ladies sports watches – Own Your Own Business – Why In The World Would You Want To Do That?
Posted: August 23, 2010 at 8:50 am
THE REALLY UN-SUGARCOATED TRUTH ABOUT STARTING A BUSINESS AND WHY THE INTERNET IS SO MUCH BETTER
So, you’re interested in finding out more about starting a business. Whether you currently own a business, have always dreamed of owning one or are just checking it out, you have a reason that has gotten you to start the research. Everyone has their own reason, their “thing”, why they might want to start a business and everyone thinks that theirs is unique. But no matter what the “thing”, it is going to boil down to one of two BASIC reasons. That reason will either be: a) You have a burning passion for something that you want to do or accomplish or b) You need a way to make the amount of money that you think you’re worth, but that no one else will pay you.
If you’re truly, and I mean truly, lucky you’ll have both. Lots of people want to make more money, but few of those have the burning passion to go with it. That’s why 95% of all new businesses fail within the first five years. That desire to make more money wears off really quickly unless you have something else pushing, or possibly pursuing, you. It’s just too easy to decide to pop the top on a cold drink and ladies sports watches the game with friends, to go to a movie, to go fishing or whatever else you enjoy. Do that only a few times and your motivation for your new business will be pretty much gone.
It takes discipline to be successful at anything, especially at business. Robert Collier says, “Success is the sum of small efforts repeated day in and day out”. That means especially when you don’t feel like doing it. And, you have to have that desire or dream to make the discipline worth the sacrifice.
If you’re thinking about a brick and mortar business, a traditional business, then BUCKLE UP! You had better get prepared for really big sacrifice! Think about how you are going to feel when you are working 16 hours a day for months on end because you have to do paperwork at night after the business is “closed”. Will you be able to keep going when your spouse keeps complaining that they never see you? How will you feel when all your employees go home for the day and you have to stay for hours just to finish up? Will you be able to handle the pressure of all the debt, the second mortgage, maxed out credit cards, borrowing from friends and family, personal guarantees, risking everything you have? What will happen if everyone else gets paid, but you can’t take home a paycheck for a few months because there just wasn’t enough money left at the end of the month? Will you still believe in your business? Heck, will you still believe in yourself?
In addition to these issues, you will need to learn to think differently. You will have to learn many new skills. A short list might include site selection for your business, lease negotiations, developing bank relationships, sales, employee relations, hiring and firing, accounting, tax strategy, withholding taxes, inventory management, etc., etc.
If the answer to these questions is “no”, then you don’t have that burning desire, that dream that drives you. You may not be willing to do what is necessary to succeed and get to the other side of the mess.
But, if you truly want to start a business, then take a little advice from someone who has built multi-million dollar businesses from the ground up. Internet based business involves MUCH less risk. Internet based business allows you to leverage your time with the power of the internet. You can literally reach billions of people worldwide at the same time with a system that works 24/7/365 while you are doing other things. You can have a business with no employees, no inventory, no insurance, no building, no rent and no significant debt. You can have a business that has an 80% profit margin on an almost limitless income potential that you can operate from virtually anywhere in the world.
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That clears things up some.
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I guess I’m slower on some things than others.
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