Do you have what it takes to run a successful business?
â€œAll objects remain in a state of rest until a force is appliedâ€ Newtonâ€™s law of motion
This is true of many of our aspirations in life. Things will definitely not move until we move. Action orientation is a major requirement for [tag]success[/tag]. The question now is â€œHow do I start?â€ or â€œwhere do I start from?â€ Even now, I know you are still battling with that question in your mind.
I have since discovered one fact in life, a job begun is a job half done. You may not have the clear picture of what you want to do but you need to start some how. The problem with most of us is that we feel we do not have what it takes to start. You know what? As long as you hold the belief that what you need to start is what you do not have, you will not start. And off course, you can not finish what you have not started. You have the magicâ€¦ You have what it takes to run a [tag]successful business[/tag].
Do you actually have what it takes?
In my studies of what it takes to be an [tag]entrepreneur[/tag], I discover that entrepreneurship requires character. You can not just wake up today and start a business. There are some characteristics that you must possess. I have been able to identify some of these. Look through them and see if you truly possess what it takes to own and run a successful business.
Guts: Guts means you must have an entrepreneurial instinct, which is an overwhelming desire to have your own business. You must have the guts and dedication to be completely devoted to your goal. Incidentally, devotion to your goal is much more likely if you have a love for your intended business. Life is too short to start a business that doesnâ€™t give you satisfaction and joy. And, through good times and bad times, you will stick with something you love.
As Solomon said,
â€œThere is nothing better for men (and women!) than they should be happy in their work-so let them enjoy it now.â€
Brains: While appropriate educational credentials are important, entrepreneurial â€œbrainsâ€ means more than scholastic achievements. To become a successful entrepreneur, you must have a working knowledge about the business you plan to start before you start it. Common sense combined with appropriate experience is the necessary brainpower. Prudence, follow through and attention to detail are very important.
Capital: I should have addressed this issue first. You will need seed money of your own plus sufficient cash to maintain a positive cash flow for at least the first year. Many businesses can be started on a very small scale with a small investment. Then, as the business grows and you gain experience, cash flow from your business can be used for growth.
In some cases you donâ€™t need starting capital to hire other people because you might start by doing everything yourself. The â€œdo it yourselfâ€ start is a good way to learn everything about your business and also makes you better qualified to delegate work to others later on. You can control your risk by placing a limit on how much you invest in your business.
If you think you have all these in place, then, start something in line the kind of business you want to start now. You do not have to start it full time. Start something now even while you are still working at your present employment. Some people started their businesses this way and some other will still do. What are you waiting for? START NOWâ€¦
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