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Starting Up A Business Plan

Nov 9, 2007
Though the benefits of starting your own business and getting out from under the soul crushing world of the workaday world sounds like the perfect thing for your life, it might be time to take a close look at yourself and make sure you have the tools and the resources necessary to make this change. As much as it may look like the dream you have been wanting, the simple fact of the matter is that not everyone is cut out to be an entrepreneur. Before you take the big leap of quitting your job and starting up a plan for your business, take the time to ask yourself some questions and make sure this is the right career path for you.

The first thing you need to be aware of is the amount of sheer money it will take to start your business. Even if your plans are limited to a simple website, you will need capital to produce your product and you will need money to market your business. Besides that, most businesses do not make money in the first year or so of operation. So you will need to have enough money saved up to support yourself and your family while you are waiting for your business to turn a profit.

One of the questions that finds itself onto just about every application for any job in America is, Are you self motivated? This is a question you are going to need to answer honestly this time, if no other. If you are the type of person that has to be gently nudged to do the things that need to be done, then self employment is not for you. The cultivation and operation of a small business is entirely dependant on the work you put into it. No one is going to hold your hand or tell you to do this or do that. It will be all up to you. Make sure you have it inside to motivate yourself to complete these tasks.

Make sure you are not going into business for yourself for the wrong reason. Some people mistakenly think that self employment particularly when it involves a home business is akin to winning the lottery. They envision this world where they work one or two hours a day and then go out and play on the beach or crash on the couch and watch television. Please do not believe this is what you will be doing. If you think you work too many hours now, just wait until you own your own business. Entrepreneurship takes more hours in a week than you put into your day job in two.

Now, of course, if your small business consists of something you have a passion for and love doing, then there will not be any trouble with that. Just do not get the idea that running your own business will free up plenty of time to play video games. There are other things to consider before making that big step out into the world of self employment but if you have satisfied yourself on the above concerns, you are probably ready to make a go of it. On the other hand, if you have decided its not for you, do not despair. There is nothing wrong with steady employment and the security and benefits that come with it.
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Obinna Heche. Los Angeles - California

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