Posts

BIGG Success Logo boxed

Hot Businesses in 2009

By Bigg Success Staff
12-17-08

2009_hot

It’s not easy to succeed in your own business even in good times. So why would anyone consider starting a business now?

You might be surprised to know that many people think it is a good idea. They learn they can’t easily replace the income earned from a lost job and decide to try their hand at self-employment. In addition, after losing a job, a person might want to feel a stronger sense of control over his or her own life. Being your own boss may be the answer.

Whether you’re considering starting your first business or adding to your empire, it pays to think about what will be hot in the near future. Here are our picks for the best businesses to be involved in for 2009:

Repairs

Consumers and businesses are expected to cut back on their major purchases in 2009. So rather than replace their old do-hickey, they will repair that old do-hickey. This will create tremendous opportunities for repair businesses.

As an example, shoe repair shops are reporting incredible demand. This is a highly fragmented industry with lots of possibilities. How about a service that picks up and delivers shoes that need to be repaired? A good place to start your investigation would be the Shoe Service Institute of America

Reports are that more people are staying home more often. So home repairs of any kind should do well in the coming year since people will be home to see, hear, or smell the problems they may not notice in good times. For example, handyman services were booming even before the recent financial storm. They are expected to continue to thrive in the current economy.

These are just two examples of repair businesses that are likely to thrive in 2009. It is impossible to list all of the possibilities. So think about your own repair skills or find a partner who can do the repairs while you run the business. Then research the industry to see if the service you’re thinking about is experiencing growth right now.

Used

Consumers and businesses are also expected to purchase “used” more often in 2009. In fact, used may become chic in a world where frugality is a status symbol. So look for opportunities in industries that offer lower-priced second-hand products rather than something new.

If you have a flair for fashion, consider starting a resale clothing business. There are many possibilities even within this category. In most cases, these businesses are racking up sales almost as fast as they can get clothes on the rack. 

Beyond clothes, there are many more businesses that sell second-hand items that are reporting boom times. From books to office furniture, if there’s been demand for new products in the past, there is probably demand for used items now.

Think about what you like to buy and then do some research to see where it’s being offered second-hand. Don’t be discouraged if you see some competition. Instead, think about what you could do differently (and better).

Seniors

The baby boom is starting to retire. This will create demands for products and services for seniors like never seen before. Many of these businesses will thrive in spite of economic conditions.

Start a senior service business to and help seniors do things that they don’t know how to do, don’t want to do, or can’t do. There are a number of ways to service this large and growing market including starting a(n):

  • adult day-care center
  • relocation service
  • home health-care service
  • concierge service

You could also think about combining opportunities. By this we mean, you could target seniors with your new repair business or think about used items that would be useful to seniors.

Free agency

Here’s something to ponder – if you have a job, you essentially have one customer. What kind of security does that offer? We think it’s possible to have freedom with security.

The overwhelming majority of small businesses are micro-businesses, often consisting of a single person. We think more people will continue jumping on this free agency bandwagon in the years ahead.

So instead of going for a new job, why not try to land two customers that pay you what you would expect to earn from a single job? Take that special skill you have and market yourself as a specialist rather than an employee.

Like any business, it’s usually not easy to get started. While start-up costs can be minimal, you still need the financial resources to weather times with little income or you can start part-time. However, many people find the lifestyle of a free agent very rewarding.

Consider a franchise

Franchisors often state that, when layoffs occur, they get more prospective franchise buyers. So expect franchise sales to do well in the coming year. Another piece of good news is that many franchisors will be more likely to help with the upfront financing, directly or indirectly, in light of the credit markets.

In addition to that, when you think of investment alternatives (e.g. stocks, real estate), a franchise may seem like a good option. Many people may prefer to invest in something over which they feel they have more control after the volatility of the last year. 

Many franchisors offer a proven business model. They are often less risky than a new franchise system. However, there may be more opportunity in a new franchise system. You have to determine what is best for you. Start by learning how to buy a franchise.

