The Week Ender: Finding that Home Business Idea!

I received a great weekend question the other day, “How can I find a great home business idea for me?“. What I would do in these situations is get a pad of paper and a pencil – yes paper not my computer, that comes later – and sit by myself in a corner somewhere.

I start writing down what it is I’m interested in or passionate about, so for myself I write down things like diving, photography, traveling, boating, physics, computers, internet and stuff like that, not to forget small business. In my next step I try and find reasons, why I like this particular subject or activity, again write them down.

Next, I try to find out what my personal traits are, with the help of my family and friends, am I:

  • a good teacher,
  • a traveling person, like driving all day
  • do I thrive on new ideas,
  • and so on?

Now I combine the two, diving and teaching, I’m a bad teacher, so diving instructor is out – you get the idea. I may come up with some close ideas – but doing gardening everyday, no matter what someone payed me would be a definite NO-NO!

Somewhere down the line I get to small business and I can say:

  • I have had 30 years of small business experience;
  • I have had formal business education;
  • I’m passionate about small business;
  • I know I make and will make mistakes everyday, failure for me is just another way of learning;
  • I love listening to customers and their ideas about my business; I’m always surprised and learn something new;
  • mad about the inability of politicians to understand very small business;
  • sad about the accountants lack of a forward looking outlook in their profession;
  • know we are in trouble with our environment, and I would like to make a difference;
  • always loved high-tech, computers, software, my years as CEO of a leading ISP;
  • building a company from zero to tens of millions in turnover in just four years.

This is my personal list for my small business interest and after all that, what you get is WinWeb – my way of dealing with my passion and frustration about small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants – and it’s a great business!

The point I’m making here is, the answer to this question – Finding the right home or small business idea for you? – is within yourself. So spend some time with yourself over this weekend, find out what you like and what you are like, get some feedback from friends on how they see you, write it down. Then go though the permutations and I’m sure you will find a few ideas that will make your heart jump, when thinking about the possibilities – e-voila, your business ideas!

You need to have passion, interest, a love for change, and control your fear of failure. You noticed, I didn’t mention an MBA, lots of money or bookkeeping, marketing, IT, and law experience, these are “nice to have” items, but not essential, unless you are working in those fields of cause.

Like someone once said, when you are older,

“You don’t regret the things you did, you regret the things you didn’t do.”

At the beginning and the end of our life we are all the same, what makes the difference is the bit in the middle, making it exciting and interesting is something you have to do – nobody is going to do it for you. On second thoughts, my wife would possibly disagree, she keeps telling my that at least life with me isn’t boring. I think I will have to think about that this weekend.

Have a great weekend and an even better “middle bit”, Stefan.

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