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Thank you for Tessa, Jenny and MissSassy for your replies and great info.

One of my business ideas is an online store, I have been selling on eBay as a hobby for past 12 years. I even registered a domain name last year as I was looking at a second income before I was made redundant.

Today I started to feasabily study on each business idea – I have 3 in total.
I can already see that I will be down to 2 soon.