Starting your own business starts with your dreams, ideas, desires, a whole lot of time, commitment, worries and bumpy roads, yet it doesn’t have to be scary and complicated. Like any big challenge if you prepare as much as possible the ride will be somewhat more of a smooth. For the individuals who (are doubting thomas’s) or have some sort of fear of starting a business, here is a great starting point…. an essential list of “need to know” 10 reality checks before starting your own business, to help all those who are lost or have a fear of getting started.
Reality check, brain check, business check…whatever you want to call it….
- Research your startup needs, the business requirements, what is the type of business you want to get into? What do you love to do? No really, what do you love to do?
- Understand that starting your own business is full of hard work. Can you commit to being overworked and underpaid to achieve success?
- Will your idea or business fill a need? Can you offer something unique, do you have a special niche?
- Do you have a business plan? Even if you are starting part time you need a plan of the road you will go down. You can always make adjustments because there will be turns, bumps and complete stops. Design a plan.
- Will the market you are interested in promoting continue to expand thru the years, will you be able to include other niches, products and services?
- Will you be able to give total commitment, dedication and hard work to follow thru, to get the job done?
- Can you accept and handle all cost, business requirements, marketing needs, can you wear all the hats? Are you ready to tackle whatever it takes to keep your business and website running smoothly?
- Do you have a network of people or a mentor to rely on, to get answers and help when needed?
- Do you have a vision of where you want to be. Do you have that burning desire that will continue to push you towards success?
- You will have to contend with the fact that your customers will be your bosses. Fulfilling their needs and wants, determining what is expected from your work ethics and handling complaints and issues.
What would you compare your business too?
Many consider their own small business as to the similarities of being a rider on an amusement park ride. Taking in all of the highs and lows of a coaster ride, not knowing where the turn in the ride is going to take the rider, that climb to the top that takes forever. The thrills, the heart stoppers, sometimes even the feeling of sickness from absorbing the unknown effects of the uniqueness thrill of their business ride.
Interesting enough when you get to a certain point on that business ride, you can find it leading up to the rewards of amazing success or mediocre results. It all depends on you expectations, how much of yourself you put into the ride, the wait, and riding out all of those lows and those unexpected changes.
Other “thrill ride anomalies” or “ready to take on the challenge” issues to consider … with you being the boss you will:
- take on all responsibility, take on the problems, the headaches
- have to remember that reality does not always fit into your dreams
- need to find a way to deal with reality of life
- will have to keep going when it seems as if you are going through a drought, or hit a dead end
- discover that people who want to succeed with their own business will achieve goals if they follow a plan, work with a mentor in the same field, put in the time, and are dedicated to helping others.
- be putting in long hours on a daily basis, even on weekends to fulfill the commitments of being the boss and this will continue as long as you control your own business. It is up to you how efficiently you handle your hours
As a business owner, (no matter what type it is, brick and mortar, internet, home based) the 10 reality checks before starting your own business that I have just listed is just a starting point to get you going.
With the power of the internet, you can now set up your own business in very little time and follow other internet entrepreneurs who are having great success with their own online website businesses.
Surveys have shown that thousands of individuals, including millennials, those who are close to retirement or in retirement years, those who fear the fact of losing a job, and those who are looking for success in life, are get their ducks in a row and are discovering their options to start out on their own.
An excellent idea is to start out part time while you have income coming in from your present job and build your internet business.
Many are giving up the job hunting process and are now turning to the advantages of starting and running their own small business especially online.
- how much of yourself you put into it
- how you plan out the ride ahead of you
- what you expect the end results to be
In today’s technical world you will need a website with your business, no matter what type and where you are going to conduct business. If you go the route of entirely doing business online make every attempt to find::
- a mentor, a network of business people who have the same desires of achieving success as you do.
- a legitimate quality program that you can start out with
- the right web design and web hosting ( you absolutely can do this on your own,)
- quality traffic and promoting your site is a must
The 10 Reality checks before starting your own business listed here plus the other tips are just the beginning of your success. Always keep learning, always keep pushing yourself. Never ever give up! Remember, do what you love and the money will follow.
Never stop learning….Angela