08 Apr

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Find the Right Business for You

If you think that starting your own business is the answer to your problems; whether it’s money, child care, illness, or a desire for more free time, then you MUST choose wisely.

Too many individuals eagerly leave their paying jobs in order to pursue their own business only to return to the unemployment arena looking for work and carrying a massive debt from their ventures.

How can you find the answer to your quest for self-employment without failing? The solution lies in the 3 Ds:

  • Desire
  • Discretion
  • Discipline

Desire

If you think that running your own business is merely a matter of using your brains, then you are sure to be disappointed. Successful entrepreneurs have a common thread whether they run a country gas station or a Fortune 500 company – DESIRE. If you don’t have the drive and determination to work for yourself – if you can’t give up the security of a regular pay cheque – you will have great difficulty working for yourself.

Discretion

Expect to fail. There are many opportunities available. Some are good, some are frauds, and several are absolutely perfect – for YOU. Each individual’s strengths and talents will impact which business model will suit them best. If you are very shy or hate to talk to people, then it would be wise to stay away from businesses that require a lot of face-to-face selling. If the product is not something you would personally use, it is not something you will want to promote, and that will show in your efforts.

Take stock of your abilities and interests, and try several businesses that are related. Not all will suit you, but trying things will ultimately improve your business skills overall. If you do fall for what turns out to be a fraud, consider it education and move on – you will not likely make the same mistake again.

Consider talking to business owners who do what you want to do or to people who may use your product or service. Research the business, and read the fine print!

Discipline

You don’t have a boss or a time clock, but if you expect to make a living, then you will have to discipline yourself. Have a schedule that you follow every day. Plan your time wisely. Although many procrastinators actually do well working for themselves, it is still vitally important to know what needs to be done and to have the discipline to follow through. A few bad jobs or unhappy customers can have a lasting impact on your business.

Many have found great happiness and success working for themselves. Enjoy the search and find YOUR perfect business!

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