Starting a Business? A few things You Need to Know
I’ve been in business now for 23 years. I’ve been very lucky because it’s been estimated that up to 85% of new businesses fail within the first four years or less. Some studies state as high as 60% of new businesses fail within the first year. During the past two decades, I have seen many examples of why small businesses fail via my own experiences and I’d like to share those with you. if you have considered diving in and trying your efforts at a small business, here are the things that you should ABSOLUTELY NOT DO if you don’t want to fail IMMEDIATELY.
Starting a Business? YOU MUST HAVE … PASSION for What You Do
Start Your Small business: Have you ever been in love? REAL LOVE? The kind that makes you forget the rest of the world exists and EVERYTHING is about the other person? You can talk on the phone for hours to them but it seems like minutes? You leap out of bed ready to take on the day with a huge smile on your face because you’re experiencing true happiness?
Unfortunately, for most, this feeling is temporary but not if you’re a small business and you constantly reinvent yourself. Why? Because business is the SAME WAY! “Do what you LOVE and the money will Come” is exact and true. If you do it the opposite way, Make the money and forget everything else … you will fail miserably. What is it that you LOVE to do, that you could do ALL DAY, all week, all month and all year and when you are doing it, it feels like you are not working but doing what you love? Have people offered to pay you to do this thing for them? If you can answer the question …There’s your potential business!
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