Once you have a small money pot, either from spare cash or as a result of the suggestions in yesterday's blog you can get down to working on what you enjoy doing.
Decide what you like doing most then brainstorm the ssubject to see where it leads you. If you don't know about brainstorming email brainstorm@showme-financialfreedom.co.uk for details.
As an example consider my hobby of gardening. How could I build this into a successful business and get the financial freedom I want?
Brainstorming has given me the following list of related topics.
1. Selling plants at markets, car boot sales, advertisements in gardening magazines, on the internet.
2. Producing niche crops and selling as above.
3. Writing information booklets on gardening subjects e.g. pests and diseases, organic gardening, growing your own fruit and vegetables, growing flowers.
4. Buy garden products wholesale and sell them.the via your own web page or on ebay.
5. Make and sell wooden planters and garden ornaments.
And so the list goes on. Any of these could be developed into a profitable business. Start small but aim at producing high quality items which make higher prices.
As an exercise try making a list of everything to do with your favourite hobby. You should be able to list between thirty and forty related items. Most of them are things which you would buy or pay for information about. Someone makes a lot of money from providing these things. Why not you?
Don't forget for the Brainstorming information by emailing brainstorm@showme-financialfreedom.co.uk
Tomorrow we'll look at information marketing as the way to build a very successful business.
Theodora Cochrane is the author of Prospecting For Gold which is a business course designed to help budding entrepreneurs to take the first steps to success and to offer helpful suggestions to successful entrepreneurs who are looking for opportunities to climb a few more mountains. See more at http://www.showme-financialfreedom.co.uk/ or email freedom@percydale.com . The Happy Entrepreneur/ also has some helpful tips for entrepreneurs.
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