___

Get the tips and tools you need to be a BIGG success
and get our FREE Goal Planning Workbook when you
Subscribe to the Bigg Success Weekly – it’s FREE too!

___

Beware of scams

One word of warning – in tough economic times, scam operators come out in full force. Kiplinger has a great quiz that tests your ability to spot a scam. They present you with eight business opportunities, some which are legitimate and some which aren’t. See how you do!

Then apply this to the real world. With any opportunity you consider, trust your own instincts and do your own research. Prove to yourself that it is the right opportunity for you and the right time for the opportunity.

Hear today's lesson and laugh on The Bigg Success Show. 

Related posts

1453]

5 Questions for Job Seekers in 2009

1458]

(Image in this article by -MISHA)

BIGG Success Logo boxed

Close Encounters of the Rude Kind

rude Does anything bring out rude behavior more than the holiday shopping season? People cutting you off in traffic, stealing your parking spot, talking on their cell phone while being checked out, leaving their garbage in stores, and even being physically aggressive on Black Friday!

___

___

Oprah recently did a show on rude behavior where she highlighted these statistics:

  • Eighty percent of Americans think rudeness is a serious national problem.
  • Yet ninety-nine percent say that they themselves are not rude.

So we can only conclude from these results that all of the rudeness must stem from one percent of all the people! Evidently, most of us think that almost everyone else is rude, but we’re not.

Test yourself

To see how you stack up, she provides a quiz. Here are a few of the questions:

Are you chronically late? 

___

georgeI would have to say n…yes. I want to say “no”, but there may be some people who would disagree with me! Too often I think I can squeeze in one more call or answer one more e-mail before heading off to that next appointment.

___

___

marylynnOprah answered the same way. I know I need to work on this … I tend to be five minutes late to meetings.

___

Have you ever interrupted a face-to-face conversation to take a non-urgent cell phone call?

___

george
I can’t ever recall a time when I’ve done this. Hey, that means I got one right!

___

___

marylynn
I’m good at ignoring the phone when I’m talking to someone face-to-face.

___

Have you gone through a supermarket 10-item express lane with more than 10 items?

___

georgeWell, that depends on how you define the word “item”. If I have multiples of a single item that does only count as one, doesn’t it?

___

___

marylynn
I’m guilty by association because I go to the store with you, George.

___

___

george
Oh thanks, Mary-Lynn, for blaming it all on me! That’s rude!

___

These questions made us think – things that we don’t necessarily think are rude may be perceived as rude by others.

___

georgeI get annoyed with oblivious shoppers. When it’s December 24th and I’m starting to shop for Christmas, it’s just rude for people to wander around like they don’t have anything to do. They get in the way of us serious shoppers!

___

___

marylynnFor me, it’s rude drivers – they don’t use their turn signal. They don’t get over when I’m trying to merge even though there’s plenty of room. Drivers who don’t pay attention are inconsiderate!

___

What rude behavior is a pet peeve for you?

3 rules of civil behavior

During her show, Oprah talked with Dr. P.M. Forni, author of Choosing Civility: The 25 Rules of Considerate Conduct.

He says our society is structured to encourage rudeness. We’re stressed, fatigued, and in environments with a lot of people we don’t know. For example, we may be one of hundreds of people in a store or traffic jam. His book points out three rules to behave more civilly:

Pay Attention
Without attention, no meaningful interaction is possible. When we relate to the world as if we were on automatic pilot, we can hardly be at our best in our encounters with our fellow human beings.

Acknowledge Others

Acknowledge others' existence, their importance to you, their feelings, and the things they do for you. A simple "Good morning" as you walk past a co-worker in the hallway is a perfect example.

Think The Best
When we approach others assuming that they are good, honest, and sensitive, we often encourage them to be just that. Yet from the results of this study, it appears that we assume the worst in others while thinking the best of ourselves. Sometimes it is dissatisfaction with ourselves that makes us judge others unfairly.

