Tag Archives: Business Skills

Tips To Start And Run Your Home Business

What To Do In Order To Start A Home Business

Hey guys, sorry for the quietness, I am around, just have been busy on the drawing board working tirelessly for you on a project I am very  excited about and am sure you will be too. You will soon know about it

Now, in these tough times, it’s hard to make a buck. It can be hard to find a good job when companies keep shutting down. You can take advantage of good opportunities, even when the economy seems bad. The advice you find below will give you the way to make money in good times and bad.

I have recently been on an Enterprise Development Workshop to brush my skills and figure out areas of improvement in my own business and I discovered a lot more than I bargained for.

I learned there are a lot of things that are over looked when people start up in business, things like a writing a business plan, a marketing plan and I think more importantly our own personality self-assessment.

A few years ago I attended an Exhibition where I attended a workshop ran by an organisation that offered advise to small businesses and the first thing they asked us to do was fill in a questionnaire.

One of the question that was asked is has anyone in your family ever run a business? I thought to myself why would they ask such a question, what does it have to do with me starting my own business.

It’s only later on in the business I realised that there is a need to have the right qualities and traits required to run a business and that experience one gets from helping a home business will make a huge difference and this kind of assessment can give you an indication as to whether you are ready or not.

So I thought I would share some of the questions you should ask yourself before delving into you enterprise. You are going to have to be brutally honest with yourself and please do not overlook this exercise or dismiss it as mere common sense, it will serve you well. It made me think when I did it this time around.

Ask yourself…

  • Do you really believe that you will and can succeed come what may? Without absolute conviction you are not going to be able to withstand the pressures put upon you on those occasions when self-doubt creeps in.
  • Is your judgement sound? What about your instincts and gut-feelings about situations? Are they normally right first time or do you often make a bad decision when acting on impulse?
  • What is your motivation behind starting up? Be clear what it is that you intend to achieve and use those objectives as your focal point.
  • Are you confident in your product?
  • Are you comfortable selling it and believe that it is the best product on the market at the price
  • Have you got a ruthless streak?
  • Everyone likes to be liked, of course, but when push comes to shove are you prepared to bare your teeth How do you feel about undercutting a competitor to land a contract or sacking staff?
  • Do you accept that success with not be overnight?
  • Ambition must be tempered with a degree of patience – can you live with that?
  • Are you mentally resilient enough to grit your teeth and forge on when things aren’t going well? There’s no point in proceeding if you crumble at the first sign of trouble.
  • How much does your job security mean to you? Your income may not be regular and there is always the ever-present risk of failure. Can you cope in these circumstances?
  • Are innovation and imagination strengths of yours?
  • Are you open to new ideas and opportunities?
  • Do you react well to criticism or do you take it as a personal insult?
  • Do you learn by your mistakes or refuse to face up to them? To develop and evolve your business you need to be receptive and reactive to feedback, both positive AND negative.
  • Do you have the support of your family and friends? Are they prepared for you working longer hours at first and are they there to offer counsel and help?
  • Are you self-disciplined enough? Are you prepared to make sacrifices in pursuance of your goals? Are you willing to push yourself to your limits?

If you have mainly responded positively to most or all of these questions, you seem to have the right combination of determination, focus and imagination that will help you when it comes to clearing the hurdles of starting up and running your own small business.

If, however, you have ticked no to more than a handful of the boxes, you should consider whether you are really cut out for the rigours of running a business. It is a massive undertaking and having the proper attributes and character may well spell the difference between success and failure of your venture.

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