Wednesday, December 10, 2008

I Need a New Business Idea - Minipreneurship

I certainly am not one to complain about my income. I love my job and I feel like I am compensated fairly for it. But, there's always room for more, am I right?

Actually, simply wanting more money is not my motivation for pursuing potential business ventures. Sure, more money would be great, but my real goal is financial independence. That is, not being dependent on that paycheck to provide for myself and my family. The goal is to create multiple streams of income, such that the paycheck becomes the source of funding for investments and other ventures, rather than the sole source of income. My problem at this point is not one of desire to achieve my goals, it is a lack of creativity in terms of coming up with ideas for new income streams.

I read an article this morning (I can't remember what the point was or what website I saw it on), but I do remember it talking about the growing number of "minipreneurs" in the United States. These are people who are, in increasing numbers, starting up small side ventures as a way to augment their incomes or ease the transition into a new line of work. The obvious benefit of this "micro-startup" strategy is one of decreased risk. A person can continue to maintain their day job while also generating income at night.

Anyway, back to my lack of ideas. I need to come up with 2 or 3 really good ideas for sideline ventures I can work towards in some of the limited time I have at night and on the weekends. As soon as I come up with something, I'll be sure to write about my success (or lack thereof). Wish me luck.

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