When starting out on your entrepreneurial journey you have hundreds, if not thousands, of business options to choose from. It can be overwhelming to try to narrow down the type of business that’s best for you.
In Entrepreneurial Leap, I discuss the importance of determining which business options you’re drawn to. There are three main factors that will determine the business you ultimately choose.
- Type of Business
- Size of Business
In this article, we are going to focus on the first of those factors, Industry.
First Factor: Industry
An internet search of industries will produce a list of hundreds of industries available to you. To expand the scope of your imagination, go ahead and do a search. And to get your gears turning, below is a list of about fifty industries that I’ve worked with. Simply glancing over them will give you a sense of all the possibilities available to you.
Cell Phone Retailer
Real Estate Title Services
Retail Service Providers
Retirement Plans Software Development
Heating and Cooling (HVAC)
Home & Business Security
IT (Information Technology)
Real Estate Property Management
Third-Party Administrator (TPA)
Trucking Web Application Developer
As you can see, you can choose from many more options than just tech companies. In fact, most aren’t high tech, although you may decide to apply high-tech innovations to them.
Once you’ve narrowed down the industry that suits you, you’ll dig a level deeper because, within each industry, there are many different types of businesses. We will cover the different types of businesses in the next Leap Lesson.
Watch this video to learn how Steven Carse, CEO of King of Pops, found the inspiration for his business. You never know when or where passion will strike!
https://www.youtube.com/watch?v=pQyJZG6RG9A I wish I could rattle off 10 business ideas that you could start tomorrow and make a million dollars. I’m not that good, no