Which business can I start today? This has been a question plaguing many millennial today. Many people today strive for more time and financial freedom and the question they ask themselves is, how can I get out of the 9 – 5 loop? The obvious answer usually is, start a business and be your own boss.
Now, what to start and where to start? I won’t jump into the drop-shipping or affiliate marketing bandwagon, though they are very viable options if you know what you’re doing. However you should first do a SWOT analysis of yourself, from the result you can quickly and easily determine what and where you can excel if you started a business in that domain.
For example, if you’re good at a particular subject, you can start a tutoring business and sign up for tutoring gigs online or start small tutoring service in your neighborhood advertising your service from door to door.
Also, with a little research and education, you can try trading. This is a long-term but viable option as anyone can make a profit in the long run. If you can open an investment account with your bank and invest whatever little you have in shares in a stable company, it will be profitable in the long run. Those people who are okay with taking risks can easily invest in companies producing or growing controversial products like marijuana(it’s legal in Canada) for example, you will double your portfolio in no time, marijuana (Again legal in Canada) is currently showing no signs of slowing down and shares of prominent companies are very affordable right now.
Thirdly; if you’re a good communicator, you can easily become an independent sales rep. Many companies today offer that option to independent agents to sell their products on their behalf and earn commissions from it.
There are so many other things/services you can offer and slowly scale it into a full flesh business. It all depends on how good you are in what you do, so knowing your strengths and opportunities is a good starting point.