First of all a startup must see the on that what they are doing. Starting a business depends much on the starter’s personality. There are a number of e commerce companies who have done something and get the fund for expand their business. And people go for it. They see the money and run behind this. This is actually not a game. The person should always have that attribute that what personality they are having and what business personality they suit. It is very important to explore first.
Now the question is- how do you identify the personality that you are? How do you form a business around that?
This is very simple to know. You just have to go through a task for it. You have to just make three column in a paper. And after that write down the skills on the first right column. As you know everybody have some skills. Now In the second or middle column, write down your interest. And in the third and last column write down your hobbies. Here you must see, there are some difference between interest and hobby. Interest is basically what you need some time to get it know. Something you like to enjoy that what you need for getting relax. Interests are like, listening music, reading books etc. But while pursuing your hobby you make something tangible out of it. Like stamp collection, painting etc. you should never underestimate the three hobbies, interest and skills.
Here we are not just talking about the business aspect of it. But we are talking about the overall personality here. You should never let you down while showing you skill. You don’t need to hide your actual skill while in a professional area. You must be original as you are.
So, now after writing down the skills , hobbies and interests. The next step you have to do is just pick one interest, one skill and one hobby from the list and now try to form it in a new form.
Example– if you have skill of speaking in public, interest is watching youtube vedios, and hobby is collecting recepies. Now it can be formed in an action point that could be your habit. The new form will be like ‘I am going to make videos on different recepies and give review of that. So that all your personality factor will combine and make a triode out of it.
I must warn you that there are much crazy things are about to come out. So there are many people in the world who have all the three factors apart from each other. But if you can have all three factors together behaving in this way will be only the person on the earth who behaves in this way by combining all three. And that gives you immense advantage among all the other people. If you will do this, you just have to turn your passion into something which can solve somebody else’s problem.
For an example– If you are writing a blog on recepies then you are helping a lot of housewives’ problems that leads to help them in cooking. You are solving other’s problem. This is a business.
There are two ways of making money.
- Either you solve a very small problem for a very large number of people. Or
- You solve a big problem for a very small number of people.
This is the business model concept. By making a triode, you are solving somebody else’s problem and as a result of this they are very thankful to you, and they pay you for this. Now when they start paying you for that, you start loving even more what you are doing. And you become better at it. when you become better at it, you now can able to solve the problems of your target audiences in a more effective way . Your target audiences start liking your work, your service even more, so they pay you more. So, you can see the circle that keeps on going.