Choosing a business to start is not one you should do without making some considerations.
Business success involve a lot of effort.
That’s why it pays to get your acts right from the onset, so that when you are working hard, you are at least sure that you know where you are going.
Below, I have listed 6 basic home work you have to do before saying, ok, I chose to do this or that.
1: The Right Mindset
Entrepreneurs who succeed in their business have a strong mindset that they will succeed even before they start their businesses.
You need to believe that you have what it takes.
Remember, most times, you’ll be alone, people will not understand you, you might have to let go of so many benefits just to re-invest in your business.
You might lose friends and trust. So consider now if you are ready.
There will be so many problems from Government and people, all trying to stop you and send you back to the village.
It’s only a solid mindset from the onset that will keep you going.
Look at the world of business men who have succeeded. Then encourage yourself and know that the pains are worth it.
2: Beware of Get Rich Quick Deals
I have been around in the business world long enough to know that get rich quick deals are actually the way to death.
I have personally lost well over 10m (Over $90,000) on get rich quick deals and thrown my life in harsh setback, debts and all manner of what I don’t want to talk about.
In trying to start your own business, be sure you don’t go after all those shiny opportunities that promise to make you rich in 2 or 3 months.
3. Never Go into any Business You Don’t Have Practical Know-How
There are many business ideas and opportunities out there. But before you invest in anyone, be sure you have acquired enough knowledge about the business.
Successful business men and women have deep knowledge of their areas of choosing.
4. Look Into Yourself
The best business is the one you will still be doing even when money is not involved.
For example, I love to teach. I can talk for hours and not get tired and I also love to motivate people and tell stories of other people. I love to write as well and I’m also fascinated with computer and internet.
Giving the opportunity to start my life afresh, I would only want to start businesses centered on these things I love.
This is what will keep you going when you have serious challenges that must surely come in your business life.
5: It’s Actually a Blessing to Start Small.
Never stake out your entire capital if you are just starting out.
It’s okay to start small. In fact, find ways to start very small.
Why would you rent a shop/store/office just to impress your friends and neighbors, when you can start with just distributing your products by hand for now? Who told you that those in shops make all the profits?
The point is whatever you have decided to do, try as much as you can to start small and let the business build itself.
6: Take Some Time to Pray and Think
I didn’t want to spiritualize this; else it’ll just be simple saying, pray until you have a green light concerning any idea.
Usually when you are looking for ideas, you’ll be greeted with hundreds of them. More so, especially now that you can just pull your laptop or phone and search for anything online.
But my friend, learn to take time and stay away from all the ideas and meditate.
Give time to spiritual meditation until you have a green light, a signal, a spiritual motivation, something, somehow, pulling you towards one idea.
You know why this is important?
YOU CANNOT SUCCEED AT EVERYTHING OR JUST ANYTHING. There’s something the universe has marked you out for.
Starting a business is one thing, succeeding is another thing. I believe that these ideas here will help you. Let me know what you think
To your success.