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Home businesses are becoming more and more popular since the downturn in the economy. If you are thinking about taking the plunge and setting up your own business, here are a few facts that may help you.
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What Do I need to Think About When Starting Up a
Business?
The road to starting up a business is a bumpy one. It can be the emotionally challenging and
stressful. As with most things, it is best to put a little bit of forethought into this idea. I
have put a few pointers together to help you in this busy time:
1. Don’t go into business with your friends or family. Pick someone who will become your
business partner and ensure you can trust them. It is a tough time and you need to be
prepared to lose whoever you go into business with.
2. Lay out the rules – Agree upfront how you will manage issues with your business
partner(s). This should include the emotional issues, who will be boss and how decisions
will be made. Define each other’s roles and what you will each do. This should include how
you will split the risks as well as the rewards.
3. Stay focused – Ensure that you stay absolutely clear about what your targets and goals
are and focus 100% on the attainment of these goals. If you keep changing direction and
method then you will not be as effective and will only tie yourself in knots!
4. Expect to sacrifice – Every entrepreneur has to sacrifice something. It is best to consider
what you can and cannot sacrifice before you jump in with both feet.
5. There is always room for improvement – Remember that you can always get better.
Whether this be you, the service you deliver or the product that you are selling. When
things start to take too long keep your frustrations in check by telling yourself that things
are never finished.
6. Go with your gut – Your gut is based upon your experiences. It is an essential tool for all
of us and one of the most valuable that you have in your possession. If you are struggling
with an issue, ask yourself how you feel. This first emotion is often the right way to go.
7. Talk to people – Talk to everyone and anyone. Ask people what they are doing as well as
what you are doing. The most important thing is to talk to new people. You will be
surprised what you can learn.
8. Celebrate the small things – Make a list of goals and celebrate when you hit one of them
– No matter how small!! Others will not celebrate them for you, so promote these little
successes whenever they occur. It will also boost your confidence.
9. Love the freedom – The freedom you get from becoming an entrepreneur is
unfortunately coupled with some foes. These come in the guise of uncertainty and not
knowing what surprises lie around the corner. The sooner you learn to love the unknown
and the fact that you will not have all the answers then the happier you will be.
10. Turn negatives into positives – It is imperative that you channel your negative thoughts
into positive ones. Failure is a learning experience. Take note of what has not gone to plan
and learn from it for the next time. Remember that you cannot change what you have
done; only what you are going to do.
Jon-Marc Spatcher is an internet marketer and mentor. He worked his way up the financial
services corporate ladder before deciding that it was no longer for him he set up his own online
business. Since this life changing decision he has ‘worked’ from home trying to inspire and
educate others to leverage the power of the internet and generate traffic and income to achieve
their own success.
Jon-Marc enjoys socialising, football, golf and generally any sport going. He is a keen networker
and enjoys the simple delights of family and friends. Most of all, he believes in positivity and
living life to the full.
For a FREE 7 DAY BOOTCAMP visit Jon-Marc's website where you can receive a free set of video
marketing tips which will show you how to market on the internet and improve your chances of
online success. This will also give you unique access to all his latest blog posts. Alternatively,
catch up with his previous posts here.