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STARTING A BUSINESS

Posted on September 24, 2021September 24, 2021 By Roy Rhodes

The first, which is often offered by business coaches, is to jump from the cliff, and then find how the parachute opens. Here it is understood that if you have a ready-made idea, studied the market, the product and the demand for it, abandoning everything else, for example, from hired labor, to start doing business only. This is one of the options.

The second option. Without giving up work, in parallel, gradually start your business.

And the first and second versions are correct . Everything depends on the nature of the person and his life principles.

The first option is used by people who are able and ready for risk, who are accustomed to burning bridges behind them. This allows them to be effective. The second option is suitable for people who are cautious, who are accustomed in life to do without risk and gradually change from chair to chair.

Defeat happens in the first variant, and in the second. It can not be said that one of the two options is better or more reliable. Simply if a risky person tries to move in the second variant, he will simply be bored, and he will abandon this venture, because he will lack adrenaline and motivation.

If a person who is used to being careful, tries to burn bridges and plunge headlong into business, there will most likely be a stupor and nothing will happen either.

There is one danger that concerns risky natures. Their nature is inherent in the desire to achieve much and quickly. Such people, as a rule, have to go through trials. Impatience often leads them into the hands of scammers who offer options for quick and large enrichment. Conduct a one-time deal, after which the rest of his life will be rest.

If you are such a person, be careful and judicious. The deal may well pass. Everything can and will work out, but instead of resting in Bali, you can be on the bunk.

The first misconception that exists in immature minds who do not have experience in business is the most important thing in it – money.

Just want to disappoint you. Although the main task of business is profit-making, nevertheless, money is not the most important. In the first place is the business-mindset and character. Both are revealed as the person develops in business.

 Business thinking is based on the ability to find a solution in any situation. And for this we need a character. Unfortunately, the bulk of people do not know how to find solutions and, confronted with even a small problem, abandon the idea, referring to a difficult fate or explaining the difficulty that the idea was alien.

We focus your attention on the differences of a businessman from an ordinary person. A businessman in any situation is looking for a solution to the problem. The businessman never gives up the task, if it impresses him. This is even a matter of principle.

The next common misconception of beginning entrepreneurs is that they consider the correctly chosen idea a key to success.

And in this case we will disappoint you. Any idea is realizable. This will tell you every experienced entrepreneur. We repeat: you can implement any idea.

But the first business is easier to start in the area where you at least understand something.

In importance to the place of the idea, we will put one more difference of the entrepreneur – this is the ability to sell. The ability to sell is the foundation of any business.

If you know how to sell, it does not matter for you which product to sell. But if you do not know how to sell, then the businessman of you is useless. And no matter what superproduct you produce, your business is doomed to failure. Therefore, we put the ability to sell in second place.

The next misconception , which is associated with the achievement of success, is the beginning of entrepreneurs. Many believe that communications provide opportunities, contracts, exits to other connections and money. Communications, for your information, it is, first of all, responsibility. Getting connections is easy, but it is not easy to gain trust and authority in business. Therefore, at the very beginning with the connections you need to be careful. And you can run into, for example, scammers, and people can substitute, which someone recommended you. And you did not manage.

In place of links, we will set the following peculiarity of the entrepreneur: the ability to invest in his business on time, in the required amount, with the resources that are needed right now.

By resources we mean time, actions, money, connections, decisions, people.

Remember this rule: in business everything should bring money.

And you need to be able to invest in it. Any businessman is an investor.

If you do not invest in your business, nothing good will come of this event.

Investments are conducted in:

• yourself

• the client

• the product

• the employees

• the equipment

Now many will have a question: how to start something – without money, without ideas and without ties? If from the very beginning you have a need for money, is not it easier to borrow money and start working?

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