10 Micro Tips for Micro Businesses
Countdown to Starting a Micro Business ebook launch
Day 3: 7 days until the release of Starting a Micro Business ebook by Carol Topp, CPA
Saturday, May 1, 2010
As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.
Today’s tip: Brainstorm an idea
Picking a micro business idea is not difficult if you follow a guided plan. Begin by brainstorming what you already know and then check those ideas with a mentor or adviser. Finally test your idea by doing a simple market survey.
Do What You Know
- List all your former jobs, hobbies, volunteer efforts, experiences, passions, interests and classes you have taken. This is a brainstorming session, so put everything on the list. You can evaluate the merits of each item on the list in the next steps.
- Mark those areas with potential money-making ability and a market for your knowledge.
- Cross off those that you do not have a passion for doing. If you cannot see yourself spending 10-20 hours a week on the task, cross it off.
Take you idea list to several trusted advisers or mentors who know you well. Ask at least three people who will be helpful to you. Ask for honest feedback. You might ask an accountant, a current business owner or a business instructor.
After your brainstorming and mentor check, find a your market and ask several people their opinion on your business idea. Ask a potential customer,
- Would you buy this product or service?
- How much would you pay?
Need more ideas? Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.
For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.
Carol Topp, CPA