Just the thought of starting your own business can be exciting! Having complete control of your time to serve others with products and services that you’re passionate about, along with unlimited earning potential can be motivating, yet challenging.
Despite this, you must be clear about where you stand as you venture out into the marketplace. Trying to figure it out along the way can be a recipe for disaster, especially when the most forward-thinking entrepreneurs often fail to achieve long-term success. Asking a few simple questions can increase your chances of success exponentially.
Why Do You Want To Start A Business?
Normally, people focus on the sunny side of self-employment, like the perks I shared earlier, but it’s going to take more than that to help you push through the tough times (of which there will likely be many).
Take some time to examine your motives. Who do you want to serve? What can you do better than others already in the industry you plan to take by storm? Look deep within yourself and ask yourself why you want to start a business in the first place.
I grew up the son of entrepreneurs, so having grown up watching my parents, I knew that at some point in my life, I’d almost surely launch my own business. My dad told me once that he felt that if you’re going to come home tired every night anyway, it might as well be for keeps. This is what I’ve come to believe as well. I’d rather spend my time serving others at a fair price, then working for a corporation that could downsize me without warning or explanation.
Those are my reasons. You need to be crystal clear about your reasons.
What Is Your Vision?
It’s important to have a vision that challenges and inspires you. Your vision should have short, medium and long-term benchmarks that will guide you as you carry out your duties to those you serve. Many people have tried to just “wing it” and found themselves in straits so dire, they’d have been better off not going into business in the first place.
During those dark times, it’s going to be your vision that keeps you in the fight. With a clear vision you will build the muscle of…