I can Create Business

Things to Consider before Starting a Business

Starting a business can be an intimidating idea to think about. New establishments are looked upon as fragile and volatile. Usually, starting a business also requires some sacrifices, like the need to invest your hard-earned money and a great deal of time and effort without assurance of success. These are only some of the reasons why not everyone is enamored by the idea of putting up their own businesses. Others just do not have the confidence to pursue their ideas while others may not even know where to begin.

Whether you are a student struggling with student loans, a senior citizen looking for additional income or a young businessman looking to make it big on the market, starting a business will surely help you increase your finances. Your circumstances or your reasons for creating such an endeavordoes not matter when starting a business. What matters is your plan and strategy in turning it into a success.

Theodore Henderson who is partnering with the Entrepreneur Strategies Academy gives up and coming businessmen the chance to learn from the best. By enrolling in his one of a kind entrepreneurship course, you will gain the opportunity to learn from his knowledge about the business. A highly experienced lecturer and author, his various experiences in the field are great starting points to be better equipped in your journey towards entrepreneurial success.

In the meantime, let this list of the top 4 things that you should consider before starting a business curb your curiosity.

#1. Look and evaluate your skills

By examining what you can offer straight to the table, it may help you narrow down the possible services or products that you can sell. For some, their hobbies, like baking or crocheting, serve as their basis when creating their business.

#2. Look for a problem and see if you can solve it

Look for a problem that needs to be solved. Look for gaps in the already existing knowledge. Try to match the different problems to their corresponding solutions and match those solutions to your existing talents. In doing so, you may find a problem, which corresponds directly to your abilities. By looking for one problem and focusing your resources to provide a solution, you will most likely earn a profit.

#3. Make it original

Think of unique ways to make what you do original. For example, if you are thinking of developing a baked goods store, maybe crafting new flavors or inventing a new tasty treat is your ticket to success. Anything that you think will make what you offer different from other similar business can increase your chances of success.

#4. Define your intended audience or customer

You need to find out if there is actually a market for your products. You can do this by conducting polls and doing a survey. Also, by defining your target audience, you can improve the realiability of your products.

Attitudes You Should Have When Starting Your Own Business

Not every entrepreneur is the same. Some are born rich, some have university degrees, while others have none of these. Having a lot of money and a degree is not a requirement to be a successful business owner though. There are those who are not so wealthy and do not very impressive educational backgrounds that have succeeded as well. It’s just a matter of having these five characteristics. Make sure you develop these when starting your online business.

1. Thinks Clearly

You need a clear mind so you can absorb information about many different home business ideas. Learning as much as you can is a very important aspect of starting your own business. More so, you should avoid having a worry-filled mindset. If you always think about what can go wrong, then you can’t sleep well at night, and you can’t think clearly. Worrying too much will greatly affect your efficiency in managing your business.

2. Communicates Effectively

As a business owner, you should have good communication skills. You should be able to share your ideas to your clients and employees in ways that they will easily understand. Otherwise, how can you convince people to buy your products or to support your small business? If you can’t communicate well, you will miss a lot of opportunities to turn your online business ideas into reality. Business owners need to talk to people often. It’s part of their job to get clients, business partners, and many other activities that will help to grow the business. Thus, you really have to be a good communicator to succeed.

3. Pushes Himself / Herself

You can’t just rely on others to push you forward. Most of the time, you have to motivate yourself to keep going on the path towards success. Your friends and family are not always there, and more often than not, they’ll be less dependable when you’re facing challenges with your business. There could even be a few times where you’re all alone. Not everyone shares your vision and wants to realise your dream as much as you do. With that in mind, you should be able to keep pushing yourself forward without needing help from others.

4. Performs Consistently

Making your business take the “number 1” spot is hard, and keeping it on top is even harder. For this reason, consistency is your friend. If you are unwavering in carrying out your plans to grow your business, then you’ll most likely stay on that top spot for long. It doesn’t mean that because you’re now number one that you should slack off and give up. That’s not how business works. Anytime, someone else can dethrone you from the top rank. You should be committed to continue working hard for your business.

