Evaluate The Pros and Cons of Various Entrepreneurial Careers To
Find the One That Fits



Weigh the Pros and Cons Entrepreneurial Careers to Find Your Fit

Take time to weigh pros and cons of entrepreneurial careers BEFORE you take the entrepreneurial step.

The Benefits Of Weighing Your Options Before Taking That Entrepreneurial Step


Spending a moment to weigh the pros and cons of various entrepreneurial careers gives you insight into which small business ideas will work for you.


Though many small business ideas will appeal to you, you must determine how well each potential business fits into the context of your life as well as the context of the lives you plan to impact.

Right now you have many small business ideas competing for your attention. By carefully weighing the pros and cons of various entrepreneurial careers you will find the one that appeals to your passion and your lifestyle.

Use the following assessment to determine which small business ideas will best fit you.


STEP ONE: List each of your business ideas on a sheet of paper.

STEP TWO: Assess each of your small business ideas based on the following entrepreneurial benefits.



Assign 10 to those small business ideas that perfectly fit your life and your passion.

Assign 0 to those small business ideas that would cause havoc in your life.

(10 = this business idea perfect fits my life. 0 = this business idea would does not fit my life.)


____ Passion-led.

Taking your business from birth to reality is a lot of work. You must pursue a business that piques your passion makes your heart do the cha-cha. On a scale from 1 to 10, how passionate are you about those small business ideas on your list?



____ Flexible.

Flexibility may be another top reason you are seeking to an entrepreneurial path. When evaluating the pros and cons of the entrepreneurial careers on your list, make sure that it can be designed to fit your reality. On a scale from 1 to 10, how flexible are those small business ideas on your list?


____ Customer-Focused.

Your business must be malleable enough to shape it into something your customers crave. On a scale from 1 to 10, how easy would it be to shape that small business idea into something your customers can get excited about?


____ Opportunity-Focused.

When weighing all of the pros and cons of the entrepreneurial careers on your list, make sure that you choose a business that will allow you to find an unmet need – and fill it. On a scale from 1 to 10, how easy will it be to shape your business idea to fill a market need?


Finding The Right Fit - A Focus on the Cons



You must be realistic about which small business ideas will - and which ideas will not - fit your passion and current life.

STEP THREE: Evaluate potential business based on the following four risks involved in pursuing an entrepreneurial path.



Assign 10 to those business ideas that have risks you can handle.  Assign 0 those whose risks you want to avoid at all costs.

(10 = I can handle this risk. 0 = I want to avoid this at all costs.)


____ Uncertainty.


Of all the pros and cons of entrepreneurial careers, the level of uncertainty plays the strongest role in dictating which potential business you should select. On a scale of 1 to 10, how much uncertainty is inherent in this business?

____ Under-Funding.

Many businesses fail due to under-funding because entrepreneur ran out of money as soon as the business open it’s doors.. Be as realistic as possible about how far your start-up money will go. On a scale from 1 to 10, which of these small business ideas aligns better with your current budget?

____ Competitive Reaction.

When examining the pros and cons of entrepreneurial careers, one of the most-under considered cons is competitive reaction – just how other market competitors will react when your brand new business shows up on the scene. On a scale from 1 to 10, how much competitive pressure do you feel your small business ideas will face?


____ Market Rejection.

Nothing could be as devastating as investing your hard earned time and money into a venture, only to find out no one is interested in what you have developed. When customers reject your business, you must either:

• tweak your product, service, or approach to into something customers will crave, or

• abandon your business idea to find one that might be more market friendly.


On a scale from 1 to 10, how readily do you think customers will be to spend money on your business?


Properly weigh the pros and cons. Then focus on those ideas you can transform into a business that customers will crave

.

Step Four: Tally your score.



Focus on the top three small business ideas that will realistically fit your life. Then comb your list to find the one. That one business on your list that you can build make a difference.

  1. Choose the one business that will fit your life, make you money, make your heart dance, and make customers crave you more than chocolate.


  2. Mold it into something a niched cluster of people can fall in love with.


  3. Build your business. Transform those small business into a business that will drive your niched cluster absolutely crazy.



There Are Both Pros and Cons To Finding Entrepreneurial Careers That Fit. Read More Below.

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