How To Get About Starting A Small Business

People toy with the idea of starting a small business at various stages of their lives. Some think of starting a small business after their educational career is over. Some think of starting a small business because of unpleasant or unhappy situations they have encountered in their work places. There are also others who think of starting a small business, because that is the only way they will be able to work again following a break from work for reasons such as health or redundancy. Let’s hop on a call to talk business startup.

Toying with the idea is one thing, but if you are taking positive steps to get started, then certain myths associated with starting and running a small business should be dispelled from your mind.

1. Starting a small business might appear to be an easy option to many who are desperate to get out of a situation but running a business is not as easy as it appears to be.

2. The general impression created in the minds of many people is that you can make a lot of money by running a small business. A few people do make a lot of money by running a small business. On the other hand there are many people who loose a lot of money unfortunately due to lack of proper research and planning.

3. Another myth is that you are the Boss, so you can work when you want, relax when you want and go on holidays when you want. You are the Boss that is all to it. The rest simply does not happen because of other factors that come into play which will need your presence and attention most of the time.

One major blunder made by many small business entrepreneurs is that they never made any self assessment before starting. It is absolutely important that you do a self assessment to find out whether you possess the following qualities and capabilities that are necessary to operate a successful small business.

1. You must be of sound health.

2. You should be able to work on your own most of the time.

3. You should be self motivated and dedicated.

4. You should possess an outgoing personality and have the ability to get along with other people.

5. You should have the ability to work under pressure.

6. You should preferably have some knowledge about your business.

7. Failure is no option to you.

Let’s hop on a call to talk business startup

In addition to the above the following factors have a very important and significant impact in the success of your small business.

A good support system such as your spouse or members of your family.

Contacts in the business world who could help you with advice and help you promote your small business.

Good financial assets to help you start and develop your small business and sustain you during the early months.

Since they are popularly known as small businesses, many would be entrepreneurs are under the impression that it could be run in a slip shod manner. Most of the inputs necessary to operate a large business successfully are also necessary in the small business venture too.

Success does not come overnight. There could be disappointments and failures during the early months.Those who cannot withstand these pressures should not contemplate starting a small business.The ability to withstand all these pressures and remain motivated is absolutely necessary to succeed.

 

Let’s hop on a call to talk business startup

 

About the Author

Lena Benjamin

Lena Benjamin empowers business globally by tapping into over 20 years of multifaceted experience to incite action and progress. Her montage of expertise involves global corporations, charities, residential real estate including as landlord and real estate agent, startups, and eCommerce including developing the UK’s multicultural online bookselling business approached by Amazon in 2004. Lena has spoken at entrepreneurial and business growth events, with previous engagements at Entrepreneurs 2012 with special keynotes including Ruby Wax and Karren Brady and globally recognised UK Parliament and Association of MBAs. Lena’s work empowers business for entrepreneurs worldwide by offering services that can be delivered remotely. Lena has two London UK university degrees, a BA Hons in Business Studies in 1999 and a Master of Business Administration (MBA) in 2010. Global traveller across many countries and cities around the world, Lena resides in London UK available globally & remotely! Get in touch via lenabenjamin.com/contact.

With over 10 years of residential landlord, estate agency and built environment experience, Lena is Property Consultant at Benjamin Property Services, Helping you to find, purchase and refurb a home, investment or flip in London & Kent within the United Kingdom for clients worldwide. There's even an online club where you can join to access property wealth resources, deals and service discounts. Complete the process online to commission our services at benjaminpropertyservices.co.uk.