From dreaming to doing

Well, you want start a business of your own.. right? But which one? Before you choose a business, it is important to understand that a start-up venture mandates entrepreneur to shoulder every responsibility by himself, ranging from operations to marketing and everything else. Hence, it is a very real probability that you will have to work harder for yourself, than you have worked for any employer.

Hence, before embarking upon the entrepreneurial voyage, first and foremost, it is really critical to dig deep, and find something you love intensely and are extremely committed to. A journey within self, this question enables us to open our mind and explore our past as well as our inner motivations. Don’t allow your mind to be held hostage by various mental blocks and biases, which have the potential to derail our honest self-assessment and cloud our vision. Instead, try to recollect those moments, when you felt vibrant, happy and alive. Remember, doing something we love is more satisfying as well as rewarding, than working for others.

Another important issue related to entrepreneurship is gaining relevant experience in the concerned field. Most entrepreneurs have little or no experience in their fields. Hence, an aspirant many attend seminars or start a job in related field, acquire some training in concerned business and opt for volunteer positions and related hobbies, so as to learn the desired trade.

In addition, one must also martial his network of contacts, to boost his future prospects in entrepreneurship. Whether former employers, teachers, friends and family members, everyone is a potential resource for further business networking. Another important factor to be considered is the resources or assets one possesses. Because if start-up cost is low, more assets mean your chances for success will be much higher,

Finally, before kick-starting our entrepreneurial ambitions, one must prioritize, so as to select a business that perfectly complements his skills as well as lifestyle. For example, if one is good with people, then he must opt for a business that relies heavily on interpersonal activities, such as sales, consulting or PR. The most important thing is to choose a business, which enables entrepreneur to be perfectly suited for its critical functions. Besides, if one wants flexibility in his schedule, then “project-oriented” businesses where keeping regular specific hours is not critical, will be ideal for him.

Remember that most start-up s don’t actually make money in the beginning. Hence, before entering into something that might fetch us enormous money, there’s a lot to consider. A major life decision, start-up businesses require enormous persistence as well as passion for whatever one believes in.