Finally, Dr. Forni also says being polite is a healthier way to live. Going through life behaving rudely can make you physically sick. 

___

Get the tips and tools you need to be a BIGG success!
Subscribe to the Bigg Success Weekly – it’s FREE!

___

We really appreciate that you took the time to read our post today. Tomorrow is Thanksgiving here in the U.S. We’re going to put a different spin on it and talk about thanksgetting. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00273-112608.mp3

Related posts

312]

61]

(Image by Abdulic Monkey, CC 2.0)

BIGG Success Logo boxed

Test Yourself: Do You Think Bigg?

By Bigg Success Staff
10-01-08

Test Yourself

question_mark 

Here’s a quick test to measure the size of your thinking. We adapted this from David Schwartz’s great book, The Magic of Thinking Big. The only thing we don’t like about his book is that he spelled “bigg” wrong!

There are twelve situations presented here with two ways to think about each one. See which answer most closely matches how you see the world.

Expense Accounts  
 
Do you increase your income by …
a) … aggressively reporting expenses on your expense account?
b) … producing more?

Conversation
Do you talk about the …
a) … negative qualities of people you know when they’re not there?
b) … positive qualities of people you know when they’re not there?

Progress
Do you believe in …
a) … maintaining the status quo?
b) … expansion?

Future
Do you see the future as …
a) … limited?
b) … very promising?

Work

Do you look for ways to …
a) … avoid work?
b) … do more work, especially helping others?

Competition
Do you compete with the …
a) … average?
b) … best?

Budgeting

Do you increase by bottom line by …
a) … cutting back on necessary items?
b) … increase income to buy more necessary items?

Goals
Do you set your goals …
a) … low?
b) … high?

Vision
Do you focus on …
a) … the short-term?
b) … the long-run?

Security
With which of the following statements do you most agree …
a) Security means success?
b) Success leads to security?

Mistakes

Do you handle minor errors by …
a) … turning them into major issues?
b) … ignore them if they have little consequence?

Companionship
Do you surround yourself with people who mostly chose …
a) … Answer “a)” above?
b) … Answer “b)” above?

Obviously, small thinkers answer “a)” to the questions above. Bigg thinkers choose “b)” and they surround themselves with other bigg thinkers – birds of a feather.

Admittedly, this seems like a simple list. However, when we looked deeper into the list, we realized that there are times when we fall back to “small” thinking. The challenge is to fight that urge, whenever it occurs, and keep thinking bigg. Another challenge is to always spell “bigg” right!

Hear today’s lesson and laugh on The Bigg Success Show

BIGG Success Logo boxed

Decision-Making Test

By Bigg Success Staff
07-30-08

Test Yourself

decisions

How well do you understand decision making? The people at CNN Money have developed a great little quiz to help you know.

Spend 5 minutes or so finding out. You’ll see the correct answer after you answer each of the 10 questions. Then you can see your final score at the end.

Click here to take the quiz now!

Hear today's lesson and laugh on The Bigg Success Show. 

 

More Test Yourself

1068]

956]

920]

(Image by nookiez)

BIGG Success Logo boxed

Left Brain or Right Brain – Which Do You Use More?

By Bigg Success Staff
06-26-08

Test Yourself

brain_test 

If you’ve ever taken a basic psychology class, you may remember that most of us use one side of our brain more than the other. The left brain is our logical side, while the right brain is more creative. 

Brainworks has a test that tells you which side of your brain is dominant. It will take about 10 minutes to answer the 20 questions. When you’re done, you’ll see your personal brain usage profile.

It will tell you which side of your brain you use more. Also check out the additional summary page for what it all means.

Click here to take the test and see how your brain works!
 

Hear today's lesson and laugh on The Bigg Success Show. 

Related posts

920]

884] 

818]

647] 

(Image from mindmedia.com)