It is generally a good, probably necessary, idea that when you are founding a business that you have a passion for it. You must try and align your skills and experiences with the industry that is the best fit for you, which is a more difficult thing then most people realize. I recently read an article that compared different types of startups to the different kinds of entrepreneurs that were needed for them, but for the sake of briefness I'm only going to compare two. The article can be found here.
The first example that the article used was the world of business brokers, or the matchmakers who bring together buyers and sellers of small to medium-sized companies. With corporate downsizing and baby boomers cashing out this leaves a lot of room for expansion. The ideal business broker is a person who can turn potential buyers into real buyers, which requires excellent people skills and ability to overcome rejection.
Smart-clothing is another industry that is ideal for young entrepreneurs to invest their time in as it is already a mature industry with manufacturing being done overseas. This has left the apparel business in need of creativity and innovation so that the entrepreneur can meet the more specialized needs of today's more discerning customers. Their is a huge risk in the fact that you must choose a niche that's not too mainstream lest you get muscled out by bigger companies, but not so narrow you can't make a profit, so to be successful you need the ability to outmaneuver larger retailers, with an emphasis on adaptability.
These are just two businesses that are poised to have great opportunities associated with them, and there are many more. I encourage you all to read the article that was linked in my blog post.
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