Redundancy, family commitments, independence, these are some of the reasons some people choose to explore the possibility of starting their own business.
Personality Check Before you decide to start a new venture, analyse your personality and carry out a reality check on yourself.
If you are an employee, what are your strengths that are mentioned the most and what weaknesses are you told to work on? Family and friends can also help identify your strong points.
If you are a disciplined person who arrives at work on time, carry out tasks within deadlines, has good interpersonal skills, commit to tasks and also has a determination to succeed.
You probably have the discipline required to work for yourself and run your own business.
Identify your Passion To determine what kind of business you can do, you need to identify your passion - this being what you love to do.
Do you love cooking or are you passionate about personal finance, fashion or computers? When thinking of starting a business, it is always best to follow your passion as you tend to put more energy into what you love to do.
A lot of people stay in dead-end jobs for years whilst they endure the pain of seeing other people succeed in the things they love to do.
Rather than sit on the fence and watch life pass you by, you might need to step out of your comfort zone and give your passion some room to flourish.
Start off Part-time The best way to start off is on a part-time basis.
Do not quit your day job to try out a new venture if you are unsure or want to hold onto some certainty in your life.
Try juggling the two and see if your new venture has the potential to grow.
There is a new trend of business entrepreneurs called "the 5 to 9ners".
These are individuals who maintain a day job and work on their own business after work hours.
This is a great way to start off but you must exercise a lot of disciplined to make it work.
You should create a daily routine for yourself to be able to carry out your normal tasks alongside your new business role.
You must have a to-do-list that you follow religiously on a daily basis.
This should include your work/life schedule and time you dedicate to building and promoting your new venture.
Get Help There are various organisations that can help you start off your own business, such as business link networks, high street banks etc.
If you have a viable business idea and you are unsure of starting out on your own, visit one of these organisations for a sound evaluation of your business concept.
So if you have a business idea that you think can provide a solution to a problem or meet a need.
Waste no more time thinking about it, get going and make it work.
Personality Check Before you decide to start a new venture, analyse your personality and carry out a reality check on yourself.
If you are an employee, what are your strengths that are mentioned the most and what weaknesses are you told to work on? Family and friends can also help identify your strong points.
If you are a disciplined person who arrives at work on time, carry out tasks within deadlines, has good interpersonal skills, commit to tasks and also has a determination to succeed.
You probably have the discipline required to work for yourself and run your own business.
Identify your Passion To determine what kind of business you can do, you need to identify your passion - this being what you love to do.
Do you love cooking or are you passionate about personal finance, fashion or computers? When thinking of starting a business, it is always best to follow your passion as you tend to put more energy into what you love to do.
A lot of people stay in dead-end jobs for years whilst they endure the pain of seeing other people succeed in the things they love to do.
Rather than sit on the fence and watch life pass you by, you might need to step out of your comfort zone and give your passion some room to flourish.
Start off Part-time The best way to start off is on a part-time basis.
Do not quit your day job to try out a new venture if you are unsure or want to hold onto some certainty in your life.
Try juggling the two and see if your new venture has the potential to grow.
There is a new trend of business entrepreneurs called "the 5 to 9ners".
These are individuals who maintain a day job and work on their own business after work hours.
This is a great way to start off but you must exercise a lot of disciplined to make it work.
You should create a daily routine for yourself to be able to carry out your normal tasks alongside your new business role.
You must have a to-do-list that you follow religiously on a daily basis.
This should include your work/life schedule and time you dedicate to building and promoting your new venture.
Get Help There are various organisations that can help you start off your own business, such as business link networks, high street banks etc.
If you have a viable business idea and you are unsure of starting out on your own, visit one of these organisations for a sound evaluation of your business concept.
So if you have a business idea that you think can provide a solution to a problem or meet a need.
Waste no more time thinking about it, get going and make it work.
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