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April 23, 2004
So you need an idea for a business to start?
Thanks to Dane Carlson for leading me to his blog Business Opportunities. His blog provides many great links to the creatively-challenged but doggedly determined would be entrepreneurs to explore as possible ideas for businesses to start. Dental equipment repairs, wine bars, and elder care are just a few of the opportunities he links you to at this site.
Of course, like with any idea, even already developed ones like these, you still need to go through a very thorough opportunity assessment and develop your own business plan for your specific market. Also, make sure it is something that really interests you and that you can be passionate about. There are too many ups and downs to pursue some idea just because it makes financial sense. Starting a business is more like a marriage than simply finding a roommate to share an apartment. It becomes part of every waking moment of your life (and often many of your sleepless ones as well), so make sure you find an idea that you can stay emotionally committed to over the long haul.
Posted April 23, 2004 02:51 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
