Opening a small business in a small town. Any advice?

Question

For some time I've been planning to start a small business from my home with my present job and if successful I'll take it as full time and leave my job.

Some ideas come to my mind like start some Internet or ebay business or providing some kind of service.

Or, contact some wholesalers and sell from home with local ads etc. But I am still not clear that this is a good idea and which products I can sell.

Is there any one who can guide me for some small business which I could start from home in the beginning?

What books should I read?

Any good idea which could help me to start any small business. Hope the community can help me with some good ideas and guidance. I look forward to hearing your suggestions. Thanks in anticipation.

Answer 1

do a survey first to see what the town needs.. so u don't bankrupt after a huge investment.  also, u might need a trustworthy partner so u don't get screwed over

Answer 2

A business?  I have owned many in my life....You need to do HOMEWORK.......what is your outgo?  What COULD be your income?  Everything depends on what it is, how much it cost you, and how many hours a day you have to give up in your life for WHAT projected "maybe" income....nothing goes perfect...............go with care.  Good luck.

Answer 3

I would suggest getting involved where your business could be off line or on line.  As you stated you would like to start from home, then you should look into home based business opportunities for on line as well as off line business.  There are several different options you have and should look into different industries and find one that you would like to get involved in.  So many different types of products and services, from make up to telecommunications, to travel etc.  A lot of different choices.  With home based business, you can start them off from home, and work your way outside, or keep it at home.  The choice is yours, it's your business.  A lot of industries that you can have a business within a business offer trainings to help you build your business.  Most call them earn while you learn.  A great way to utilize what you can do to make a successful business.

Here's a blog that gives a lot of information on home based business as well as over half a dozen different industries to take a look into.  I suggest you look at this yahoo blog.