Thursday, July 29, 2010

Owning Your Own Business Now

Well, I'm a person who is not financially stable. I just graduated college because of scholarship. I was expected to just work as a normal employee then earn then help my family. That is the normal thing that they want to see me doing. BUT I took a step. I decided I do not want to be an employee forever. I do not want to be stuck in the rat race. I need to do something. Then that is what I did! I took the risks, use my little amount of savings, then enter the world of business! 

What I'm saying is you do not need to be rich to own a business. You do not need to be supported by everyone because there will be times that they will not agree with your idea. Trust your guts, research more, and be determined of what you want to do, and that is OWNING A BUSINESS! This is the right time to take a single step and own a small business.

This article will help you realize you should act now. NOW IS THE TIME. GO ON AND READ.

You can own your own business now. Just find something you do well and like to do and act on this passion. Although the possibilities are endless, you can make choices through a trial and error process. If you have been working for others your entire life and have had it up to your eye brows, a move into something of your own may be your best move. I know--but what? This was my story many moons ago, so you may have to go through a similar process to mine to narrow your choices.

If you do not know exactly what to do, start by going to the local library and walking the aisles noticing categories. Go to the mall and peruse the stores and make note of things you like. Talk to owners of businesses you may enjoy and get their reactions. Look at the nonfiction books in a bookstore to see what trips your trigger. Make sure you have a pocket recorder or pad and pen or pencil so no ideas or thoughts get away.

If the above leaves you doubtful, the next step should be the personal approach. Attend chambers of commerce meetings and talk to various business people and discuss the ins and outs of what they do. Call on your local small business administration and pick up their business literature and possibly speak with a counselor about what you may be qualified for. You may come up with a business idea you never heard of or did not know existed.

If you would consider buying a business, pick up a local newspaper and check the classifieds for active business brokers. Visit one or two or three and discuss different businesses that they have for sale. They can explain each one to see if one appeals to you. This worked for me and it may work for you. But you have to find an agent who will take the time to understand and analyze your desires and capabilities. I wound up buying one and eventually had 3 very successful locations.

If you decide to be an independent contractor like a handyman, carpet cleaner, landscaper or start a website business, you can work from home.

If you want to be in business where everything is set up for you including all products and procedures, you may want to investigate franchises. Just make sure you do your homework and due diligence before signing up. You should definitely visit several franchise owners to make sure the whole thing is viable. A good franchise can be expensive. Also, make sure you get a lawyer who specializes in franchise law before you sign anything.

After you examine and analyze yourself and do your networking, many more ideas will come to the surface. You may have to go with your gut and just pick one. Then you can pump your fists and pat yourself on the back for making a great life-changing decision.

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