3 Things To Consider Before Starting Your Own Business |
Posted: February 16, 2017 |
We go through different scenarios everyday. Just like in the movies, we wake up and start our day. Strolling down the road or riding a taxi heading for work. Throughout the day we encountered different people, done a lot of things, tasted a lot of foods and have probably saw your soulmate across the street without even knowing it. Then, the same routine happen again tomorrow and the next day and the next…
Are you tired of this routine? Deep down you know you want to try something out of the ordinary. Well I guarantee that you’re not alone. Each and everyone of us has this dream of going on a vacation without any financial concern and backlogs from work when we get home. Sometimes we just want to stay in bed and relax all day. Get rid of all the hassles for being an adult and just enjoy, have fun, sleep, eat, hang out with friends and go shopping. Well, this isn’t the reality for us. In this world we have to strive to survive.
Being employed or having a job is a goal that everyone wants to achieve. But, once in while you will come to a point where it gets boring and redundant. These days a lot of people are more into business and turning into young entrepreneurs. Do you want to be one of them? If so, Here are the 3 simplest things that you have to consider.
1: What Business and why?
As for Why? Because even if you’re not a millionaire's son if you want to, there’s a way. Everyone has the right to pursue their dreams and goals in life. Your passion and determination for achieving your dreams should be the most important fundamental aspect for your business.
For a better option of on demand businesses Top 54 Best Small Business Ideas in the Philippines for 2016
2 : Am I Financially ready?
This is very important. In order to build a business one should be financially secured and ready. If you're planning to start a small business your capital should be more than enough for the whole expenses that includes tax payment and any other monthly bills. It is only safe to be practical and think ahead for future instances. Make sure that whatever your business is, the product’s quality should not be compromised under any circumstances. You don't have to be a math genius to calculate and sort your budget and expenses.
It would be great if you can start teaching yourself about financial techniques and strategies before entering business. Start now!. 10 Entrepreneurial Strategies For Success.
3: Can I do It/Am I Ready?
I’m sure you’re not the only person who asked that question. But then again you wouldn’t know the answer unless you try. Don’t be ashamed to ask advice or seek second opinion to those who are around you. Specially to those who are very close to you who knows you well. Of course, before you do, make sure that you are physically and emotionally prepared. This is just another startup test to measure your capacity to accept failure/success. If you can’t handle negative comments then you're not ready yet. Remember, there are a lot of people out there who will discourage and will try to put you down. What’s important is that you have a great wall of china sort of support system that no one can breach. Always think positive.
It is not only a question of What Business? Am I financially ready? Or When and Where? It should start with yourself. According to Entrepreneur there are 5 Signs To Know If You're Ready To start Your Own Business. If you have experienced these signs maybe now is the time for you to start and stop procrastinating! Success won’t come to you, you have to go after it. Opportunity is always there just waiting for those who is willing to grab it.
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