Thursday, November 25, 2010

THE NEXT ENTREPRENEUR:ARE YOU READY?

Some Tough Questions To Ask Yourself Before Starting Your Own Business:

What does it take to make it big as entrepreneur? Probably come up with a good idea and the cash will start rolling in? Not exactly! For you to be successful as an entrepreneur or before you start a business, you might want to think about these, you might want to think about these- what qualities do you I possess and how will they impact my business.
A list of some these questions include:

(a) Are You A Self Starter?









 

With your own business, there’s no boss or manager to check your activities, to tell you what to do and when to do it.
You have to be a self starter to have your business up and running. You have to motivate yourself when it seems like the odds are against you. You have to see the silver lining at the end of the tunnel. This is one characteristic you must possess as a budding entrepreneur.

(b) What Is Your Attitude Towards Challenges?


Businesses are constantly faced numerous challenges. You must be ready to embrace and see challenges as a necessary factor for business growth. Challenges always come with key lessons.







(c) Do You Like Solving Problems?
 
Ability to think “out of the box” is a hallmark of every successful entrepreneur. Develop a knack for  problem solving. Do not always follow the crowd; think how things can be done differently.








(d) What Are My SWOT?

 

Recognizing what you‘re good at and what you‘re not good at will help you a lot in building your business. When you know your strengths, weaknesses, opportunities and threats, it will be easier to know when to delegate and when to bring in the experts. What skills do you need to learn or brush up to run your business effectively?






(e) Is Your Idea A Money Fetcher?

  Not every great idea makes money. A good business idea addresses a problem or a need and in return is rewarded. So test your idea and make sure it is profitable before you get started. Remember never to get your fingers burnt especially when it is avoidable.





 There are a host of other questions but these few will suffice for now. Until next time, don’t let the fire die.

Entrepreneurship is the answer!!!

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