Best Small Business Opportunity – What would be the 3 Downsides of Your Best Small Business Opportunity Body
 
Perhaps, you are thinking of becoming an Entrepreneur and you are thinking of starting a business in Nigeria, brainstorming on small business ideas that will grow fast enough to earn you a profit without consuming all your working time and resources, maybe the way to go. Or you want to open a small business in Africa that will take off and start paying you profit while you sleep. The options are endless.

Here are 4 steps you can take to find the right small business ideas that will fit your needs, desires, and budget:

1. Make a list of all the reasons you want to open a business and identify the parts you feel are in your control. Then break them down to basic tasks. For example, if you want to open a hotel you need to choose an idea. Which is the name of your building? What area is going to be your lobby/clubhouse? Are you going to put a desk area or are you going to rent space? Who will run the hotel and how will you organize things? Are you going to have employees or what? Are you going to offer benefits and what will you offer in the way of benefits? And so forth.
2. For each task you feel is out of your control take a look at the alternatives and determine which ones you can afford and which ones you can’t. For example, if you feel like you cannot control the lobby area of your hotel, then it makes sense to find a building that has a lobby. But what if you think that part of your control is how many people are going to be in your lobby when you open your hotel? You could open your hotel at a time when there are fewer people and charge less.
3. Once you’ve identified what’s within your control and what’s beyond your control start narrowing your list down to three.
4. Once you’ve nailed down your three business ideas, then begin researching to find the best opportunity available.

Your Best Small Business Opportunity.

 

• Select a niche market that you love. That’s why you want to open a business. So you can hate it! Do something that you love! But, be very sure that it’s something that makes you money, otherwise you’ll end up doing something that doesn’t move you forward and you’ll be miserable doing it. For instance, I love the logistics industry, which is using your business to help others. However, I cannot open a business within the logistics industry due to whatever reasons, especially associated costs. So, I researched the best opportunity available to me and there is just nothing available that involves logistics and I love it. So, when I researched and narrowed my list down to my top 3 business ideas and I realized that my best small business opportunity is part time consulting with clients.
• The downside of my best small business opportunity is that I will not be making a million bucks right away. So, I have to start small and be prepared to learn all I can about business and how to run and profit from my business. According to Mark Twain, “the secret of getting ahead is getting started”.
• The upside is that I will make a nice residual income and make a nice living while I learn all I can about business.
• I will also be doing a very nice job for someone who knows how to run a hotel.

 
As you can see, the downside of the best small business opportunity is not what I want.
 
So in conclusion, if you’re seeking to make a million bucks, then find a niche that you love. The downside will be in the management side and in the money I spend on the business. But the upside more than makes up for that downside!