What Kind of Business to Start

Whenever you think about starting a new business there is a few things to consider. First and foremost is do you have experience in the type of business you are thinking of starting? Most self employed people will do a lot of the work themselves, therefore you will want to have a lot of experience in any new venture you start. Of course this is not always the case. For example I have a friend that can do plumbing, but he is not a plumber. Yet he has a very successful plumbing company. How did this happen you might ask? If you are really good with dealing with people you can open any kind of business and just hire people to do the necessary work. In his case what mattered the most was building a list of clients that he could rely on for getting a consistent amount of work from. Then he built a list of sub contractors that you could rely on to do the work when this was needed.
The same thing could easily work for any sort of business. If you are in retail you would not hire sub contractors but full time and part time employees.