Thursday, April 3, 2008

Business start up

For a lot of people, starting a business is an extremely stressful event. I look at it as an adventure. Getting my business start up going was stressful at some points, but overall it was an exciting and transformative event in my life. You see, although starting a business is difficult, it is important not to get too stressed out about it. You have to work hard it is true, but if you can have fun you will work more productively. It is a basic phenomenon of human nature: when we're stressed out and ill at ease, we don't do our best work. When we feel relaxed and open, however, we can work twice as hard without breaking a sweat!

Of course, it helped that I had a good business startup plan and some investment capital. A lot of people assume that entrepreneurs like me have a superhuman ability to wing it. They think that we get our business start ups going on a whim one day, and go on to becoming millionaires without breaking stride. In reality, they couldn't be further from the truth. Is important to act confident when you are in public, but behind the scenes there is lots of grunt work going on. By the time you are in the public eye starting your business, you have done 95% of the work!

Like everything else, business start up has to begin with a good concept. Do you want to start an innovative business, or do you want to use one of the tried and true business models? Would you rather start a franchise, or go it alone? Each business start up decision has advantages and disadvantages, and it is up to the entrepreneur to weigh them. Usually, if you have solid business skills and sufficient investment capital, you can make a franchise work. The business startups that are most wildly successful, however, are the innovative ones that break the mold. The problem is that you are always taking a risk when you go it alone, but that is what owning your own business is all about.

With a business start up, it is often best to start small. That way, if you fail you are not completely out of luck, and if you succeed you can take your business start up to the next level. Then again, it depends on how much money you have to invest in business. The more you risk, the more you might gain!