Starting A Business

Starting a business is an exciting but demanding task. Below you will find some important questions to ask yourself before you start. Also included are some personal qualities shared by many successful entrepreneurs. Measure yourself. Find out if you are a budding entrepreneur. To get you going, we have included some ground rules for establishing a business.

Am I ready for the challenge and ready to take the risk?

Do some soul-searching and ask yourself whether you are absolutely sure that you are well suited to running a company. How much are you willing to stake and what are the potential risks you will face?

Starting a business and nurturing it takes a lot of time and effort. Ask yourself these question:

Will I be dedicated to this venture?
How much of my time and myself can I commit?
Can I manage the stress on myself and my family and friends at the start-up stage?
How can I manage my time effectively?

You could be looking at long hours that will test your character in many ways. Can you handle that? Does your venture motivate you enough to make you go for it?

A good way to get started is to think about how you would organise yourself. What would your goals and targets towards set-up be? This could be your greatest source of motivation. List them down in order of priority and give yourself a timeframe for completion. Reward yourself for every bridge you've crossed.

A successful entrepreneur is one who:

is motivated and who is able to motivate those around him / her
is able to manage time effectively.
has the ability to leverage off strengths and overcome weaknesses.
manages resources well.
considers health as well as wealth.
is flexible and able to adapt well to change.
is willing to learn from others.

There are lots of points to ponder before deciding to become an entrepreneur & you may need help in coming to that decision. Invest in some thinking time before you swing into the venture. Prepare yourself mentally. Prepare others around you for the set-up of this venture - the emotional stress will be lesser in the long run.