Before you Start

Are you driven to create the new business that you have been thinking about or are you just bored with your job and think that a new business will be less work?

Okay, so you have a great idea for a business start-up, but how far are you willing to go to make that idea for your new business into a money maker as opposed to a dream?

There are many questions that you have to ask yourself when you decide to Start your own business. You have to be totally committed to the idea and willing to work through any problems. If you think that your start-up small business is going to be easy, think again. It is difficult, but rewarding at the same time. You have to be prepared to meet any and all challenges that lie ahead or your business will not be a success.

When you have your own small business, expect to work hard and long hours to get your business going. You will be on your own, without anyone holding your hand along the way. The profit that you expect to make may very well be in the future as most businesses do not turn a profit in the first year. But, if you are strong willed and determined to succeed in your business, you will be successful.

Running your own business start-up is not only financially rewarding, but personally gratifying. You are working for yourself, to make yourself rich instead of working to make someone else money. Those who are the most successful in the United States are those who have an entrepreneurial spirit. There is an old saying “You never get rich working for someone else.” This is true. If you want to be truly successful, you have to have the guts to start up your own business, but be prepared to take on the challenges as well as reap the rewards.

Commitment is key to being successful in your own business. Before you start looking for business finance, be sure that you are totally committed to success. You need to be committed and passionate about your business idea and be willing to give it most of your time. You should start a business that you love, that you will want to continue to work on because you believe in the idea and the need for the business. Remember – if you are doing something that you like, you will never really work a day in your life. Those who succeed in their own business love the business that they are in and enjoy the work that it takes to build the business idea into reality.

Before you start your own business, ask yourself these questions:

* Can you put in the time it will take to make your business successful?
* Are you able to take on the challenges of a new business?
* Do you have people who will stand behind you with your new business, such as family and friends?
* Get a hold of potential clients or customers and talk about the business to determine their interests would they pay for what you have to offer?
* Do a marketing study such as offering sample products or services on a trial basis to see the general interest in your business. .
* Research your competitor’s businesses so that you can better understand your own business prospects learn their strengths and weaknesses and see how you
can capitalize on strengths and eliminate the weaknesses in your own business

Article by Anthony Oroko you can find more of his work here

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