A huge number of successful businesses\' such as Apple, The Cheesecake Factory,

Question

A huge number of successful businesses' such as Apple, The Cheesecake Factory, and E-Bay, were built around the personal passions of their founders. Consider your own personal passions. What do you love to do? What are you great at doing? Can you shape any of your interests into a business opportunity? Why or why not? Be sure to think big. For instance, if you love hanging out with friends and listening to music, a club promotion business might make sense for you. What steps would you need to take over the next few years to make your "dream business" real?

Explanation / Answer

I love to play chess, and I am also very passionate about the game. So I want to start an online gaming with social networking site for chess.

Strengths Weaknesses Opportunity and Threat analysis to start my business:

My available Strengths: I am having good and sound knowledge of the game and also the behavioral pattern of the chess players. This helps me a lot in designing the site.

As I am a software graduate and a close friend of mine is programmer and web designer, so I can take help from him to start up the business.

Weaknesses: As I am pursuing my education I am not having sufficient money to start up the business.

Opportunities: There are very few good online chess sites, and they offer pure gaming and also charge a fee to become a member and play chess.

So, my site is completely free to all users, and if my user base increases I can generate revenue based on the ads in my site.

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