Small Business Startup – Do You Have What It Takes?

Starting and managing a small business is difficult. Do you have all that it takes to be successful in both the startup stage and the longer term?

In small business you are constantly subjected to mental strain.

You need to have a solid physical constitution because you may find yourself working greater hours than you ever did as an employee.

You need to handle uncertainty and anxiety and, if you make mistakes, you will need to accept the repercussions.

All that and no absolute guarantee you will even be successful!

The honest truth of the matter is that there are definitely many risks and rewards in regard to operating your own business.

You could start a small business and find two or three years down the track that your investment has gone up in smoke.

However, if you are actually suited to operating a business, you may find that it is one of the most amazing and fulfilling things you do in your life.

You can control your own destiny in a way that you never would as an employee.

If you succeed, you will have the satisfaction of carving out a place of your own in the business world.

And you may well find yourself wealthier than you otherwise would have been.

So, do you have what it takes to launch a small business?

Your initial step in becoming an entrepreneur really should be to evaluate yourself.

Can you accept the risks and the hard work? Are you the kind of individual who will be satisfied by the rewards offered as a result of running a business?

There have been a lot of studies of small business people that come up with different suggestions about just what makes them tick and what features they have in common that makes them successful in business.

They identify a number of very obvious things like; entrepreneurs as individuals commonly tend not to like taking orders– they definitely prefer being their own boss; that they are high-energy people; that they are enthusiastic about their enterprise; that they have the tendency to be sociable– which helps when it comes to marketing and selling of course; and they are self-contained and can work long periods in solitude and with no back up.

More than that, these people are resilient, can cope with rejection and failure and still come back for another shot.

They possess mental endurance and can exercise good judgment under stress.

They are firm decision-makers, but tend to act only after exhaustively examining all their options.

They are not gamblers – they will take risks, yet only after doing everything possible to maximize the odds in their own favor.

Now, that is quite a list of traits, but it’s still only half the story.

The other half is motivation – is it so strong that it will keep you going through the most difficult times?

You might be driven by your own character to want to start your own business but other people are driven to start up their own business as a result of external pressures.

They may be discouraged by their employer’s promotion policy, as an example.

They might feel that they are not really being paid according to their performance or perhaps their job may place excessive time constraints on them.

They may like to be in a position to determine when and where they work.

The main point to bear in mind is that not all motivations showcase the kind of active drive that compels successful business people – it’s not as simple as just ‘feeling’ that it’s right for you or even that it would be preferable to what you are doing currently.

Being half-hearted is no way to go into business – you have to be very driven to be able to put in the effort that will be demanded.

Once you decide that you do have what it takes to go into business, there are 5 things you will want to do to ensure you have the greatest chance of success.

1. Make sure there is a market for your product/service and develop your unique business idea. You should understand what you are going to sell, who you are going to sell it to and why they would want to buy it from you. To do that you will need to understand your market place, your customers and your competitors.

2. Assess the financial feasibility of your start-up by looking at your launch costs, your sales estimates, your fixed and variable costs and most importantly, how these numbers come together to identify your break even point.

3. Create a business plan that records everything you have discovered in the first two steps and sets out your business strategy for success.

4. Make up your mind how to you are going to finance your start up company and use the business plan to approach your selected financier.

5. Be aware of the legal prerequisites for starting a business and make a decision on what structures you will use to run the business venture.

All you need to do now is add the final ingredient of success– the guts to make a start and implement your plan.

The entrepreneurial spirit is what makes our world a fantastic place to live, and I encourage you to follow your dreams for small business success, from startup to highly profitable business sale.

Finding Business Focus

Get focused on Your Dream Business AND find Your Own Money Miracle.

Having a general knowledge of what your journey will look like will help you direct your energies like an arrow directing you on a quicker path to profitability.

“Visualize this thing you want. See it, feel it, believe in it. Make your mental blueprint and begin.” Robert Collier

When you are ready to leap forward and step out bigger in your life and business, you start to create the happiness and success that you are soooo wanting to have now.

