00:00Many people dream of starting their own business. Some people know exactly what
00:08type of business they want to establish, but others have to really contemplate
00:12what avenues to explore. NerdWallet recommends asking yourself, what
00:17experience do you have? Not just work experience, but have you ever been in a
00:22situation where you wish there was more help out there and had to go out of your
00:27way to research something important? Maybe you can fill that void with
00:31knowledge you gain through your own research and provide a service. Build a
00:35business model around your lifestyle or one that supports the way you want to
00:40live. Do you need a flexible business that won't require space or inventory or
00:45would you like to open an actual location and build roots? Consider if
00:50your idea or ideas will be easy and inexpensive to test out. Forbes suggests
00:56taking inventory of resources you already have to see what you will need
01:00as well as researching your competitors to see how you'll stand out.
