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Four Business Ideas That Could Boost Your Worth

Estimated reading time: 2 mins

Many of us are looking at options to consider when it comes to making money. Not all of us are satisfied with staying in a job and working for the same amount of money each month. A lot of like the idea of working for ourselves, be that as a self employed venture or to start a business. But the main problem is having the idea of what to do in order to make your fortune. So I thought I would share with you some of the ways you could do it.

Turn a hobby into a business

One of the first things you could consider would be turning your hobby into a business. Maybe you work tirelessly ons one thing in your spare time. Perhaps a blog or vlogging channel on YouTube. Maybe you create things or have a skill such as baking or can provide a service. You may be able to turn your hobby into something and make it a business. So many people use something they have already developed and turn it into a business that can see you massively increase your income and your financial worth for the future. You just have to take that leap of faith and trust in your vision and skills.

Buy and develop property

Many of us will agree that property can be big business if we know what to do. So you could potentially turn it into your new business idea. There are two ways people tend to do this. One is to focus on buying and selling, but once bought improving the property in some way. It may be modernising it and bringing it back into the 21st century, it might be adding extensions and increasing the square footage. All of which can add value. Other ways include things like buying property to rent out. You not only get the long term investment, but you also get the short term profit from the rent.

Invest in stocks, shares and long term investments

There are other things you can do that don’t necessarily need you to take on physical labour. That can include investments to do with stocks, shares and even longer term investments like hedge fund management and fixed term savings. Thankfully, with certain trading options you can use things like an automated trading software to ensure that you keep on track with your investments and what you have moving forward.

Buying and reselling online

Finally, you could consider a business venture such as buying and reselling online. Many people have become very profitable by sourcing things to sell on online platforms like eBay. It can often be investing the time that is the biggest part of it, in order to find the things to sell. But it can be a great way to boost your worth and there isn’t necessarily any skill involved. Just an eye for a bargain.

I hope that this has inspired you to consider some of these options for a future business that could boost your worth.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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