  • Vision Your Dream to Reality: In order to have, do or be anything you must first be able to SEE it as a possibility.
  • Voice Your Vision from Imagination to Certainty: Once you BELIEVE you must set the vision into ACTION with focus and clarity.

Do you want guidance and support to move forward and then maintain the changes you are making? Then…

Get ready to leap forward in your business and life. Have clarity of purpose and focus.

Three of the biggest challenges facing people in business are:

a. Time
b. Financial pressures
c. Having a routine and having that linked with “feeling right” – that’s the incentive for keeping it going.

Focus helps us link our time and finances into a routine of feeling right and relieving the pressure of what we are suppose to be doing.

– When we have a list of key action steps to move our business forward;
– When we are in tune we start to see good results in our business and our lives;

Then, and only then, do we have power of focus working with us.

– We start to learn how to key in and eliminate the noise and clutter so we can accomplish great things in our business.
– We can be successful at anything in half the usual time by learning how to get focused and remain focused.

  • The power of focus and clarity keeps us on track to building our own successful business.

“Your ability to focus is the most important success skills you can ever develop… “ Brian Tracy

It’s time to take action!

  • Make it your intention to focus on action – motivation and… Know that it’s not just about mindset. You need to take the right steps to create what you desire.

Steps or leaps? Ready, Set, Jump into your Dream Business.

Now –

Value Our Business: This is where we have to invest – money, time, energy, commitment, faith, trust in our belief to success. It is also seems to be where most people get STUCK because part of VALUING what we want is ALLOWING OURSELVES to actually HAVE it!

Which means that you have to ALSO VALUE YOURSELF and BELIEVE that you are able to ACHIEVE AND RECEIVE Your Dream Business and YOUR Money Miracle.

“No one drifts to success.” Napoleon Hill

Do you need a business ‘start over’ – Visit: http://donnalward.com/coachinggroup/

Finding Business Focus

Get focused on Your Dream Business AND find Your Own Money Miracle.

Having a general knowledge of what your journey will look like will help you direct your energies like an arrow directing you on a quicker path to profitability.

“Visualize this thing you want. See it, feel it, believe in it. Make your mental blueprint and begin.” Robert Collier

When you are ready to leap forward and step out bigger in your life and business, you start to create the happiness and success that you are soooo wanting to have now.

  • Vision Your Dream to Reality: In order to have, do or be anything you must first be able to SEE it as a possibility.
  • Voice Your Vision from Imagination to Certainty: Once you BELIEVE you must set the vision into ACTION with focus and clarity.

Do you want guidance and support to move forward and then maintain the changes you are making? Then…

Get ready to leap forward in your business and life. Have clarity of purpose and focus.

Three of the biggest challenges facing people in business are:

a. Time
b. Financial pressures
c. Having a routine and having that linked with “feeling right” – that’s the incentive for keeping it going.

Focus helps us link our time and finances into a routine of feeling right and relieving the pressure of what we are suppose to be doing.

– When we have a list of key action steps to move our business forward;
– When we are in tune we start to see good results in our business and our lives;

Then, and only then, do we have power of focus working with us.

– We start to learn how to key in and eliminate the noise and clutter so we can accomplish great things in our business.
– We can be successful at anything in half the usual time by learning how to get focused and remain focused.

  • The power of focus and clarity keeps us on track to building our own successful business.

“Your ability to focus is the most important success skills you can ever develop… “ Brian Tracy

It’s time to take action!

  • Make it your intention to focus on action – motivation and… Know that it’s not just about mindset. You need to take the right steps to create what you desire.

Steps or leaps? Ready, Set, Jump into your Dream Business.

Now –

Value Our Business: This is where we have to invest – money, time, energy, commitment, faith, trust in our belief to success. It is also seems to be where most people get STUCK because part of VALUING what we want is ALLOWING OURSELVES to actually HAVE it!

Which means that you have to ALSO VALUE YOURSELF and BELIEVE that you are able to ACHIEVE AND RECEIVE Your Dream Business and YOUR Money Miracle.

“No one drifts to success.” Napoleon Hill

Do you need a business ‘start over’ – Visit: http://donnalward.com/coachinggroup/