All In One Forum
Go Back   Forums > Business & Finance > Business
Register FAQ Members List Calendar Mark Forums Read

      

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 06-14-2008, 11:10 AM
Mr Xclusive's Avatar
Senior Member
 
Join Date: Oct 2007
Posts: 3,007
Thanks: 5
Thanked 1,395 Times in 302 Posts
Rep Power: 5
Mr Xclusive is on a distinguished road
Default How to Run a Small Business

When learning how to run a small business you have to determine what kind of entrepreneur you are. Are you the kind who suddenly has an idea and decides to go with it? Or did you have an inspiring idea and are still pondering on it. Both these approaches basically have the same outcome. Once you have decided to go it alone and are setting up and running your small business, in order to have a solid base to work from you must establish a motivation.

What Motivates You?

Every person is different, and because of this each and everybody has different motivations as to why they are running their small business. Your motivation might be:

* I don't want to work for a boss. Most people find this their strongest motivation; they want to be their own boss.

* Working 9 - 5 makes me crazy, many people want out of the 9 - 5 trap so the set up a small business to escape this trap.

* The BIG idea! Many owners of small businesses think that a particular idea is so exciting that they just have to try it.

* Finding a need and satisfying that need or change in lifestyle.

* I have lost my job and what do I do now?

* And the final, and most important, MONEY! Money is a very strong motivator.

There is a world of difference between being an entrepreneur and an employee. And one really important question you have to ask is, do I have the right personality to be a successful entrepreneur and run a small business The stronger your motivation the move able you will be to make a success of your business.

Decision Making

Decision making is integral to learning how to run a small business. Decision made as an employee are applied differently, when you are running you own small business you will be called to make decisions, that might determine whether the mortgage or rent is going to be paid at the end of the month. Decision taking should be fast and decisive.

Believe in Your Self

Self confidence is vital to attract and retain customers when learning how to run a small business. You have got to have both confidence in yourself and your product. This attribute works hand in hand with decision making. Make a decision, stick to it, and believe in your own ability, this will give your customers confidence in YOU.

Self Discipline

Because of the flexibility that being self employed brings about, you have got to practice self discipline. Self discipline dictates that you have to get out of bed on a rainy, wet Monday morning and work. You have to tackle difficult tasks and not put them off till tomorrow. Focus on your goals!

Determination

Determination is probably the most important of all these factors. Focus on the task ahead and wade through every obstacle in your way. If you are distracted from the path of your goals, then get right back on track again with determination.

All of these factors are vital when learning how to run a small business. Once you have these in place, your small business will be successful.

Do you agree or disagree? Let me know what you think

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2  
Old 07-26-2008, 07:15 AM
Junior Member
 
Join Date: Jul 2008
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
andylewis is on a distinguished road
Default

Hi,

Very good decision.

Andy

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3  
Old 07-28-2008, 11:19 PM
Member
 
Join Date: Jul 2008
Posts: 36
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Yale is on a distinguished road
Default

Nice reading ,Thanks for share !

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4  
Old 10-01-2008, 07:12 PM
Junior Member
 
Join Date: Oct 2008
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
mattcarpet is on a distinguished road
Default

Aye nice read I started my stores to escape the 9-5 if a boss would let me make real money not the minimum wage home telemarketing junk, I'd be willing to have a boss lol

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Learn How to Start a Business Mr Xclusive Business 0 06-14-2008 11:07 AM
Business Insurance - Get It Right or Risk Everything Mr Xclusive Insurance 0 04-26-2008 02:52 PM
02/03/08 - Tax Tips for Small Biz Mr Xclusive Business 0 02-03-2008 09:01 AM
01/28/08 - Luda on Your Small Screen, 'Crash’ Flipped Into TV Series Flawless Music 0 01-28-2008 09:14 PM


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0