Finding self employment ideas is not just about the business you think you want to be in. There are a lot of issues to consider to help you find the right business to allow you to work from home.
First of all, brainstorm all the freelance work ideas you have. Put those down on a piece of paper or computer file and put it aside.
Next, do a strict self-evaluation of your strengths and weaknesses.
Be brutally honest, as this will help you to work out which work from home jobs are right for you. Think about past performance appraisals - what qualities have been most admired or most disliked? Think about how those can work for you in any business venture you undertake.
Next, consider the resources you will need for those self employment ideas.
Some business ideas might require you to invest some money, while many others require you just to have a computer and the desire to work.
Take a long, hard look at your finances and see what you can afford to invest in developing a home business. Even if you plan to consult in your existing business and don't need any additional tools or equipment, you will need to market yourself with business cards and a website, and you may need to advertise locally too. Check this self employment guide for other issues you may also have to consider.
Now, go back to your list of ideas and see which ones are still possible after looking at your skills and the necessary resources.
The next step is to evaluate the market potential of the ideas that are left.
Prepare a plan for developing each business and see which one is more likely to have the result you want. By doing this, you will find a practical freelance job from your original batch of self employment ideas.
Having a formal business plan is often the difference between success and failure. Failure in a business venture costs money and it is better to take on board the planning process and experience of others at the outset. Having been an Accountant in previous roles I know from experience that those that succeed are the ones the do their planning carefully. The following business planning software is one of the best in the market:
I recommend the ebook The Unlimited Freelancer. This ebook is a blueprint for success because it has been written by the experienced freelancers Mason Hipp and James Chartrand. They are also experienced and successful writers. They have laid out a blueprint for taking a freelancing part time job to a thriving business that can be enjoyed for years to come.
I recommend strongly that you visit your Federal Trade Commission website in whatever country you may live prior to making any decision. In the United States there have been extensive efforts to identify scams to protect consumers.
Do you have a great story or ideas to share about self-employment? Share them here!
Click below to see contributions from other visitors to this page...
NEWLY PUBLISHED! Read 'How to be Self-Employed: A Freelance Work from Home Guide' by John Cosstick, the author of this website. Click on the image to read a sample of the book. . .