale of 0 to 3.
0-none 1-less than average 2-average 3-above average
Next, you will score each idea according to the following
categories.
Your Knowledge: What do you know about this business idea? Will
you need to seek further education or training. Will you need to
consult professionas? Rating: 0-no knowledge 1-some knowledge
2-limited knowledge 3. working knowledge
Experience: Many people might have knowledge about an interest
but limited experience. Perhaps you know everything there is to
know about cars. But have you ever worked as a car mechanic? Or
you are a whiz at designing web sites but have you ever worked
for a web site developer? Rating: 0-no experience 1-indirect
experience 2-limited experience 3- familiar with the business
Skills: Concentrate on the skills that are essential to that
business idea. To what extent do you have those skills. Will you
need to upgrade your skills to enter this field? Rating: 0-none
1-limited skills 2-some skills 3 extensive skills
Entry: What will it cost you to enter this field? How about the
competition? Is the market in your area filled with others
running this type of business? If you operate the business out
of your home the cost will be much less than leasing a business
office or building. But if there are a few dozen operating the
same type of business in your local area your pool of customers
will be limited. Thus entry into this field might be very
difficult. Rating: 0-crowded field 1-limited entry 2-limited
competition 3-Unrestricted entry
Unique: Are you providing the same service as others in your
competing area? Is there something that is different about your
service or product? Are you providing something that others in
your area are not? For example if you are starting an auto
repair service you might offer free car wash with service or a
discount. Or if you offer a web design service you might provide
search engine optimization along with free submission to top
search engines. Rating: 0-Service widely available 1-Only a few
are offering the service in your area. 2-One or two in your area
3-None providing this service in your area.
Chart Example Follows
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- Biz Idea Knowledge Experience Skills Entry Unique =Total
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- 1.
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- 2.
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- 3.
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- 4.
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- 5.
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Now Tally up your scores in the right hand column. Which idea
scored high? Great! Go for it! You now know the perfect home
business for YOU! And it only cost a few moments of self
evaluation. And ultimately might lead to life long profits.
This article may be freely distributed and copied as long as
bylines and resource box are included.
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- BB Lee is editor/publisher of SmallBizBits News! Visit for
more free home based business advice and ideas!
http://www.smallbizbitsnews.com
New Home Business Ideas Book Gives You What You Need To Select A
Profitable Business!
http://tinyurl.com/e3nmr
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About the author:
BB Lee is editor and the publisher of SmallBizBits News. BB is
also a freelance writer who has been published in numerous
online and offline magazines.
