I always look forward to the December issue of Entrepreneur magazine. That's the issue that features the publisher's annual pick of hot businesses, markets, and trends for smart entrepreneurs - or those who aspire to be.

Some of the high tech businesses cited like mobile gaming or online learning tend to require six and seven figure start up costs. This can seem daunting (although not impossible) for the person just venturing into self-employment. So I've decided to focus on the markets, trends, and businesses that speak to someone operating on a somewhat more limited budget. Let's start with hot markets:

Since I've recently entered my last year in my 40s, I thought it only appropriate to start with this group (although like most boomers, I still have a hard time thinking of myself as anything close to "middle aged"). Not surprisingly, products and services for women in their 40s and 50s that center around anti-aging and menopause are hot. The magazine cites such promising areas as counseling, exercise spas, yoga, smoking cessation programs? any product or service that helps women stay healthy and feel good about themselves - both inside and out.

The reference to smoking cessation got me thinking? Residential treatment facilities for other forms of substance abuse are common- place, but I've personally never seen a retreat, spa, or other residential-type place specifically aimed at people who need help quitting smoking, and who would benefit from doing so outside their home environment. I'm picturing morning walks, meditation, massage, support groups, good food, and of course, lots and lots of punching bags!

According to market research firm Packaged Facts, last year 5 to 14 year olds spent $10 billion on food and beverages. Other favorite product areas for kids are sports, fashion, music, and technology.

And apparently home décor and remodeling isn't just for adults anymore (who knew?). Stores like IKEA and Pottery Barn are starting to selling home furnishing products aimed at teens.

With baby boomers having more discretionary income with which to spoil their grandchildren, babies and toddlers have also become hot markets. Online start-up ELittle Luxuries offers designer baby furniture and more than 600 other upscale baby items. (http://www.eLittleLuxuries.com)

After reading how much kids spend on food and beverages, it's no surprise that 15% of children and teens are overweight. But we adults have them beat. A whopping 64% of Americans are considered obese or overweight. Businesses that offer products and services to help people slim down and develop more healthy habits are the most obvious. But entrepreneurs willing to think outside the "solve the problem" box by looking for ways to make overweight people's lives easier verses trying to fix them, will also do well.

With the enormous appeal of stylish soccer super star David Beckham and shows like Bravo's Queer Eye for the Straight Guy where gay men help straight men with fashion, grooming, home décor, and social skills, a growing number of heterosexual men are allowing themselves to tap into their fashionable side.

One enterprising guy who jumped into the metrosexual market early has seen phenomenal growth. With $20,000 and a dream, Tom Granese launched Regiments, an online store that sells high-end grooming products for men. Less than two years later, Tom opened his first storefront in Dallas with a projected $210,000 in first year in-store sales.

HOT MARKET: Hispanics

The Hispanic market is certainly nothing new - in fact it's made Entrepreneur's list for many years now. The magazine cites opportunities in anything from food and entertainment, to financial services and Web services.

Now let's look at two of Entrepreneur's picks for hot trends in 2004?

Into gardening or design? According to Joanne Kostecky of the American Nursery & Landscape Association, and president of her own garden design company, the concept of outdoor living rooms that is so popular in the south and some urban areas is beginning to reach the rest of the country. The fact that more consumers are investing in courtyards and elaborate gardens means the gardening and outdoor design businesses are bound to grow!

Health and taste conscious consumers on the go are turning to fast- casual restaurants and chains. In my own small town of Northampton, two of the more popular joints are benefiting from the fast-casual boom. One serves upscale burritos (my favorite is the Thai burritos) and the other is a hip soup, salad, and sandwich joint that opened in a greatly remodeled former Taco Bell restaurant.

Idea: Back in my old softball days I always wished someone would cater to all those hungry players and fans by starting a high quality food wagon.

Other Hot Trends? Boating and water sports, the hunger for low- carb foods (a trend being taken seriously by restaurants, grocery stores, and food manufacturers), oils and sauces, and multiculturalism which includes the gay and lesbian markets.

Hot markets and hot trends lead to hot businesses. Here are some of Entrepreneur's picks?

HOT BUSINESS: Children's Enrichment Programs

With so many parents in the workforce, more kids than ever before are engaged in extracurricular and after school activities. If you like the idea of working with kids, you can opt to open a physical location like a gym, dance or art studio, or camp, take your program into the schools, or provide private lessons.

