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photo credit: FredArmitage
As you may be aware we are living in time of crisis right now. At least we been told we are. Almost Everyone talk about it. Even if you like me and don’t watch a TV, you probably hear word crisis everywhere you go. People complaining about loosing their jobs, lack of security, job cuts, low income potential, economy suck and on and on and on…
Does everything that bad for real or there is someone who thriving in those times and shoveling even more money, having even more opportunities available then ever before?
If you look in world of Internet, it seems like there are so much different opportunities available, it is ridiculous. You do not even have to have your own business, product or service. You can promote others people products, do various projects for others.
Multiple opportunities become available all the time and number is growing each day. More and more people start to realize that job security is simply a joke. It is just do not exist anymore. More and more people thinking about going in business for themselves so they don’t have to depend on someone for their income.
If there are so many opportunities available then why so many of us struggling to meet the end needs and a lot of us afraid to even start a business in one form or another?
According to Michael E. Gerber in his famous book “E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It” he stated that 40% of business failed in a first year, and from those that remained 80% failed in the next 5 years. He discusses the several key reasons why it is happening and what you can do to avoid it.
The basic ideas of this brilliant book is that you should spend more time working on your business instead of working in your business.
In other words if you know how to do something, for example bake a bread, it doesn’t necessarily mean that you know how to start and run a business which dealing with baking bread.
To run a business different skills needed to be able to be successful at it and to grow it constantly.
There are several thing you can do to get yourself prepared and be ahead of most people who thinking about owning a business.
1. Knowing What You Good At
As I see it, the very first things you need to do in order to even think about starting a business or planning a career change is to know what you good at what your talents are. If you start a business just to make money without considering enjoyment and fun of it, business most likely fill fail or will not be able to grow. Look at your motivations here and see if it’s coming from a right place.
Only after you have a passion and desire to have a business, first step needed to be taken to start it.
The good news is that it is not hard to discover your talents or at least the direction in which you want to travel. Also it is pretty straight forward to start a business online with minimal or no cost at all. Even if it’s not work out the way you expected, you can just move on to try something else. It will not devastate you financially. The key here is to take action. Most people do not take actions and complained that there is not enough opportunities out there.
If starting a business is not something you want to do, learning and identifying your natural talents is critical and can be applied to any area of life: personal, financial, health and so on.
It is a big mistake to assume that you can start any business and be successful. The only way to do that is to know what you good at and capitalize on it.
2. Choose to Focus VS. Spreading to Thin
You need to be able to choose between multiple options available in order to stay focused until succeed.
If natural strength identified, it is much easier to choose between available options.
So many people jumping from one opportunity to another, simply lost because next option might be better then last one, then what?
It is very important to identify what you really want first by putting some thinking first. That way yo can map out a blueprint of what you want to accomplish and filter all the things that coming your way through this blueprint.
3. Learn consistently about your area of Interest/Business
Once you know that you are building on a top of your talents, it is would be very easy and enjoyable process to learn any new skill, gain a new knowledge, build an enjoyable source of income. I am big proponent of doing only something that enjoyable and you might consider it to be one of your goals. By doing that you guaranteed to live happier, longer fulfilled balanced life.
4. Take immediate actions when Inspired by Idea
When you learn something on a subject you are interested in, you will be receiving multiple ideas every day.
Buy a journal and write down ideas that comes to you and more important when you notice a good idea and you feel good about that idea - take action right away. If idea require multiple steps to accomplish, write down those steps and take the first step immediately. there are so many ideas piled up in my journal which got forgotten because I didn’t take action immediately. When I come back later to implement, I don’t have the desire to do that. At the moment of the idea I have a good feeling about it. That’s a time you should act.
5. Do what you do best and delegate the rest
It is not a secret that nothing great ever been accomplish just by one person. You will need help of others to be able to grow. It is wise to act and do things according to your talents, but there is al lot of things that needed to be done that required to use talents of other people. If you good at planning, creating systems, and dealing with people, chances are that someone else might be better then you in taking ideas and implement it fast.
At the beginning it is ok, to try things just by yourself but eventually you will need the help of other people. It can be your brother, sister, sun daughter or you friend, who can help you to get things done.
Please leave me comments and let me know what you think and what you think is your biggest concern regarding being your own boss. I will read and reply on all of them.
I am really anxious to know on what you think.
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