Ready to start your own business? Many people feel they are, but have not found what you run your own business really requires. They are interested in setting their own hours of work, not having a boss and have unlimited income potential. These elements are the rose-colored glasses of owning your own business.
I will share with the five questions that really ask my clients budding entrepreneur.
Moolah
The first question is about money. Yes, it is a kind of truth you need money to make money, but you do not need millions. Do you have six or more months of living expenses an account of liquid? Or do you not need his salary to contribute to family income?
If you answered "yes", congratulations. If you answered yes, how long it takes for you to accumulate a reservation?
One thing to consider is your current lifestyle. Are there expenses you could eliminate or scale back that let you save additional money, if you have eliminated the cost, means you need less to live in the future.
Tick Tock
The second question is about time. Do you have a minimum of 30 uninterrupted hours per week to devote to your business? For uninterrupted, I mean as long as you're not seeing a child, doing laundry, running errands or telecommuting jobs.
A lot of people quickly answer yes to this question without thinking, so I recommend you have a calendar and draw an average week. Make sure you put in daily life, can take for granted, like picking up the kids school, do chores and exercise.
These items occupy a space in place of mental space, because they are repetitive and well give you the perception that you have more time than they actually do. Now, how many hours of uninterrupted time do you have?
When you have to drop the time? If it's 9-1, you could start an Internet business, but if you are offering a service to people or companies that want to do business for hours standard office.
If you find you have less than 30 hours per week, can not be the right time for you to start a business. A new company takes much time and energy upfront and it will take longer to build a solid customer base if you have no time to devote to it.
In the other side that if you are in transition from full-time job or knows will soon have more than 30 hours, agrees with the success of your business waiting for start and grow much slower than the average pace.
La La Land
The third question often surprises people. Does your personal life run fairly well? You are the center of your business. If you are also the focus of emotional chaos in his personal life, which will show in your ability to start and manage your business. If you are in the midst of a nasty divorce, adoption of their first child, moving to another country or have imposed some other intensely emotional event happening in his life, adding the stress of starting a new business could be sent directly to the farm fun, and if not there, business failure.
Get your personal affairs and then open for business. I coach many of my clients for six months to a year to get his personal life and financial cleaned before they arrive until the opening of their business.
One-Ring Circus
The fourth question is: do they work well for itself? Not everyone is made to work from home alone. If you currently work in an office, ask your boss if you can work from home for a week. See if you like working without external stimulation or an office environment. A day is not enough. You need to be home for a solid week to see how it feels to be isolated and solely responsible for each minute of your day.
If you find this not for you, you can open a business with a partner, or even several, or you can rent office space in an executive suite.
A lot of people like to work alone from home, but decide they are not as productive when others are not around or someone else set the deadline. Your level of self-managing the impact of this element.
Juggling
The final question is to make managing multiple projects and tasks simultaneously without having to overcome? If you answered yes, that's great, because that is exactly what you're going to have to do every day. You are the service provider, the department customer service, accounting department, human resources department, marketing department, the administrative department, the technician – ALL (unless you have a good amount of seed money and can hire help right away).
If you answered yes to this question, you can be a merchant or a woman who wants autonomy in their work, but that's not really an entrepreneur. The difference is that a businessman or woman who wants to do his specialty, such as massage, process improvement, executive coaching, but do not want to punch a clock or be responsible for all auxiliary functions of a business case.
If you fall into this category, I recommend one of two things. Buy the book by Michael Gerber, "The E-Myth Revisited" and see if he wants to stretch in the areas required to run a successful business or find a company or business that has put the structure in place and pays you as an independent contractor. This agreement allows you to control when and how much work without managing the day to day.
If you answered yes to all questions, then you're ready to go!
(c) 2009 Leah Grant Enterprises LLC.
WANT TO USE THIS ARTICLE IN YOUR EZINE OR ON YOUR WEB SITE? You may, as long as you include this entire blurb with it: New Business Mentor Leah Grant publishes Startup Success, a weekly eNewsletter. If you’re thinking about starting a new business or are in the early phases of entrepreneurship, get your FREE New Business Startup Kit including the Secrets of Successful Business Owners audio at http://www.leahgrant.com
DOG GIVING BIRTH
