We do not normally think of getting into business, in fact since there is no road map for success, it scares us. We feel that business is risky and there is no guarantee that we will succeed. A pay check is assured and most of us settle for that. Actually one of the often asked questions is ‘Why start business?” Well, the profit you earn is far better than wages for one, and it makes the risk worthwhile. Moreover you are not limited just to a salary.
Another great reason is that you are in control, even though it is a responsibility. The feeling is great even though it is not quantifiable in terms of money. It is great for confidence. Another big plus is that you do not have to live in fear of losing your job. This makes you take initiative and when the steps you take succeed, you are rewarded monetarily. It is true that it is a risk but if you fail, there is no one who will fire you and no one is going to blame you for mistakes and failure. So this risk is very limited.
The good thing is that starting a business today is much easier than it was a few years ago. It was all about location then, but now there has been a paradigm shift. Location is still important for land based business, but thanks to the internet, a business can be launched from your living room and it can have a world wide reach!
What you need to start business today is rather simple.
1.) You need a great idea, something that fulfills a need in people. You should feel good about it, and you can sell it.
2.) You really need to be passionate about having your own business since it is not a walk in the park. You need to understand that it will take hard work, but can be successful.
3.) You need to have a plan, a step by step well thought out plan so that you get to your goal easily without losing focus.
4.) You need to keep revising the plan, modifying it so that you can chart out your path and map the growth.
5.) You need to have a support group. The best thing to do is join a business plan with a strong mentorship or get a business coach. Your interaction with your mentor will help grow your business based on your own personality and your personal needs.
6.) You need to like the business; you need commitment so that you can identify with it. Otherwise you will lose interest in the gestation phase and quit.
7.) You need a strong accounting system so that you can control costs. Most of all you need to be able to survive for two to three years until the business starts giving returns. If you have a job, do not quit it immediately. You need to survive while the business is growing and getting established.
It is easy and economical to start a business today. You do not need to rent an office or even spend a lot of money stocking up goods for a retail outlet. The rewards are so generous, far beyond a weekly or monthly paycheck. Start business now, its so simple today.