Many people's New Year's resolution is to save more money or make more money. Before jumping into a side hustle or starting your own business, what are a few things you should think about? Brian Meiggs, Founder of Millennial Money Guide joins Cheddar to discuss how to not fumble through your first business. Meiggs says there are three important things to ask yourself before you start a business. Are you self-directed? Are you disciplined? And are you persistent? These are the qualities to develop and improve upon as you create a business plan. When it comes to deciding what type of business to start, some think it comes down to passion vs. profit. Meiggs says it doesn't have to. If you follow something you're passionate about, you're more likely to push harder and succeed. He says you want to be in an "evergreen niche" that already has a proven track record, high demand, lots of easy to find customers online, lots of websites, social media groups, and competition.

Share:
More In Culture
On the Scene: Wild Captives Archery Range
Kendall Tichner, founder and CEO of Wild Captives Archery Range in Brooklyn, NY, joined Cheddar News to discuss how she got started after going viral with her skills during the pandemic and how it led her to open her archery range where she wants to cater to more women and LGBTQ+ communities.
Actor Andre Braugher Dies at 61
Emmy-winning actor Andre Braugher, best known in TV shows like 'Brooklyn Nine-Nine' and 'Homicide: Life on the Street,' died on Monday at the age of 61.
Load More