Thinking of start a small business on your own, if you believe in yourself you can. Think positively at finding a idea which can help you to set up a small business and make you financially independent. This has another advantage of giving you a job which you like and make you self dependent.

Before deciding to start a small business you have to think about all the aspects .This is commitment which will need certain qualities .

[1] Do you really want to become your own boss. This means you may have freedom in working but you have to work 24 hours a day every day of the week .There is no leave for you at least in the initial period.

[2] Do you have the patience to deal with difficult customers and attend to their queries any time of the day.

[3] Can you put into the hard work and self discipline required to make the venture successful

[4] Can you handle all responsibilities and are ready to take care of all activities yourself independently.

If you think you can handle all this than you are ready to embark upon a new business idea on your own

The next thing is to find out the rules and regulations of setting a small business in your area. Some of them are as follows-

Things you should know before starting a small business

Before deciding on a business idea you should find out all relevant information about it. This will help you work your business plan to success.

[1] Find out the regulations in your area-Some small businesses cannot be operated from home. Different areas have different laws. It is advisable to find out before starting any venture.

[2] Get the licenses for your business.

[3] Registering your business as sole proprietorship, partnership or corporation.

[4] Opening a business bank account-You need to register your business to open a business bank account. Most banks put this as a precondition.

[5] Find out the suitability of your neighborhood before starting a business. Some business may require heavy machinery which may not be suitable in the area.

[6] The suitability of your own house- If you plan to operate fro your own house your house must have a good appearance all the time. The customers will become discouraged with an untidy appearance. If your house is big enough to start a business well and good otherwise operating a business from the kitchen or basement is not a good idea. You can do so only if your business requires a virtual office and you communicate with your clients on the internet.

Finding business ideas for small business

If you look around you can find many business ideas. Before deciding on any idea you should do research on the idea and find out the necessary information. You can find this by talking with people. The art of conversation is a very important attribute to cultivate for any aspiring entrepreneur. This involves less of talking on your part and more listening to other peoples ideas.

Some ideas for small business

Here are some ideas which can be used to create a small business enterprise

[1] Cleaning services-Whole house cleaning or carpet cleaning. This can be done on your own or with a franchiser. If you opt to become a franchiser you get all support and training from the company.

[2] Yoga instructor-If you have a liking for yoga you can become a yoga instructor. Many people in the present times want to learn yoga.

[3] Desk top publishing If you have the ability to design brochures or newsletters you can start your own desktop publishing services. You get the software for this which cann help you to do so.

[4] Wedding planner- Many people hire the services of professionals for planning a wedding. Well known companies give a expensive package which may not suit everyones budget. You can as a small business owner provide these services at a lesser costs. This involves taking care of wedding from all aspects be it catering ,taking care of guests flowers and other allied services.

There are many ideas that can be developed to create a successful business opportunity. The Knack is to study the local area where you would work and find out the demand for products and services.

Niche marketing

Starting of a business requires a lot of research planning and gathering of information from different resources. The idea is to find a niche where you would market your products and services. Niche means finding a gap or space where you can fulfill a certain demand for a community. You can find a niche by first doing a survey of the needs your interests and the competition in the Market. In other words this means dividing an existing market for a product or service into small parts and working for these small segments.

Some examples of creating niche markets

[1] Selling a ebook for students-This could have information about the accommodation in the area. This can have information about the shopping facilities for students. You could have information about food options available in the vicinity. There could be information for overseas students.

[2]Selling a product for pets-This could be like selling organic food for dogs or making some new type of collars for pets.

[3] If you are a gardener you could sell some organic fertilizers or pesticides for plants. You can make some attractive planters or pots if you have an artistic bend of mind .These things are demanded by people everywhere.

The idea is to find a need and satisfy it with your product or service.

Tips for small business enterprises

Here is a list of some important things-

[1] Finances How much can you invest. Starting on a small scale is a good idea .Later on you can have the option of taking a loan.

[2] Have a day to day plan of work

[3] Plan your work and have a list of must do tasks at hand.

[4] Do a thorough research before starting

If you are ready to put in hard work and have a diciplined way of working you can have a successful small business which can be very profitable. Working on your own has its limitations but gives you ample satisfaction.