rss

Starting out…

13 Apr, 2009 admin Starting Up

Thousands of people set up their own businesses every year. Some do it because they want to work for themselves, others because they have a great idea and have spotted a gap in the market. And of course there are those (like me) that think they can make lots of money… and they can.

These are all valid reasons for starting a business. Commitment and motivation are vital and whatever it is that drives you to make it a success good.

Although enthusiasm is important, good planning is a must. Without a good business plan you could struggle to make a go of it.

There are many issues to think about:

- What will the business do?
- Where can it operate?
- Will I need to hire/buy a premises?
- Do I need people to make it happen, or will
- I be flying solo for some time?
- Can I fund the business myself, or do I need financial support?
- How long will it take to get the business into profit?
- Have I got what it takes to make it work?

There is no right or wrong type of person to run a business. If you are determined to make it succeed, and are prepared to work long hours, then you have the ingredients for success.

If you look at top business people, the one thing they have in common is determination.  They do not give up at the first hurdle and they keep going until they succeed.

Obstacles and setbacks

There will be many of these but how you overcome them will be critical to deciding whether or not you will ultimately succeed. If you are not the sort of person who responds well to setbacks, you ought to ask yourself whether you are the right person to be trying to get a business off the ground.

Finances

You need good advisers – usually an accountant and a lawyer – when you are handling complex issues such as finances, tax and business law.   All businesses require a certain amount of administration and you will have to spend time going through paperwork.  If you tend to bury your head in the sand and ignore detail, you need a good right-hand person who will concentrate on the detail.  Not all great business leaders were good at the small print, but all good business people have someone close to them who is. I suggest finding someone who can make sure that you are made fully aware of this.

Share this post:
  • email
  • Add to favorites
  • PDF
  • Facebook
  • Twitter
  • Digg
  • MySpace
  • Google Bookmarks
  • del.icio.us
  • NewsVine
  • Ping.fm
  • Reddit
  • Yahoo! Buzz
  • Technorati
  • StumbleUpon
  • Sphinn
  • RSS

About admin

Leave a Reply

About The One Man Mission...

Hi I’m Phil. Welcome to my blog, where you’ll find useful information on web design, development and online business advice.  I’m a creative director for a digital agency in Manchester, UK and I also freelance web design also.  Currently setting up and developing a new online business, I am here...

Read More »

Find me at:

  • twitter
  • facebook
  • linkedin
  • youtube
  • flickr

Photos on Flickr...