If you think opening your own place is financially out of reach, think again. While $12,000 is no small sum of money, it's a lot less than a lot of people might expect they'd need to shell out to start their own dance studio. But that's how much former dance student turned instructor Archer Alstaettter dug up in cash and credit cards to found Dance Emotion in Irvine, California. That was five years ago. Today Archer's studio has 500 clients and expects 600-plus to be enrolled by spring. You go Archer!

Remodeling, refurbishing, and redecorating are all the rage. There are some 30 cable shows on home improvement alone. And home improvement isn't all about décor. Worth noting are businesses that help home owners maximize the space they have as well as those making homes more accessible to an aging population. (To read about a unique, highly successful, and legitimate home business opportunity that matches home owners with reputable home repair contractors go to http://www.ChangingCourse.com/hrnsuccess.htm)

According to Entrepreneur, companies are bending over backwards to cater to the growing market of people practicing yoga. Clothes, mats, DVDs, music, and classes aimed at seniors, pregnant women and children as young as three are just a few products and services aimed at this growing market.

And with a reported 47 million Americans taking Pilates, a work out that builds abdominal muscles, opportunities abound for gym owners and instructors alike. If you like the idea of teaching Pilates, studio owner Maria Leone recommends starting out by keeping overhead low. She suggests renting space for one-on-one sessions from a small gym or chiropractic office. Fees for a typical Pilates session range from $50 to $70 an hour. Meditate on that!

According to the American Pet Product Manufacturers Association, Americans spent an estimated $31 billion on pets in 2003. A few of the luxury services cited include pet hotels complete with heated floors, limousine rides, day cruises, and personal shoppers. And apparently the spa trend has extended to the pet world with exfoliating treatments, aromatherapy, liposuction (I kid you not), and chiropractic services.

Outsourcing is one of those good new-bad news things. If your job is being eliminated because it's cheaper for your company to outsource functions like HR, accounting, and network security, then outsourcing is a bad thing. Outsourcing is particularly hot in IT - and when it comes to outsourcing jobs overseas, it's also controversial. The good news for freelancers is the federal government plans to open 850,000 jobs to outsourcing, with $85 billion in federal IT contracts to be awarded over the next three years

Other Hot Businesses: Spas, organic foods, online matchmaking, senior care, wireless, tech security, and voiceover IP (VoIP).

If you believe as I do that it's better to be the boss, than to have one, why not make 2004 the year you start putting your entrepreneurial plans into action? You don't have to quit your job or mortgage your home to get the ball rolling. You might resolve to do some research, start putting together a business plan, take a course on marketing, glass blowing, woodworking, web design, or whatever sparks your fancy, get certified to teach yoga, buy a book on how to launch a successful on-line business, start a Barbara Sher style Success Team? or just order a subscription to Entrepreneur.

If you don't already subscribe to Entrepreneur you can do so at http://www.Entrepreneur.com. The site also features a ton of free resources for anyone who already is - or dreams of - working for themselves. For other free resources for people who want to start their own businesses visit http://www.ChangingCourse.com/newbiz.htm

Okay, but what if you don't see a trend, market, or business here that speaks to you? Then find the one that does! I had a client who is crazy for horses and photography. It took me all of 30 seconds on Google.com to find a group called the Equine Photographers Network.

In addition to their conference this February in Florida, the group offers a free public online discussion group with over 700 members who range from top-of-their-field working pros to amateur photographers to magazine editors and writers to horse owners, all interested in improving their equine photography skill and knowledge. Learn all about the Equine Photographers Network at http://www.EquinePhotographers.net.

The way to find the "hottest" business idea for you is to get in touch with the passion that burns the brightest in your heart. Then make 2004 the year resolve to you take those first bold steps on behalf of your dream!

"Off the beaten career path" consultant, Valerie Young, abandoned her corporate cubicle to become the Dreamer in Residence at http://www.ChangingCourse.com, offering free resources to help you discover your life mission and live it. Her career change tips have been cited The Wall Street Journal, USA Today Weekend, Redbook, Entrepreneur's Business Start Ups, and on-line at MSN, CareerBuilder, and iVillage.com. An expert on the Impostor Syndrome, she's presented her How to Feel as Bright and Capable as Everyone Seems to Think You Are program to thousands of people

1. GET THE POINT - OF LIFE, THAT IS. How many of us will look back in our old age and wish we'd gone to more meetings or put in more overtime. The point? Despite pressure to "play it safe" by sticking with your day job ("...but dear, you have a good job, you want to be HAPPY too?") you have every right to follow your entrepreneurial dreams. With the realization that life is for living comes the understanding that it is up to you - and you alone - to create the kind of life you really want.

