First, start a business doing whatever you are passionate about.
If you love writing, then start a freelance writing business or create an information-based website. If you are a neat freak and loves to organize, then consider a business organizing other people’s houses, or start a website dedicated to home organizing. The key is to determine whether there are good business opportunities for your passion, and identify how best to exploit these opportunities.
Second, start with the opportunities you have.
If someone you know is earning well on the Web and that person is willing to teach you, then this can be a great opportunity for you to start a Web-based business. Having someone to guide you in the right direction is an opportunity too hard to resist.
Third, start a business that you think has the best potential.
It may be a business that you know nothing about, but if you think that the business is where the action will be in the near future or that there is such potential in the business, you can certainly choose that path. It will not be easy, but you have to be willing to learn and be diligent in learning everything about the business. Buy books on how to start the business, visit websites or find out if any trade magazines are published and subscribe to them.
Fourth, build on what you’ve created.
You can start a business by developing and marketing your inventions. It will be more difficult, requires, and entails marketing and financial savvy. The key is to identify a need, and develop a product that would answer that need. With inventions, the marketability of the product is essential, especially if the product entails a high development cost. Someone must be willing to buy the product for an invention to succeed.