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4 Entrepreneurial Ventures to Consider

4 Entrepreneurial Ventures to Consider

If you have the entrepreneurial spirit, you’re probably itching to explore beyond your traditional work environment. You’ll be able to make your own hours, be more selective about your work, and achieve a proper work-life balance– what’s not to love? If you want to be in charge of your own success, but aren’t sure what entrepreneurial path is best for you, consider these options.

Build a Small Business

A small business is a wonderful venture if you have a passion for something scalable. Think about what you love, how you want to make a difference, and what your skills are, then think about the business you can build that will suit all of those. Do your research to educate yourself about your potential competition, the cost of building this type of business, and what the long-term gains look like.

You should also research small business loans and other ways to fund your startup so you can have the capital you need to get started. Then, decide if you need a storefront or if you can operate entirely online, thereby cutting down your overhead costs. There is a lot to consider when building a small business, but with the right information at your disposal, this could be a very enticing option for you.

Invest in Stocks

Another way you may be able to satisfy your entrepreneurial spirit is by investing in the stock market. Not only can stock investment earning provide you with the funds you need to make any entrepreneurial venture a success but if you invest smartly, you may even earn enough of an income from your investments to live comfortably. It’s entirely possible for stock investments to provide financial success, or at least set the stage to allow you to quit your day job and pursue your dreams.

Purchase Real Estate

The real estate market goes through fluctuations with some parts of the year being better for sellers and some being more advantageous for buyers. However, one thing is usually certain. If you purchase real estate as an investment and renovate the property to match current trends, you’re likely to earn a solid return on investment on your purchase.

Start a Blog

It was only a handful of years ago that blogging came onto the scene as a viable way to earn money. Now, it is an accepted solopreneur venture that you can take in any direction you’d like. To start a blog, think about the topics that interest you most, that you have experience in, and are knowledgeable about. In this way, your content won’t feel forced, and you’ll be able to appeal to your audience more.

Bloggers earn money by partnering with brands for sponsored content, using affiliate links in which they make a fraction of the purchasing price if one of their web visitors clicks on the link and advertisements that appear right on their website. You can also create social media profiles that match your blog name and, with enough of a following, earn money with your social media presence.

Your entrepreneurial spirit is a part of who you are, and it’ll benefit you to pursue a venture that will make you feel satisfied in your work and will help you find financial success.

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by Brian Perry // Brian Perry is a contributor to Businessing Magazine.

Opinions expressed by contributors are their own.