Many people dream of starting their own business, and for good reason. There are several advantages to being an entrepreneur. A few perks include freedom to determine your own schedule, unlimited income potential, and being your own boss. However, many people have a difficult time deciding what type of business they’d like to start. With that in mind, I thought I’d share three tips for deciding on a business idea.
There are several personality assessments out there to choose from. A few of my favorites are the Myers-Briggs Type Indicator (MBTI) and the Gallup Strengthsfinder. Once you know your Myers-Briggs personality type, you can conduct research online about ideal careers or business ideas that suit you. There are plenty of resources out there, simply do a Google search with your four letter personality code (i.e. “ENFP business ideas”). The MBTI typically costs $49-$100 USD to complete with a certified professional. There are plenty of free tests on the internet that use similar typology to MBTI, but please be advised that most of these tests are not as accurate as the real thing.