How can I start a New Business?

Question

I have 6 years total experience & 4 years managerial experience in the field of Insurance, banking & finance, which includes Sales, Recruitment, Team handling,

Now I want to start a business where I'll be able to utilize my experience. What Business should I start?

Answer 1

You have the answer in your question itself. Your experienced Area. Placements will be Ideal .

What you really need to start Business is Determination, Some Money, willing to learn from mistakes above all God's and parent's blessing and Wife's support if you are married.

ALL THE BEST FOR WHATEVER BUSINESS YOU START AFTER BEING YOUR OWN JUDGE.

Answer 2

Well you have enough experience to start your own business like, Investment / Finance / Saving Adviser. I hope you can manage funds very well as per your experience.. Secondly you can try for Agency Level Business for Various Companies. Like Insurance Sector , Finance Sector , Banking Sector.  and you will earn a handsome Commission / Incentives .....

Think about it !!!

Answer 3

Start Insurance business . it is very profitable, market is good , people are getting more and more aware and interested in investments,   and more over , you have good experience in this field.  Open an office with attractive get up .You can term yourself as "Financial Advisor" or "Investment  Planner." good luck !

Answer 4

These 2 websites are dedicated to entrepreneurs. They have a huge database with new business ideas.

http://www.wisenewbusinessideas.info/

http://www.springwise.com/

Answer 5

janitorial! yup! very lucrative!

Answer 6

I would do a self-analysis first.  Figure out why you want to start a business.  Then do a SWOT on yourself.  

Next start writing down business ideas that come to you and criticize each one heavily.  Once you think you found a few that might work, write a bare bones business plan for each one.  

The choice should be obvious because your business will: 1. fit who you are and 2. work well on paper.  Last, just flush out your plan the rest of the way and go.

You may find that you don't have a reason for starting your business, no good business ideas, or can't create a marketable plan for the business.  It's important to have this realization before you quit your day job.

Good luck.