2. GET THE RIGHT PICTURE. Be honest. How much time do you spend bitching about your lousy boss, hellish commute and on and on? As satisfying as a good gripe session is, you're wasting precious energy on the wrong picture. Five minutes a day spent visualizing your ideal work-life and fashioning a plan to get you there will move you far closer to your goal than 30 minutes of complaining about what you don't want. Bottom line: You won't see yourself doing it until you can see yourself doing it.

3. GET CLUED INTO YOUR PASSION. The most successful entrepreneurs love what they do. Haven't quite figured out where your passion lies? Start paying attention to situations or things that grab and keep your attention. Focus less on your skills (what you CAN do) or your resume (what you HAVE done) and instead, try to tune into what it is you really LOVE and WANT to do. What types of things did you love to do as a child? What kinds of characteristics or talents do people compliment you on? What kind of work or lifestyles do you envy? If you don't yet have the knowledge or skills to turn your heart work into a business venture, make it your business to fill the gaps.

4. GET A GRIP ON "IT." In her book Feel the Fear and Do It Anyway, Susan Jeffers says IT is what scares you - and ultimately, what's holding you back from going after your dream. Perhaps your fear centers on money, or that you're not "smart enough," or that you'll fall flat on your face. Let's face it - shaking up your life is scary. Yet, "Unless you walk out into the unknown," says Tom Peters, "the odds of making a profound difference in your life are pretty low." So go ahead and indulge in your worst-case fantasy. Then get busy figuring out what steps you can take to prevent it from happening.

5, GET REAL. You've seen the easy money pitches: "Earn $1,000 a week stuffing envelopes in the comfort of your own home." Sounds great, right? Now, snap out of it! Launching your own business takes time and effort. You should also expect a drop in income - at least in the beginning. Now is the time to revisit the ideal life you outlined in Step 2 and ask yourself, "How much do I really want my ideal life? What am I willing to do or give up to get it?" If you are serious about living life on your own terms, the sacrifice will be worth it.

6. GET INFORMED. Change always seems scarier when you have either inadequate, or worse, inaccurate information. Go to the library. Join associations. Talk to people who have started similar businesses. Take classes. Read trade publications. Subscribe to ezines. The more informed you are, the less "risky" the risks become.

7. GET READY. A goal has been described as a dream with a deadline. Take out a calendar. Even if you haven't nailed down all the details, you should still go ahead and set a target date for when you want your "new life" to begin. Besides being a great source of motivation, knowing how much time you have between now and "D-ream day" lets you create a realistic plan for hitting it.

8. GET SUPPORT. Enthusiasm is contagious, but so is pessimism. Avoid the nay Sayers and try to seek out others who share your passion for living life on your own terms. Consider meeting weekly with other aspiring entrepreneurs to generate ideas, share information and help each other stay on track.

9. GET GOING. To keep from being overwhelmed - yet still make headway - break your larger goal down into more manageable steps. Then, no matter how hectic thing get, pledge to take at least one action a day. Even the smallest actions - jotting down a new idea, reading a single page, or making one phone call - start to add up. And, once you actually get the ball rolling, it's hard to stop!

10. GET GRATITUDE. At the same time you're setting your sights on achieving your future goal, be mindful of how much abundance you have in your life RIGHT NOW! Changing course is a journey. Count your blessings and enjoy the ride. When you think about it, it's all we really have.

"Off the beaten career path" consultant, Valerie Young, abandoned her corporate cubicle to become the Dreamer in Residence at http://www.ChangingCourse.com, offering free resources to help you discover your life mission and live it. Her career change tips have been cited The Wall Street Journal, USA Today Weekend, Redbook, Entrepreneur's Business Start Ups, and on-line at MSN, CareerBuilder, and iVillage.com. An expert on the Impostor Syndrome, she's presented her How to Feel as Bright and Capable as Everyone Seems to Think You Are program to thousands of people.