Before You Go into Business for Yourself

The world of business is one exciting but rigorous environment. When I made up my mind at the age of 18 to become an entrepreneur I was already familiar with all the big success stories. Luckily I was also aware of the long hours, frustrations and difficulties faced by most of the successful businessmen we read and hear about.

When you go into business for yourself you’ll be better off if you are aware and prepared for the ups and downs. Good potential entrepreneur will know the existence of obstacles and prepare for them.“You ought to be at least vaguely aware of what is expected of you. If you have the gene type of the Richard Branson, Dan S. Kennedy etc the following advice will serve to position you the more for entrepreneurial success and not discourage you.

– Be ready for long Hours and Frustration: The earlier you know that you may be expected to work long hours the better for you. The long hours will help you stabilize the business plan you have. Sometimes, like we all have experienced, you feel frustration creeping all over you when the results are not forthcoming. Being psychologically prepared for things, not going your way at first is important to your ultimate success as an entrepreneur.

– Be Ready To Face Financial Worries; Unless you have angel investors giving you all you need to get your idea started, you’ll surely have to do some serious planning. The best way to start be is to determined not to be stopped by lack of finance. Be prepared to give up a reasonable percentage of ownership and control for the funds you need much. Explore carefully all funding options available to you.

– Choose Your Associates Wisely and Plug Your Ears: You may hear lots of discouraging and unsolicited advice from friends and family. You definitely wouldn’t be praised for abandoning the “security” of a regular job to swim in the sharks infested waters of capitalism. So you’ll have to pick the right people to associate and work with. That way your ears won’t be stuffed with so much “You can’t do this” advice. When a relative knocks on the door and comes in saying, “ I can’t believe you are so dumb to leave that job,” smile and nod courteously. Hear them out but you are not obliged to heed them.

When you’re sure to take care of these little, important issues you’ll well be on your way to a successful business career

About the author

Chuks

View all posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.