More and more of us are beginning to consider setting up our own businesses – especially those of us with families. A standard nine to five can restrict the amount of time you spend with your little ones. In particular, the standard commute adds hours onto your working day and deprives you of time that you could dedicate to your family.
On top of that, many workplaces aren’t all too flexible, when flexibility is key for making sure your children get everything they need. When you run your own business, you’re your own boss. You don’t have to commute at first, as you can work from home. You choose your own working hours and can rearrange your working days on relatively last minute notice if necessary.
Setting up and starting a small business isn’t the easiest thing in the world to achieve though. You’re going to have to learn a lot in a short period of time if you’re going to succeed. One area you’re going to need to place a lot of focus is product development. Product development is the process in which you decide what you’re going to sell and what it’s going to be like. By the end of the process, you’ll have a final product that’s ready to put online or onto store shelves.
It’s absolutely important that you bear the marketplace in mind when you develop any new product. You need to know what competitors already exist and you need to have a good insight into consumer demand to ensure you’re catering to an audience who is willing to part with their cash in exchange for your product.
The infographic below will give you an introduction to this!
Infographic Design By UAB
Have you thought about starting a small business? For me, it’s the best thing I could have done. Becoming a freelancer has helped my family lots as I have more free time for the girls and flexibility when they are ill.
Thanks for stopping by today, I hope you’ve enjoyed this post.