If you are thinking about your own small business startup then you know your mind is overflowing with questions about business plans, business ideas, startup costs, and startup funding. Then there are the countless small decisions you will have to make about everything from phone service to business cards. However there is one very large question that overshadows everything else — do you have what it takes to start up a small business? There are three keys to determining whether or not possess the essentials to start your own business.
Do you have the passion?
The first key ingredient for small business success is having a passion for your chosen niche. You can learn more about business fundamentals and you can acquire more detailed knowledge about the field, but if you do not have a passion, or at least a strong interest, then you will not be as convincing a marketer whether it comes to your customers or to your backers. Also, that passion will be one of the key factors in your ability to overcome difficulty and challenges. No small business startup goes smoothly, no matter how well you prepare and plan in advance, and there will be tough times ahead. However a love of your business and its niche can carry you through.
Ok, so you have the passion. Now do you have the drive?
The second key ingredient for small business success is drive. As I mentioned before you will have tough times but even when things are going well you will have to work hard and learn a lot to make a success of your business startup. If you want to succeed then you must possess a willingness to work hard and the willingness to learn the important lessons you need to start, run, and grow your business.
Do you possess the self discipline to work for yourself?
Finally, and this may be the most important ingredient of all, you must possess both the desire and ability to work for yourself. The first part is easy. Many people dream of the day they no longer have a boss watching over their work. That is why so many work at home schemes specifically mention you can “fire your boss”. But not everyone possesses the ability to work without oversight. Sometimes they need the comfort of a fixed schedule and sometimes they actually need a person to crack the whip. Before you start up a small business you must honestly assess your ability to work without supervision and impose your own deadlines then meet them.
If you possess a passion for your field, the drive to work and learn, and the ability to work for yourself then you do have what it takes to start up a small business.
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