start a small business in the UK

What Kind of Small Business Should You Start?

Last Monday, I gave you a few good reasons why you should start your own small business in the UK. Now that you’ve made that decision, this may be your next question: “What kind of business should I start?” Well, here’s some free small business advice I have for you.

What are you good at?

In other words, what are your skills? What sort of education do you have? What do you already have on you that you can use to make money? Let me give you some simple examples.

Let’s say you’re a good artist. That’s a skill. It’s something you can monetise. With that, you could set yourself up as a graphic designer. You could make logos for a price. You could make prints and sell them. You could also make shirt designs and sell them. It’s up to you.

free small business advice

 

Take your best skill and make money out of it.

Here’s another example. Suppose that you’ve worked in the IT industry for ten years, and now you’ve decided to start a small business. What experience did you get with that job? Are you a good programmer? Did you specialise in cybersecurity? Were you building lots of apps?



Take a moment to write down those skills you’ve gained. Then evaluate. Ask yourself, “which one of these did I do best?” If you can’t figure it out, ask your colleagues. Other people may know more about you than yourself.

Once you’ve identified your best skill, you can then figure out a way to earn from it. If you were good in app development, then make apps and sell them. Or offer to make custom apps for people who need them. If it’s cybersecurity, you could develop a personal online security system. Better yet, you could poise yourself to be a cybersecurity consultant.

free small business advice

 

In short, monetise your skills. That’s the best free small business advice you can get.

Makes sense, because making money out of something you’re not good at is a bad idea. It could even be why you want to quit your job! Remember that one reason for starting a small business? It’s a way to do more of the things that you’re passionate about.

So find that thing that you love to do, and earn money from it. That’s the first step, and it’s the most important step.

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Regards,

Peter

 

 

 

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What Kind of Small Business Should You Start?
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What Kind of Small Business Should You Start?
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Now that you've decided to start your own small business, this may be your next question: "What kind of business should I start?"
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Pete