Category «Ideas»

Product or Service?

After talking with the kids, we have decided that a product based business, rather than a service based one, would work better for us. Given that one of the criteria is that my kids can work in the business with me, a service business would mean that I would be doing most of the work! …

Business models

In order to find a business that works for us, we have been looking at a number of business models. This is not the business structure – like whether or not to register a sole trader or a company. This is how the business will operate. Some of the ideas we’ve investigated include: Information website …

Finding a passion

I have been reading┬áThe Business Bakery by Julia Bickerstaff lately. It’s a great book for starting out as the information is simple and practical. In this book, she talks about the three ingredients you need to start a business. One of them is to find something you are passionate about. This got me thinking – …

Criteria for a business idea

As I spoke about in yesterday’s post, I am looking for a business idea to give us some additional income, and some flexibility. When thinking about ideas, I have come up with the following criteria for an idea that will suit me and my family. These include: Something that won’t require a lot of work …