I'm feeling that it & # 39; s because we & # 39; s in we & # 39; s more we have a new quarter of a new year or more & # 39; ve realized that many more people are looking to start their own businesses. Sa a great owner and social entrepreneur, I think that 'sa great thing.
I often asked about my thoughts about starting a new venture, and candidly, I love the adrenaline rush, vision driving and strategy development a new business opportunity. There 's no time to the present to start to get yourself into the entrepreneurial mindset to consider if it make sense for you.
If I were speaking to someone right now starting as a new business owner for the first time, there are three essential things I would suggest they keep in mind:
- Do You Really Want to Be an Entrepreneur?
The truth is you will never work as hard as you do than when when you have a final decision maker on large and small decisions, but being an entrepreneur is not for everyone. Twelve hour plus days, including weekends, is not uncommon.
You may have other people working with you. You may be one of those leaders who have his professals to be the professionals they are, but as an entrepreneur, your responsibility is to understand every area of your business: sales, marketing, legal, finance and accounting, administrative, marketing, research and development, product development, etc. It takes a great deal of time to know all areas of your business and make sure they are working correctly. It & # 39; s an endless process.
- Do You Really Want to Go Into Business with Your Friends and Family?
A great scenario is this one you and your great partner, and good buddy, is not as hard working and as disciplined as you are and so resentment begins to build That 's recipe for conflict and the likelihood that your business will survive with internal friction exponentially decrees with the increase in tension.
Again, what happens if he & # 39; There is nothing to be part of your partner, but perhaps you decide to hide that partner, but perhaps you decide to hire that same good buddy to be one of your first employees because you trust him. There are countless examples of business owners who partly or hired friends or family only to be in a situation where the business has suffered (as well as the relationship) Because of anything from work styles to fraud. It & # 39; s very tough to separate from your business from your relationships without potentially ruining them.
- Decide if You & # 39; re the Cupcake Baker or the Business Owner
You will spend your day selling paint, dealing with customers and managing the books. Same goes for cupcakes or even widgets. The business owner That wants to grow his or her company is not going to be baking cupcakes exclusively but also running the business.
If you look for to grow, you 've got to focus on the total "business." As a business owner, the cupcake making, painting, music or widget making will only be one element, but it # 39 ; s certainly not the "business." The business is the promotion of your product, the price point, finances, customers, cash register, accounts receivable and payables, and payroll, etc.
I do not get anything in the world for my life as an entrepreneur. I love being a business owner and digging into all elements of my company and brands. It & # 39; s invigorating , exciting and no day is the same. Any business owner will tell you, however, that the pointed earlier are essential for seeing if the entrepreneurial path is really what you want.
