MOST of us dream of being our own boss. However, it is not so easy being in a business that succeeds and continues to flourish. If you are thinking of starting a venture that can sustain itself past the two-year travail-time, then have the following resources in place:
Firstly, ask yourself the question: "Am I the type"? Remember you will be your top employee! Rate yourself objectively. Evaluate your strengths and weaknesses. If you need retraining do so or hire somebody more competent.
Be Committed! Successful entrepreneurs make it their mission to commit to their venture. Work is their heart and soul. You may need to forego luxuries like a regular pay packet, holidays and almost certainly sacrifice your weekends.
Be a type `D'--someone with desire, drive, determination and discipline. Never say, (you) never can! It is not just enough to have good ideas; you should have the tenacity to follow through.
Believe in your product/venture and work hard to make your people believe in it too. Know as much as you can about the various aspects of your business
Create a business plan (after the prerequisite market research) and stick to it. No amount of determination and discipline can help you if you do not have the knowledge of how to run a business successfully.
Have a great backup. While you may like to run the show alone, you most definitely need the support of others like your spouse and friends. They can provide you with the advice and encouragement needed to keep you going.
Cultivate the sassy six above and you'll be well be on your way to success!
Firstly, ask yourself the question: "Am I the type"? Remember you will be your top employee! Rate yourself objectively. Evaluate your strengths and weaknesses. If you need retraining do so or hire somebody more competent.
Be Committed! Successful entrepreneurs make it their mission to commit to their venture. Work is their heart and soul. You may need to forego luxuries like a regular pay packet, holidays and almost certainly sacrifice your weekends.
Be a type `D'--someone with desire, drive, determination and discipline. Never say, (you) never can! It is not just enough to have good ideas; you should have the tenacity to follow through.
Believe in your product/venture and work hard to make your people believe in it too. Know as much as you can about the various aspects of your business
Create a business plan (after the prerequisite market research) and stick to it. No amount of determination and discipline can help you if you do not have the knowledge of how to run a business successfully.
Have a great backup. While you may like to run the show alone, you most definitely need the support of others like your spouse and friends. They can provide you with the advice and encouragement needed to keep you going.
Cultivate the sassy six above and you'll be well be on your way to success!
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