Every one of us wants to be financially free and secure now or possibly sometime in the future. Am sure there’s no argument about that one. And more often than not, owning your own personal business that ensures you never have to worry about your finances tends to be one of the best ideas around. Yes, to have healthy finances, a good business with good, steady income is very necessary and would be most appreciated. At least I know I’d appreciate it BIG TIME! And I have a few good ideas on how you could make that happen for yourself.
Owning your personal business is always a dream for many but it’s not always that easy to start and run. And that’s usually because of a few things we tend to overlook in our quest to be business owners. In this article, I’ll pay more attention to the small business owner because that’s what I am primarily myself and the little I’ve learnt over time will definitely be of benefit for you. So, the following tips are key:
1. YOU MUST LOVE THE LINE OF BUSINESS:
Never go into a business you have no love for. The reason for that is because, being a new business, it needs plenty of attention and work and all of that will stretch you. So, if you have no love for it, should you not be getting the kind of immediate results you expect in time, it will frustrate you and possibly demoralize you to the point of an early quit from that line business. Is it a business that you've had building up in your head for some time? Is it your creation or an idea you've always wanted to work on and see come into fruition? This is important so that you're not just jumping into a business simply because someone down the street started a similar one and is doing well. There's something apparently driving that person's success; make sure you have yours.
2. DECIDE WHAT YOU REALLY WANT:
Running a small business can be a sweet dream, yes. But if you already have a job, you need to decide whether you are going into it as an aside/additional source of income or whether you intend to make it your mainstay of income and quit your job. Why so? It’s because the logistics and time for each are not the same and whichever one you choose will play out the choices you have to make in its daily running. So, be sure.
3. BE SURE THE BUSINESS IS LEGAL:
You certainly don’t want to go into a business or an industry that doesn’t have the approval of the Government. That won’t be nice. Also do all you can to obtain whatever permit or license that is mandatory for that line of business so that you don’t run into trouble with the regulatory authorities over your operations.
4. AGGRESSIVENESS IS NEEDED:
Let me not kid you; to run your own business isn't as easy as A-B-C. But it has its rewards. However, you will need to be aggressive in running it, especially in the early stages of the business and at the points when expected or proposed dividends aren't rolling in. You must understand that you aren't the only person in that industry and that it takes quite a lot to gain customer confidence, loyalty and continuous patronage. So, you must aggressively keep at it and not be slack in all your business operations.
5. SEARCH OUT RELEVANT RESOURCES:
Like I said in Point 4 above, you aren't the only one in that industry; there are others who equally desire to make hay, as it were, when the sun shines in that area. So to help you build your business, you must constantly look for relevant resources/information that relate to it. Changes occur almost daily in this life and more so in business and having access to the right kind of information will help you stay in the game and also help boost it. In our world today, the internet itself has become a veritable source of very vital information; make use of it.
6. TIME MANAGEMENT IS VITAL:
Proper planning and organizational tools are very important and can help you plan and execute your daily activities as regards to your business. You can’t afford to toy with time when it comes to business. It is one key element that binds your business with your clients, the goods or services you provide and your possible profits. Therefore, the best management of your time would make all the difference to you and where you hope to see your business get to.
7. TRY TO ENCOURAGE YOURSELF:
Running a business will get to you, make no mistake about that. It has its pressures and you must guard against that. You must understand that you are actually competing against yourself and not necessarily against others even if they are in the same industry as them. So constantly endeavour to tell yourself that as a way of encouragement especially when certain business goals aren't being met as originally planned.
8. PLEASE, GET A MENTOR:
For where you want to get to in business, you will need to learn from others; especially those who already have gone that route before and have proven testimonies of achievements that you can lay hold of. They may be physical mentors, those you can meet one-on-one and get good tips from, or those who aren't around your vicinity but can be reached via emails or phone or books or CDs or DVDs. The most important thing is that you can learn a lot from them concerning the line of business you have chosen to make your living from.
9. FIND TIME TO RELAX:
Try to relax and rest whenever you are tired from all the push you give yourself as regard your business. It helps a lot to have hang outs with friends or you visit pleasure places like a beach, an amusement park, a zoo, etc, because it allows your head to breath.
P/S:
Your comments about this post will be greatly welcomed. Thanks loads.
