Sunday, January 17, 2010

Business ideas for 2010? -

I m planning to start and run a small business preferably retail business for 2010. I had enough working with someone and wants to have more freedom in my career. Any business ideas that i could start for 2010? It doesn t have to be home business, low to moderate start up cost, and fair to high profit return.Serious answers only. thanks

If you like the idea of running a retail business then of course you would have to conduct market research, what is being very popular nowadays? who will you be competing against? how big is the group of people who might be interested in being your customers? what is selling crazy these days?how good is the location of your business?for me I d say it would be difficult to suggest any idea without any reference to your current position, but I can say that electronics are selling crazy these days.

Hi Phoc,Planning is key. In order to plan effectively, you must conduct some research. What do you need to provide your services? Who will you provide them to? Who are you competing against? What makes you better; gives you an edge ? How are you going to reach your prospects/potential clients? Answering these kinds of questions gives you a basis to begin a business plan.You can download my free research outline at www.abusinessmentor.comIt should certainly guide you in the right direction.Good Luck!

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