What Kind of Business Should I Start?

Take this quiz to find out!

Interested in starting your own business, but not sure what you’d be best at? You’ve come to the right place!

Just answer these questions about your skills and interests, and we’ll tell you what kind of business we think you should start. Hit that “Start Quiz” button!

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Questions Overview

1. How much do you want to invest in your business upfront?
  1. Very little! I’m looking for something low-cost.
  2. A moderate amount, but nothing too crazy.
  3. As much as needed! I’m willing to spend a fair amount.
2. What would you say is your “superpower”?
  1. My creativity. I’m an artsy person and outside-the-box thinker!
  2. My ambition! I’ve got big dreams, and I’m determined to succeed.
  3. My reliability. I’m a very trustworthy and dependable person!
  4. My organizational skills. I’m meticulous and by-the-book.
3. How much time do you have to put into your business?
  1. Not that much! I want this to be an easy side-hustle.
  2. A fair amount. I want this to be a part-time job.
  3. A ton! I’m ready to make this my full-time job.
4. What are your hobbies, or what are you passionate about?
  1. Art or crafts (crocheting, jewelry-making, painting, etc).
  2. Animals and spending time outdoors.
  3. Graphic design.
  4. Cooking or baking.
  5. Curating my social media profile.
  6. Fashion.
  7. Honestly, business and entrepreneurship! I’m all in on this.
  8. Something else.
5. Do you work best alone or with a group?
  1. Alone. I’m pretty introverted!
  2. With a group! I’m definitely a people person.
  3. It depends, but I can do both.
6. How tech-savvy are you?
  1. Super tech-savvy. I’m very comfortable with technology.
  2. Kinda tech-savvy. I’m not an expert, but I learn quickly.
  3. Not tech-savvy at all. I’m not big on technology!
7. How big of a social media user are you?
  1. I love social media, and I use it all the time.
  2. I don’t use it all that much, but I’m comfortable with it.
  3. I’m not on social media.
8. Do you want a long-term or short-term business idea?
  1. Long-term.
  2. Short-term.
  3. I’m open to either!
9. What’s your biggest goal with your business?
  1. To earn a little extra money.
  2. To create something that lasts.
  3. To do something creative or artistic.
  4. To become my own boss.

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How to Choose What Type of Business to Start

  • Consider your skills and background. If you want to start a business, asking yourself what you’re naturally good at is a great place to start. Are you super organized and reliable? A virtual assistant business could be perfect for you. Do you have a good eye for graphic design? A digital product business might be the right call. Did you attend any type of special training or get a degree in a specific field? It would likely be ideal to start a business using that knowledge.
  • Think about your interests and passions. Being passionate about your product is key to starting a successful business, so take some time to brainstorm the things you’re interested in. For example, if you’re an animal lover, a pet-sitting or dogwalking business could be a natural choice. Or, if you’re a super-skilled baker or home chef, a catering business might be more up your alley.
  • Research the market. Before starting any business, it’s important to have a basic knowledge of the market you’re hoping to enter. Take your time to research the industry and your competition, so you can identify any gaps or opportunities to capitalize on.[1]
  • Determine your budget. Your budget and resources will be big determining factors when it comes to starting your own business. For example, if you don’t want to make a big investment up front, it’s probably not a great idea to start a restaurant or open a physical storefront, because this requires a lot more money. Instead, you’ll likely want to try out lower-cost options, like dropshipping, print-on-demand, or digital product businesses.[2]
  • Think about your long-term goals. Are you looking to start a business on a short-term basis, or do you want to start something that will continue to grow and thrive in the long term? If you want to open a business only in the short term, you’ll likely want to pick an idea that’s low-cost and low-risk, but if you’re willing to go in it for the long haul, you could open yourself up to higher-cost options.[3]

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References

  1. ↑ https://www.uschamber.com/co/start/startup/deciding-what-business-to-start
  2. ↑ https://www.indeed.com/career-advice/starting-new-job/how-to-decide-which-business-to-start
  3. ↑ https://www.uschamber.com/co/start/startup/deciding-what-business-to-start