Small businesses are a great way to generate a full or part time income. Starting and profiting from a small business is easy if you follow some basic rules.

Find a product or service that sells. That sounds easy does'nt it? Well its a lot harder than you think. Lots of people have great ideas but if the market is not there then you are banging your head against a brick wall. Trying to create a market for a product or service is a very hard job, and usually costs a lot of money in marketing costs. My advice is leave that to the big boys.

The best way to begin is to find a market that already exists, and look at how you can do it cheaper and better. Its a lot better to take a small slice of a big cake, than a huge slice of a cake that has not yet been baked. Big companies are notoriously bad at offering good service, by starting up as a small business you can focus on offering a better service, and slowly take your share of the market.

Another way to make your small businees work is to keep your costs down. If you can work from home then you have a winner. Overheads are one of the major things that put small businesses out of business. If you can keep them to a minimum then you will have a much better chance of success.

Start small. Dont over commit yourself by taking out large loans to start up. Most small business can be started with less than