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Preparations For A Sucessful Business

Aug 17, 2007
So you've heard that starting your own business is difficult. Guess what? Theyre not kidding. Starting a business, in many ways, is a lot like having a child and would you just have a child without thinking it through first? Before putting yourself out there think about your business and discuss it with others.

1. Are You Serious About It?

You cant get halfway through all this and have a sudden change of heart, or feel like youre doomed to fail. All successful business spend plenty of time doing badly before they start to pick up. You need to prepare yourself for a steady stream of failure being slowly replaced by success. Dont expect the world all at once.

2. Do You Have The Financial Backing?

You might have heard the old saying only gamble what you can afford to lose. Well, however you approach it, starting your own business is still gambling. A massive percentage of businesses fail in their first year. If your financial situation is such that you agonise over every small amount you spend, starting a business is probably a bad idea.

Put it this way: do not expect to succeed. Expect that you will fail, and always try your hardest not to. you will be pleasantly surprised if things go your way. Note that this doesnt mean that you shouldnt believe in yourself and your business simply that you have to realise the kind of odds youre up against, and stay realistic.

3. Could You Take The Stress?

Starting a business is one of the most stressful things you can do. It will affect you mentally, physically and emotionally. You need to be strong to deal with this kind of stress, and you need to have someone to turn to for support.

4. Are You A Survivor?

There are some people who always seem to make it in the end, regardless of what life throws at them. You need to be the kind of person whose response to things going wrong is to work harder and get it fixed, not someone who cries and goes into hiding.

Many entrepreneurs say that this, more than anything, is the secret of success. You need to be a never say die kind of person. You need to be always ready to try again, no matter what gets thrown at you. Remember that its not when things start to go wrong that you fail you havent failed until youve given up.

5. Be Prepared To Work Hard

If youve been doing a standard nine-to-five job, youre probably used to a world where its someone elses responsibility if the work doesnt get done you work as fast as you can for the hours youre told to, and if its not done on time then its the managers fault for not hiring enough people. When you work on your own, though, theres no-one to blame the buck stops where it starts, with you.

6. You Need To Satisfy Every Customer

The customer is your number one priority! You need to always be nice to them, trying to meet their needs. You have to remember that youre the most senior person they can talk to in this organisation, and you have to act like it when theres no-one other than you to handle complaints, you have to either give in to customers at every opportunity or watch them take their business elsewhere.

7. Is This Your Future?

If you dont love what you do, then sooner or later youre going to want to stop doing it and when you run a home business, thats difficult. Besides, you cant run a home business if youre always sitting and thinking about how great itll be when its the weekend. No, the only way to succeed in home business is to be absolutely sure that you really love what youre doing. If you can think of another job youd rather have, then youre in trouble.
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