Archive for Start Ups
Small Business Owners In Oakland Getting A Jump-Start On Careers
(San Francisco) Oakland Mayor Ron Dellums announced a plan to create 10,000 new jobs in five years. But some small business owners aren’t waiting that long. Sherry Hu reports.
The Secret To Making Your Business Flourish
Anyone managing their own business will know that no matter how much time you have available, there is always something to do, but how come some business seem to be so much more successful than others, without appearing to do anything that differently?
The simple answer is that smart business people understand the concept of what money-earning activity is, and what it isn’t. The most frequent mistake made by small businesses is time spent on ‘cost-saving.’ This is almost always done without calculating the cost of the time spent on these ‘cost saving’ activities.
Basically, you can categorise all business activity into one of two categories. Stuff that makes you money and stuff that doesn’t.
Things that generally increase your income, the more you do them are; · Face to face meetings · Telephone calls
Meetings and or telephone calls with existing or potential clients and customers. Things that will always deprive you of this time include admin, being at the computer, dealing with paperwork or doing anything which is not directly related to generating additional financial revenue.
Sadly most businesses never get off the ground, largely due to finance!
What Is Your Reason For Starting A Business?
The quality each entrepreneur will need when starting their own business is dedication. It does not matter, what the potential of your business might be, unless you believe in it, how can you expect anyone else to? After dedication, comes commitment. From day one you will need to work incredibly hard, often sacrificing time spent with family and friends, to get your venture off the ground.
At an early stage you will need to ask yourself whether you’re prepared to make that kind of sacrifice and whether you can keep yourself motivated to put in those long hours.
The time will come, when you’ll need to dig deep, to find the kind of emotional resilience to keep you from losing the plot when there’s no one around to lend a helping hand. Many people choose to start-up a business for a variety of reasons. For some it will be an opportunity to escape the mundane nine-to-five existence and to commit their working lives to something which is a lot closer to their heart.
For others the motivation for starting-up a new business will come from spotting a gap in a market they know well. So while you do not need qualifications on paper, not just anyone can become an entrepreneur. If you think you’ve got what it takes, then it could be one of the best decisions you ever make.