5. Really Wants to Succeed

Undeniably, the best way to succeed is still through passion. Having that burning desire to succeed in your home based business is a powerful thing that will drive you towards your goal of success. It doesn’t matter how many times you fail; you can always get up and move on. Keep your eyes on the prize and keep pressing on. Don’t be afraid about what others will tell you, and don’t mind them if they ridicule you. Just focus on your business, your vision for it, and what you want to achieve out of it!

If you have these five characteristics, then you are well on your way to be a smashing success! Your efforts will surely pay off soon. Keep the dream alive, and keep on going with your online business!

Is Starting a Business the Right Move For You

Dream Big

Dream big, work hard, and stay humble are the best words of advice anyone can give you, and self-belief goes a long way. It’s okay for young entrepreneurs to have big dreams; don’t underestimate what you are capable of. Steve Jobs was only 21 when he co-founded Apple. Don’t let the opinions of others impact your future. Don’t just think you can do it… KNOW you can do it. Believe in yourself and your dreams. Include others and get help from people you trust, people who have achieved what you want to achieve, to fulfill your dreams.

I’m proud to say that many have helped me along my path, and I’ve helped many. Without the help of people more experienced than myself, my latest achievement wouldn’t have been possible. Many others were a part of my newest project, an e-book about photography, and it’s one of my greatest joys to help other dreamers succeed as well. From the business owners and clients I serve, to the talented team I’ve hired and trained, to other entrepreneurs and friends who are business owners.

Work Hard

Working hard is a relative concept; the hours we work, how hard we work, and the magnitude of what we’re trying to achieve are as different as each of us. But “hard work” has a common denominator no matter which way you slice it: how you handle yourself when things go wrong. Because they will. The next best piece of advice anyone can give you is this: be resilient when things get hard. You’ll get rejected, over and over again, but don’t lose faith in your goals. You may fail in the beginning more than you’ll walk the path of success, but if you dream big, work hard, and fight failure, you’ll change history by making it better.

Stay Humble

Another one of my favorite nuggets of wisdom: don’t be a jerk. This world needs fewer loud mouths. Just stay humble. Most successful people don’t take credit for the work they do. Instead, they build up their team or others around them. Ordinary people do change the world; it doesn’t matter where you come from, what school you went to, or how you grew up. Don’t let anyone ever tell you no as you keep moving your dreams forward, but at the same time, keep a humble attitude on your way to the top and remember that you can always learn, grow, improve, and benefit from the knowledge of others.

Passion

While all of this lofty advice sounds great, your passion for what you love to do is a must. Without it, none of this other stuff matters. Writers, athletes and even scientists, famous or not, love what they do because it’s their passion. You have to find yours. Define what you love to do and why you love to do it. Be specific: what do you love about the field you’re pursuing? Is it helping people? Is it being creative? Is it the feeling you get when someone responds a certain way to your work? Is it being part of something larger than yourself?

Being a business owner is not about calculating figures, networking, balancing your finances and profit margins. Many successful business owners associate their business with passion and love, even when they face challenges, work long hours, and experience financial difficulty. Things can get scary and tough: your passion is the only thing that will carry you through the turbulence. It’s important to not just like what you do; you have to LOVE what you do.

Reevaluate Where You Are

If you are stressed at your job 8 hours a day, you may want to rethink what you are doing professionally. When you are stressed doing what you love, it feels more like 15 minutes of your day versus 8 hours. Being fully invested in something that is your passion and not just filling a role makes time feel different, changes your energy, and makes everything about what you do and how you produce better. Find your niche, whether it’s people, a product, or a field. And once you find it, while you’ll most likely love the majority of what you do, there may be aspects of the business you don’t like.

When we turn a passion into a business, especially when we own that business, we have to wear many hats… some of which are less enjoyable than others. For example, finances and accounting aren’t my forte or my passion, but I make sure the stuff I don’t like takes up only 20% of my time so that the stuff I love takes up 80%. If these figures are ever flipped, you’re doing it wrong.

