What kind of business should an entrepreneur start

The kind of business you start has got to be something you like, because when you like what you are selling, advocating and talking about then you have full faith in your business and products. And this faith shows up in your marketing and communication.It also helps if the business you are dealing with is something that you can handle- something that you work with and that is not outside of your comfort zone.Furthermore, it helps if it is something that you can effortlessly talk about for 20+ minutes to people when giving a presentation.Lastly, it is probably best that your business is something that you can outsource and leverage using an existing system. Because you do not need to create the entire supply chain, but you can use arbitrage to get what you are after. Furthermore, by having as much leverage as possible, it frees up your time to grow the business and/or enjoy your free time. What I try to ask myself now is: what do I need in place so I can go off the grid for 4-48 weeks, and my business is still running itself?Question of the day: what kind of business are you working on now?My Answer: I am working on my personal brand, which is around 80%of my energy, where as another business of mine is 20% of my energy.Read more in my book: 101 Entrepreneur Mistakes & LessonsLearn more about me: https://www.nantchev.com/Subscribe to me on Youtube: youtube.com/nantchevFollow me on Instagram: https://www.instagram.com/adriannantchev/
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Published on August 07, 2017 16:27
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