What kind of business should we choose to start a business

Three principles must be followed in selecting business types:

First, not familiar. That is to say, you should choose to start a business in your own career, because you are familiar with the business mode of this industry, and you have accumulated certain experience in your work, so that you can avoid detours when starting a business. In many successful entrepreneurs, they choose the old business or the industry closely related to their occupation.

Second, choose industries with market prospects. To sum up, it is to choose the sunrise industry, the blank spot of the market, and to start a business in the industry which is not yet saturated.

Third, don't break away from your own conditions. For example, real estate development needs large capital operation; software development needs high knowledge and technical background. If you start a business out of your own conditions and act rashly, you are likely to fail. Of course, if you don't have the conditions, it doesn't mean that you can't start a business. You can create the conditions: accumulate capital, learn technology and master experience. The more prepared you are, the greater the chance you will win.