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3 Ways To Jumpstart
Your Home-based Business
A lot of people do not realize that entrepreneurs play a big
role in our society.
When you put the total number of entrepreneurs together,
they count as the biggest financial contributors to our
nation’s wealth. If only politicians would give grants to
finance small business start-ups, the economy’s growth could
be hastened.
Knowing the obvious financial rewards and the important role
to society of business owners, many individuals aspire to be
entrepreneurs. The fact remains, however, that several
business start-ups fail and never take-off from the ground
because of one thing : the lack of adequate and sufficient
knowledge on how to start a profitable business. In this
article, I will attempt to give practical strategies on how
to run a successful business start-up.
First: find opportunities in your own backyard. Look at the
demand side by observing your neighborhood. It is good to
assess the close-to-home demand for starters. Aside from
familiarity with the area, familiarity with the customer
will be an enormous advantage.
Your neighborhood is not strictly your home address. It can
be any area that you may be familiar with. It can be the
university vicinity. After all, a student spends more time
in school vis-a-vis his home. Familiarity with the demand in
the area will reveal these business opportunities.
Therefore, an aspiring entrepreneur would simply continue
this statement:
” How I wish something like this was available in school
while I was a student! And this is…”
Similarly, one could say about home:
” How I wish that something like this were available near
the place where I stay! And this is….”
To cite an example: you are into baking cakes. Why not check
if there is an opportunity to supply your local diners with
your baked products? Find out if the neighborhood needs
another supplier of baked goods. If there is no such demand
in your familiar area, look for another area where your
supply has its demand.
Statements like these indicate a desire for something that
is not yet available in the area. This approach is based on
one’s familiarity with the demand.
Secondly, choose an opportunity that brings out the best in
you. Do not choose an opportunity purely because of its
income potential. Income is a natural consequence of the
entrepreneur’s passion as expressed in the enterprise
set-up.
Nevertheless, before choosing the opportunity, spend
sometime defining your personal vision, mission, and values.
This is a key foundation of great entrepreneurs. They know
what they want for themselves, (personal vision).
They know what they live for (personal mission). They know
what they live by (personal values). These three items
constitute the foundation of passion.
Equally important is doing a personal assessment. What are
you good at? What are you not good at? In other words, you
must know thyself. Great entrepreneurs know themselves very
well.
Only when these are satisfactorily answered can you decide
which opportunities are to be seized. It is noteworthy,
however, that when opportunity-seeking is made, it is not
pre-screened by personal wants and capabilities. Do not
screen out opportunities just because you do not have the
capability to do it. Seek and identify the opportunities
that are present/available in your area. Thereafter, screen
them against your personal vision, mission, and values.
These screened opportunities are those that you can be
passionate about. You will be passionate about it because it
will serve as a vehicle for you to achieve your personal
vision, mission and values.
After having decided which opportunity to pursue, seize it.
Seize it very quickly since the windows of opportunity are
open and but can close just as fast. Keep in mind that you
are not the only person who is looking for opportunities to
seize. Remember that there are others who have eyes, ears,
and other senses to identify opportunities. Entrepreneurs
seize with swiftness of the wind.
Lastly, use your personal assessment to guide you in
determining how this opportunity can be seized quickly. If
you have the capabilities to do it by yourself, then do not
wait any further. Implement it at once. Additionally, if you
do not have all the necessary capabilities to do,
immediately identify, source, and mobilize them right away.
Implement at once. Do not be big right away. Start small,
relative to your resources and capabilities. When your
business model works, there will be plenty of people willing
to lend money to you. Implement at once.
People who wait for some body else to successfully operate
the business before proceeding on their own are not
entrepreneurs. They are investors and are not necessarily
entrepreneurs.
Real entrepreneurs do not wait for somebody else to start
moving. Real entrepreneurs are pioneering. They are
entrepioneers.
About The Author
Greg Montenegro is a 15 year veteran in international
marketing. His firm has been exporting computer parts to
Asia since 1992. For more information on how to start your
online business: http://www.12homebasedbusiness.com
pexcor@yahoo.com
Written By: Greg Montenegro
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