How To Start Your Own Business

- 8 years ago by

Most people want to start their own business especially when job security is put into the picture and considering that no matter how long you spend with your employer, you continue to be an employee and we all know what happens to employees, the best you get is gratuity and benefits as the company can almost never be yours as an employee. Having said this, economic climate does not actually favour being an employee all your life and it is best to at least have something doing on the sides.

This is not to say that owning a business is quite easy but the freedom and pleasure that comes from being self-employed cannot be likened to what you get from working for someone, and most entrepreneurs would substantiate this fact. Most people with their own businesses would tell you they cannot imagine working for someone else considering the many benefits of being self-employed. Besides the freedom they enjoy from being able to control their time as they are their own boss, self-employment has actually improved their quality of life availing them the chance to spend more time with families and friends – a luxury that cannot be enjoyed by people that do not own their businesses.

In order to enjoy these benefits and the many others that come from owning your business, the necessary steps need to be taken. It requires hard work and dedication especially at the early stages as there are lots of lessons to be learnt and in actual fact, you do not stop learning as far as business is concerned, so you can brace yourself for an entire life of learning. One major part of starting a business at the initial stage is the adjustments to be made as regards the business, you, and your friends and relations.

You tend to learn more than you expect when you start your business and the huge difference that lies between owning your own business and working for someone else is identified especially as it takes more than the zeal to succeed to be successful.

Working as an employee or for someone else means that you have a person that stands as your boss who you have to report to and some certain deliverables assigned to your desk which you are held accountable for. Your boss controls the business and you only play a secondary role as far as it is concerned. Being self-employed on the other hand makes you the boss and you are therefore responsible for virtually all the parts of the business. In some cases especially when starting up, your job function goes beyond being the boss as you also take up other responsibilities like being the book-keeper, personnel manager, procurement officer, project manager, and the likes depending on the kind of business you are into.

One point to remember is that you take the blame and the praise attributable to your business when you are self-employed. This means that you can push the blame on anyone and all the reports come to your desk. This is unlike working for someone else where you have a boss that queries your actions if they adversely affect the company or praise you when you produce an outstanding job function that has made the clients extremely happy.

As a business owner, you take the chastisement and admonishment for blunders made by you or the business in general. You have no appraisal or evaluation to be scared of except what comes from your clients and customers. In the same vein, the success of your business or the achievement of a milestone means you take the associated glory.

Different schools of thoughts come up with the different characteristics and attributes of being a successful entrepreneur. While some studies say you need to have a type A personality if you intend to be successful as a business owner, others are in disagreement with this claim and believe that all it takes is to develop some specific traits and being from a particular personality type.

The fact is that it does not require being a type A personality to have your own business or be successful at it. It might however be advisable to take a look at your personality traits in the process of starting your own business as it tends to guide you through the process.

Quick learners have been discovered to easily start their own businesses and the reason for this is not far-fetched. They are able to easily grab things especially the important parts of every business which is finance and marketing. As a quick learner, you can easily learn how to project your brand and properly manage the revenue and expenses of the business to ensure its success. As a shy person, the desire and will to make your dream come true will naturally propel you and bring you out of shell.

The above discussion has only given you the tit-bits on starting your own business and why you should consider starting one. There are a number of resources that would properly guide you through the process to ensure you do not just become self-employed, but you are actually a successful business owner.