Bob Parsons, the founder of Inc. 500 winner GoDaddy.com offers his advice on which business idea you should pursue.  Excerpts include:

Find something that you love to do. Ideally, whatever you choose to do, you should be doing it without regard for money. Trust me, if you dig in and do well, the money will come. However, if money is your primary motivation you have two strikes against you before you start: If money is the driver you will tend to make short-sighted decisions. People who work just for the money tend not to work as hard as those who love what they do.

Also:

I’ve heard people say that I love this idea, but this particular business is already crowded. In response to that I say there is always room in any industry or business for someone who truly makes a difference. And I can tell you that someone who loves what they are doing often makes a wonderful difference. People who make a difference tend to stand out from the crowd and they are the ones who survive shakeouts.

So there you have it, also make sure to read our section on the business idea for more great info on picking the right business idea.

Related posts:

1. Turning Your Idea Into a Profitable Business!
2. 5 Ways to Screw Up a Good Business Idea
3. Execution Is More Important Than the Idea

This entry was posted on Monday, December 4th, 2006 at 4:05 pm and is filed under New Business Ideas, Starting A Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.