Start a Small Business

Related websites
http://www.allbusiness.com/business-planning-structures/starting-a-business/3470974-1.html

Do you want to own a small business?

There are many reasons to start your own business.

You will be your own bus.
Your hard work and long hours will benefit you and not your boss
You will earn more and growth potential will be greater
Running a business provides many learning opportunities
You will have deductible tax benefits

Are there any guarantees for success?

In business there are no guarantees. Success in business is never automatic. Success is not a game with little of bit of luck on your side.
s. There are many risks associated with
starting a business. You can improve your chances of success with good planning and
preparation. You learn to start and run a business. You can hire a mentor , read books,
take entrepreneur courses.

Evaluate your strengths and weaknesses as a potential owner and manager of a small
business. Carefully consider each of the following questions?

Are you a self-starter?It will be entirely up to you to develop plans, organize your time,
and follow through on details.

Do you get along with people? Business owners need to develop working relationships
with a variety of people including customers, vendors, staff, bankers, and professionals
such as lawyers, accountants, or consultants. Can you deal with a demanding client, an
unreliable vendor, or an upset receptionist if your business interests demand it ?

Are you good at making decisions? Small business owners are required to make decisions
constantly-often quickly, independently and under pressure.

Do you have the physical and emotional stamina to run a business? Business ownership
can be exciting. But it is also a lot of work. Can you face six or seven 12 hour workdays
every week?

How well do you plan and organize? Research indicates that poor planning is responsible
for most business failures. Good organization of financials , inventory, schedules , and
production can help you avoid many failures.

Is your drive strong enough? Running a business can wear you down emotionally. Some
business owners burn out quickly from having to carry all the responsibility for the success
of their business on their own shoulders. Strong motivation will help you survive
slowdowns and periods of burnout.