How do Business Opportunities Take ShapeMillionaire Mindset
Can the ability to see a business opportunity be acquired? Where can you find ideas to pursue and how do you judge the commercial value of an idea? How do you determine which ideas present attractive business opportunities? What business idea will suit you best? Which fits best with your interest, past experiences, capabilities, life style aspirations, financial objectives and market needs?
The search for an idea, if you don’t already have one can be a bit difficult. In real life this step is rarely as systematic as small business literature would suggest. The processes that lead to the birth of an idea are complex and often are triggered by your subconscious; one day the light comes on. However the more deliberate you are in your search for a business opportunity; the more you will see that there is an abundance of ideas all around you from which to choose.
If you are searching for a fantastic new lifestyle, income stream and business that give you the freedom you crave, then you need to answer the following questions.
5 Considerations for Choosing a Business
When you know what you want you will be able to build the right business.
- Start with defining your lifestyle not the business.
- Ask yourself, what would you like to do today?
- Make sure passive revenue exceeds lifestyle needs.
- Are you doing what you love to do?
- Do you want to live globally?
1. Start with defining your lifestyle not the business.
Otherwise your business will overtake your lifestyle! Lifestyle determined will help steer you in what business to develop or how to approach the growth of your business. What is the vision of your ultimate lifestyle? What is it that you want to experience on a daily basis?
2. Ask yourself, what would you like to do today?
Wake up when you want? Make your own schedule? What do you want to do in the moment? Do you want to wear what you want? Set your own deadlines? Quit any project at any time? Disappear for any length of time with no effect on income? Wear a watch for curiosity only? Make sure to enjoy your life now, instead of always looking ahead at the finish line!! You lifestyle now should be the same as if you are retired now!
3. Make sure passive revenue exceeds lifestyle needs.
Do you want material things now, or invest and set yourself up for the future? To support spending habits you have to constantly generate revenue. Make your money work for you! Your goal is to live like an artist with a $50K a month trust fund. What are you doing to set yourself up for the future and make money while you are sleeping?
4. Are you doing what you love to do?
It is extremely important that you are working on projects that you are excited about, because that is when you will do your best work. Doing work that excites you improves your quality of life.
5. Do you want to live globally?
With the internet and available technology, one can operate a business anywhere without being confined by specific geographic boundaries. If this is what you want, you cannot get into businesses that require you to be in one place.
Examples of Business Opportunities: