There is no question that starting your own business will be one of the major decisions you will undertake in your life. Whether your business be a full-time opportunity or just something part time to bring in a bit of extra cash.
Let’s look at you, are you somebody who is looking to get out of the nine to five routine? Perhaps you are looking to start a business on a part time basis? Or maybe you are a budding entrepreneur with a hunger to start a business on your own?
Starting a business is one of the most demanding challenges any individual will face in their life time. The pressure and work load is sometimes too much for many new businesses to face and therefore they fail within the first year or two. The questions you should be asking yourself right now is whether you think you can handle the pressure, whether you want to give up full time employment (if that is your situation) and/or whether this is really where you want to go in life.
Starting a business is a big commitment and something that you have to be 100% dedicated to with a hunger to succeed. Remember that once you start working for yourself, a lot of your success depends on how well you do your own job.
No doubt, at this stage you will have many questions and worries floating around your head – this is perfectly normal. No business has succeeded without a certain degree of hard work and commitment. In the early stages of starting a business there isn’t such a thing as doing too much reading. With that said, read up on your topics and know what is required to start a business.
The thought of a challenge should always motivate you, so too should the thought of success. You should be willing to put absolutely everything into trying to make your business last in the long run. You should at this point be evaluating whether what I have been talking about so far is for you, because if it isn’t then maybe you should be thinking whether self-employment is the thing for you.
Many successful entrepreneurs, Richard Branson being a prime example started with little or no experience of setting up a business. He succeeded because he was motivated and dedicated to achieving the goals he set himself. Many months will soon be spent researching your ideas and finding viable opportunities to getting your business off the ground.
Something that you have to remember is that you’re not the only person out there trying to start up a business. You should also remember that companies such as Wall-mart didn’t become one of the most successful businesses of all time over night. With so much free information and assistance available to those who want to start their own business it can be done!
There are four things I would say your personality must have to give yourself the best chance to succeed:
– Desire to succeed
Choose a business that interests you..
It is common sense to figure that choosing a business that you are interested in fuels desire to succeed. Sure a business might bring you lots of profit, but if you’re not enjoying it and maximising your potential, what is the point in doing it?
Find a business area that you like..
For instance Electronics might be your thing, or perhaps clothing is your thing? Get involved in something that interests you, not only because you want to sell the items, but you like to use them and read about them.
At the end of the day, if you don’t believe in the product you’re selling, then how do you expect your customers too?
Choose a business that you think you can make successful..
You may think that this goes without saying, but truth be told a lot of people go into business with the attitude that if somebody else has made this product successful then I sure as hell can. That is not the right attitude to have. You should choose a business that you think can be successful rather than a business that has previously been successful.
It’s your business, and it isn’t going to succeed without your input. Time, effort and research are going to be key things that you as a self-employed person will have to accept. Motivation is make or break time. If you don’t have the motivation, then you might as well not bother. The work doesn’t get done itself.. 🙂
Business is a pressured area; As your business goes through the opening months you will have to deal with rough periods as well as enjoying the good periods. It’s important to keep your head up when things are down, and not get bogged down. If you have a family or partner then naturally these areas may be neglected slightly while you put everything into “the business”. Be tough and plan ahead to get you through this testing period!
By Andrew Adamson