Ambition or Passion?

Don’t mistake ambition for passion. Wanting to advance and striving to get ahead are ambitious qualities. Taking on projects and filling your plate are ambitious. Stepping into unknown territory and taking risks are ambitious. But if ambition isn’t fueled by passion, it will be easy to burn out. Your motivation has to be right if you plan to stay the course. Many business owners seem overly ambitious, but honestly they just love what they do. That passion will make you believe in yourself even more, helping you to pursue things you might otherwise be afraid of or not care to. Of course, you have to be smart about it (sometimes an excess of passion can make people reckless), but If you love what you do, you tend to do a lot. That’s why you’ll be perceived as ambitious.

Finding the One

Finding your passion is a journey in itself. The discovery process is an amazing, transformative experience that you’ll look back on with awe. You may not know right now what your passion is, but keep pushing forward and you’ll find it. Sometimes passion may find you as well, so let yourself be inspired. Tune in to the things that make you tick, make you think, make you feel.

Most people find their passion by just getting out there and trying different things. Eventually something is going to stick and you’ll come up with an idea that you know will work, and you’ll love turning it into a new reality for yourself. Finding your passion is like finding your true love. You’ll go on many dates and, ten dates later, you’ll find “the one.”

Redefining Your Goals

What is your life goal? If it’s “to get rich,” you have the wrong mindset. What do millionaires and billionaires say? When they started out, they loved doing what they did, and the money just happened. You may have to walk away from a secure job and start anew with a lower-paying position or bringing in very little money when you first strike out on your own. But your passion will translate to the faith that carries you through. As long as you maintain a mindset of an inverse ratio of passion to money, you’ll be in good shape.

Personally, my passion for and love of photography has made my business more successful than I ever dreamed. I started at the bottom just like everyone else, but I was lucky to have had the same mindset as other successful business owners. Passion is what drives me to always work hard, focus on my business, push forward, improve, serve, and persevere, because I love what I do. If you have a full-time job and it wouldn’t be wise to quit and start all over right now, then follow your passion on the side until you can get out. You’ll eventually be able to make the jump, and when you do, you’ll appreciate the experience that much more.

How to Work Smarter Instead of Harder

“What we have to decide is what to do with the time that is given to us.”

Smart or Hard?

Hard work is important. Those who work hard and are consistent with their work are much more likely to achieve the things that they want.

However, working hard doesn’t necessarily mean that the work you are producing is of value and good quality. Other times working too hard may cause stress that leads to producing work that is of lower quality.

I believe that we must put more emphasis on working smarter. Let’s look at 5 ways on How to Work Smarter Instead of Harder.

Time. The first thing that you should be aware of is how you spend your time working. It’s a good idea to make a plan of what you will be working on, how you will carry out your work and also to decide how long you need to spend working on each task. This way you will learn how to use your time in a smart way so that you can reduce your working hours while being more productive.

Standards. Having standards are different that having goals. Standards mean that you have to obey to them because that is how your mind is conditioned. Setting higher standards mean that you are conditioning your mind to achieve things that you haven’t achieved before.

Reflect. A great way to monitor your work is to reflect on the goals that you have achieved and the ones that you fell short on. This way you can understand what works and what doesn’t, so next time you can set new goals applying the things that do work.

Distractions. Staying away from distractions will keep you focused while you are working. The main distractions to be aware of are smartphones, emails, social media and music. While working avoid these unless they are necessary in your work. Working without distractions is a great way to work smart and have more time in your day to do other things.

Downtime. Lastly, it is important to know that you shouldn’t work for long periods without giving yourself breaks. A nice routine is to work for 45 minutes with 10 minute breaks in-between. Furthermore, you should leave yourself time in the day to be enjoying the things you like to do and spending time with family and friends, after all that is more important than your work.

Remember to work smart alongside working hard. Use your time effectively and plan out your days. Create standards to achieve greater things. Reflect on your goals to find out what is working for you. Avoid distractions that use up your time and prevent you from working smart. And leave room for breaks to enjoy the things that you like to do.

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