When people find out that I have a background as a business consultant, they will often tell me that they would love to own a business, but have no clue what type. These are the tips that I give for coming up with a profitable small business concept. Even if you have a small business concept already, these tips will help fine tune it.
Do What You Know
Your small business concept should circulate around what you know. A former client of mine opened up a business that supplies products to car dealerships, and he came up with this idea after working at dealerships for 15 years. He went into a field that he knew and where people knew him. It has ensured his future growth.
Read more of these tips about creating a profitable small business concept here.
