Is Business Ownership for You?
Is Business Ownership for You?
Are you independent? Taking the initiative recognising when things need to be done? As the owner of your business there will be many things that need doing. Are you usually aware of what needs doing, or does someone else have to point these out?
How’s your health? In running your business you are there driving, motivating, and continually doing the things to keep your business on track. It can involve some long hours, and the need to work hard under sometimes demanding conditions. Does your health allow you to go the distance?
Money management - Can you operate within budgets, saving money regularly, putting some away for a rainy day? In business you will need to forecast, budget, pay the bills, and be able to return a profit after having paid yourself. How do your skills stack up? Sometimes the unexpected will happen, a major supply problem, a sudden loss of custom – would you have put aside some financial resources?
Dealing with people will be an essential part of many businesses. What level of social interaction are you comfortable with? While you may feel like you’re in business on your own, how would you get on with directing one, or maybe ten employees? What about working with customers, do you like dealing with the public?
Are you enthusiastic? It’s your business. If it is your business and you can’t be enthusiastic about it, who will be? Having your own business should be exciting and fun. If you’re out there running it, loving it, sharing you enthusiasm – it will be contagious bringing you greater success. It will now be you who’ll be setting the standard.
Are you organised and decisive? Do you understand the dynamics - how people and processes work in together? Can you see and decide on ways to structure things to complete tasks efficiently? To get the most out of your resources, you will need to be able to define tasks and direct staff to get the best from your business.
Do you possess high levels of drive and energy? So you’re busy doing something important, and something else pops up, then something else. Do you cope identifying what has to be done, then set out and do it smartly? Or do you tend to feel overwhelmed and give-up, or avoid the issues moving to something easier and more interesting. You’re the boss, and the solution is likely to be sitting with you!
What’s your vision? Do you recognise commercial opportunities, knowing where you would want to take your business, and what your business would look like? Are you ambitious – do you really desire to see this happen? Without vision, how can you plan to get there, and then know when you’ve arrived?
Planning - the setting and achieving of goals, the road map directing you to your vision. Do you have the discipline to plan and carry out the necessary activities to grow and develop your business? Ideas are fine, however, to succeed they need to be well researched, developed, and marketed. If you have no plan - how will you get there?
Have you the commitment, not to be deterred by failure or setbacks? When times get tough, do you persevere, or look to walk away? Your business is your money - you can’t just quit. There will be days that are long and difficult – some things will go wrong, especially in the early stages as you learn the ropes. Have patience, persevere, and remember your vision.
Are you optimistic and flexible in times of uncertainty – have you the ability to change your game plan and get on with things? Business doesn’t always go the way one intends or plans; the rules may change or the market move – the business world is very dynamic, and you must be able to change tact, modify your plan, and move on to creating a successful but different business.
These points are intended to act as prompts to assist you in seeing if business ownership may be for you. They do not provide any guarantee of success.
Information provided by www.nzbizbuysell.co.nz.
Is Business Ownership for You - To learn more about this author, visit Rob Keating's Website.
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There are many options – you may look to start a business, buy a franchise, or buy an existing business opportunity. All of these require that leap in faith that you have the personality and ability to enjoy and succeed in your choice of business. Review the following points to see if you possess some of those key characteristics that are helpful in owning and operating a successful small business:
Are you independent? Taking the initiative recognising when things need to be done? As the owner of your business there will be many things that need doing. Are you usually aware of what needs doing, or does someone else have to point these out?
How’s your health? In running your business you are there driving, motivating, and continually doing the things to keep your business on track. It can involve some long hours, and the need to work hard under sometimes demanding conditions. Does your health allow you to go the distance?
Money management - Can you operate within budgets, saving money regularly, putting some away for a rainy day? In business you will need to forecast, budget, pay the bills, and be able to return a profit after having paid yourself. How do your skills stack up? Sometimes the unexpected will happen, a major supply problem, a sudden loss of custom – would you have put aside some financial resources?
Dealing with people will be an essential part of many businesses. What level of social interaction are you comfortable with? While you may feel like you’re in business on your own, how would you get on with directing one, or maybe ten employees? What about working with customers, do you like dealing with the public?
Are you enthusiastic? It’s your business. If it is your business and you can’t be enthusiastic about it, who will be? Having your own business should be exciting and fun. If you’re out there running it, loving it, sharing you enthusiasm – it will be contagious bringing you greater success. It will now be you who’ll be setting the standard.
Are you organised and decisive? Do you understand the dynamics - how people and processes work in together? Can you see and decide on ways to structure things to complete tasks efficiently? To get the most out of your resources, you will need to be able to define tasks and direct staff to get the best from your business.
Do you possess high levels of drive and energy? So you’re busy doing something important, and something else pops up, then something else. Do you cope identifying what has to be done, then set out and do it smartly? Or do you tend to feel overwhelmed and give-up, or avoid the issues moving to something easier and more interesting. You’re the boss, and the solution is likely to be sitting with you!
What’s your vision? Do you recognise commercial opportunities, knowing where you would want to take your business, and what your business would look like? Are you ambitious – do you really desire to see this happen? Without vision, how can you plan to get there, and then know when you’ve arrived?
Planning - the setting and achieving of goals, the road map directing you to your vision. Do you have the discipline to plan and carry out the necessary activities to grow and develop your business? Ideas are fine, however, to succeed they need to be well researched, developed, and marketed. If you have no plan - how will you get there?
Have you the commitment, not to be deterred by failure or setbacks? When times get tough, do you persevere, or look to walk away? Your business is your money - you can’t just quit. There will be days that are long and difficult – some things will go wrong, especially in the early stages as you learn the ropes. Have patience, persevere, and remember your vision.
Are you optimistic and flexible in times of uncertainty – have you the ability to change your game plan and get on with things? Business doesn’t always go the way one intends or plans; the rules may change or the market move – the business world is very dynamic, and you must be able to change tact, modify your plan, and move on to creating a successful but different business.
These points are intended to act as prompts to assist you in seeing if business ownership may be for you. They do not provide any guarantee of success.
Information provided by www.nzbizbuysell.co.nz.
Is Business Ownership for You - To learn more about this author, visit Rob Keating's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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