How to start your own small business?
You would like to be your own boss yourself. You like to sit at boss grand chair, with your own desk, behind good amount of cash documents aren’t you? On thins condition you are dreaming about that electronics shop you always wanted to open, or any other shop that is for sale on the side of Main Street. Now you can make it happen.
Did you know that the state and federal government watch on small businesses show increasing development in new business ventures? That is true.
But, you should also aware that only 5% of business began today and them still in business for next 5 years or so on. This sentence can discourage you. Maybe so, but if you acquire the time to plan your new company venture and, more importantly, to actually think about whether you are ready to start a business, you can save yourself a lot of money, grief and time.
There are many training center and books on this topic available in market. I have just tried to cover it all in one shirt of article. I can not cover the whole instruction but some important point I want to share with you.
Let me start to ask you some question for good success.
* Can you afford your family and yourself for next 3 year if resign from current job?
* Are you ready to work part time to invest the earning money for your business growth?
* Are you good managing person and can you teach your employee your company aims and goals?
* Are you ready to take responsibility for your own success or failure?
* How is your credit in market? So you can get funding for your business for salaries, inventory, etc.
* Can you manage your timing schedule?
* Do you have network of links you can use to get services and supplies
* Have you good negotiating skills?
* Can you do hard work?
* Do you have enough money and assets to spend a reasonable amount in your business?
* Are you a good problem solving person?
* Are you not afraid to learn new things and technology?
* Do you know how to set up goals and measure outcome?
* Have you ability to achieve a goal in any condition?
* Can you communicate and work fine with others?
* Can you do your own accounting and bookkeeping?
* Are you a good sales person?
* Do you have your business plan and it’s achievement related articles?
* How long time you can work continues including holidays and vacation?
* Can you communicate your passion for your business to lawyers, bankers, and customers similar?
* Do you have ability to jump from small tasks to larger planning and larger plan to small task issues?
* Do you such employee, partner or resource who can work in absence of you? And you will be capable to afford to pay those individual.
* Can you manage your earning money from business?
* Do you understand the meanings of marketing, weight of marketing and know the difference between advertising and marketing for a large company and a small business?
If you are able to give those question answer in positively than you can start if not then you should learn or earn something more to start your business.
