Choosing your niche is one of the most critical decisions you will have to make about your business. The niche you choose can either make or break your business. If your topic is too general or popular you run the risk of taking on heavy competition for attention, on the other hand an obscure niche may not attract enough attention to generate any income for your business. Here are a few tried and true strategies to get started on the right path to choosing the right niche: #1 What Are You Passionate About? When contemplating a niche topic many experts recommend choosing a topic you are passionate about. Think about hobbies, interests, books you've read. Is there anything you loose yourself in for hours? Something that … [Read more...]
How To Choose Your Business Model
I love food. I love everything about it, eating it, smelling it, cooking it. For a very long time owning a restaurant was one of my most important dreams. I imagined myself loving every minute of it and living the life of my dreams. I even toured two top culinary schools and diligently set about deciding every aspect of my future restaurant. The next logical step was creating a business plan. Turns out my dream business looked better in my visions than on paper and int the real world. The large cash/financing requirement, the long hours, dealing with employees and the high-turn over rate just to name a few - it was a painful death to a long held dream. This is not to say that no one should go into the restaurant business - … [Read more...]
