Ready To Be A Small Business Owner?

This is a question you must ask yourself and give an honest and accurate answer to before you can begin your journey towards part-time work or complete self-employment. There is a lot to building your own small business and you need to be committed to this action from the start to make a go of it.

Only you can answer this question. Your success doesn't depend on whether you do this work part or full-time. The success will come from identifying your end-goal and working towards it, no matter what it is.

You must believe that you have the ability to accomplish the end objective you've laid out. If you lack this self- confidence, there is a better than even chance you won't make your goal. Positive motivation is the stuff of winners. Winners can create a successful small business on any scale they choose. If it's to earn a couple of hundred dollars extra per week, great! Go for it! If it's to earn six figures and working at it full-time then aim for this goal.

Think positively and set the wheels in motion. Map out a game plan that includes daily, weekly and monthly objectives. The smaller your ambition, the shorter the list. But it doesn't matter. Strive to achieve the level of success you know you want. That's the bottom line.

Establish your limits early. Are you willing to work weekends? Are you able to travel? If married, what are yourspouses feelings? These are the types of questions you need to ask and answer in order to develop a proper game plan. Without this information, you will be operating without really knowing where you're headed and what track you're on.

Do you need any additional training? Make this assessment carefully, because you may not yet be ready to proceed if you still feel that you need some schooling. Build this into your initial game plan. Knowing what you need is as important as knowing where you ultimately want to go.

Education is as important as anything else in running a business and you'll need to keep abreast of the latest small business developments.

There are three main options for getting into a small business.

1. Starting A Business From Scratch.

2. Buying A Franchise, Dealership or Distributorship.

3. Buying An Existing Business.


In our next report we focus' on option 3. Buying An Existing Business!