Oh for a crystal ball that could tell you whether your business will be a success story or not. But unless you are used to consulting your astrologer on life’s decisions,nobody can really predict whether you are on the right track. No one can guarantee returns on all the time and money you are about to invest. You can get advice and support from others, but you are the one who needs to do some careful thinking to decide whether to take up the challenging job of building your business.
Dare to Risk : Its Decision Time
Should you or Shouldn’t you? will your business really work out, or will it be a waste of time and money? There are important questions you need to consider before starting out on your own.
Being An Entrepreneur Today – Business Priorities
A great idea for some could turn out all wrong for others. The success of a small or home based business is not so much that it is founded on a good business idea, but that is the right one for you. If you are thinking of starting up your own business. It is a good time to examine what you really want to do with your life and what is important to you. There are people who can comfortably juggle home and family, a job, and more. And then there are those who need to give their top most priority everything they have got. You need to ask yourself why you are thinking of your own business and write that answer down, It may be because you want to do something different , fulfilling and challenging, put your business instincts to good use and make the money you need, fill your time with something stimulating to do or even enhance your own personal development. Whatever your personal goal, the decision on how to achieve it s yours too make.
What it takes to Be Your Own Boss
Are you ready to be your own boss? Working at your own business can be lonely. it is almost inevitably risky. It takes certain skills and personality traits to make a success of. Do you have commitment to be self-employed? is it a true commitment or just a passing interest? how do you know you have got what it takes?
Am I Ready for Business
A good small business idea based on a workable match your interests,skills and knowledge, with what your potential market needs. You need to do a bit of introspection and research. What are your educational assets? do you have any special skills? list down your strengths – do you have good decision making ability(because you will need them if you are working solo) are requirements? are you a risk-taker? what kind of work interests stimulates you, making you feel good about yourself? This exercise will help you be realistic when choosing a home based or small business that is more likely to be successful. Also examine your business knowledge and skills and make plans to acquire the information or training you need.
Look at the other side of the coin too. What abilities and knowledge are needed by the job you are about to undertake?
What is the Correct Priority in Making a Business Decision
Your ultimate decision should be based on:
1) Your motivation, interests and skills
2) Compatibility with your personal goals and traits.
3) Your specific needs.
4) Your resources and estimated start up costs
5) Research based evaluation of the feasibility of idea
Your Decision Should not be based on:
1) Barely believable success stories on the internet.
2) The Idea that there is “nothing else to do”
3) The Idea that you loose nothing.
4) What someone else is doing.
5) What someone else thinks you should do.