In today’s economy a lot of people who can’t find a new job are choosing to start their own business. This can be very rewarding, or it can be very frustrating. It is common for an aspiring entrepreneur to think that their hobby can be turned into a business. This may or may not be a good idea. You may lose the joy of your passion when you are forced to work at it every day or it may just not be marketable. However, it you have special skills, like sewing or cooking, you may be able to capitalize on these skills.
A better idea is to research what is needed in the marketplace and create something from that list. It takes more than passion and motivation to make your new business work. Consider your skills and interests. Income potential should not be the only reason for your ultimate choice. You will be doing whatever you choose day in and day out; it better hold your interest.
Do you like to write; how about publishing ebooks, editing, or newsletter services? Are you moved by helping people; think about babysitting, senior in-home care, personal shopping, or conducting tours in your local Community. Pet services, cleaning, plant care, or bookkeeping are all possibilities. One of the most popular, of course, is online selling through eBay or Etsy. You are only limited by your budget and your imagination.
The most important part of getting started is doing your homework. If you are not seeking grants or loans you may not need a formal business plan, but you do need a marketing plan. You have to differentiate yourself from the competition and determine how you will attract customers. Before that you will have to determine the type of business you want, if there is any special licensing required, and how you will operate.
Yes, this does sound like a lot of work, but it is mandatory if you are to have any chance of success. You can’t build a house without a blueprint and you can’t succeed in business without a good plan.
Showing posts with label fear of failure. Show all posts
Showing posts with label fear of failure. Show all posts
Friday, May 27, 2011
Friday, July 30, 2010
Are You a Turtle?
TURTLE an order of reptiles that have a shell of bony plates usually covered with horny shields enclosing the trunk and into which the head, limbs, and tail usually may be withdrawn. The move at a slow, timid pace and are very rarely aggressive.
Does this describe you? Are you a turtle? Do you tend to be meek and timid? Like the turtle, do you pull up inside yourself any time you are challenged?
There is nothing wrong with being cautious, but always avoiding confrontations can hamper your success, both in business and life. Sticking your neck out, just a little, allows you to determine the facts so you can act accordingly. Hiding from reality, retreating any time your comfort zone is nudged only yields missed opportunities. The world is full of all kinds of adventures, information, and opportunity. If you are always hiding inside your shell you are guaranteed to miss out.
It may take some time and patience, as well as practice, to become more daring. Try a little at a time. At a mixer or party talk to the person alone in the corner; they are just as apprehensive as you are. See, you already have something in common. Remember, you are both at the same event so that is something else you have in common.
When all else fails, just ask yourself, “What is the worst possibly thing that can happen if I take this action? The consequences are probably tolerable so you might as well move ahead. You will probably find that reaching out is not that freaky, and can be very rewarding.
Does this describe you? Are you a turtle? Do you tend to be meek and timid? Like the turtle, do you pull up inside yourself any time you are challenged?
There is nothing wrong with being cautious, but always avoiding confrontations can hamper your success, both in business and life. Sticking your neck out, just a little, allows you to determine the facts so you can act accordingly. Hiding from reality, retreating any time your comfort zone is nudged only yields missed opportunities. The world is full of all kinds of adventures, information, and opportunity. If you are always hiding inside your shell you are guaranteed to miss out.
It may take some time and patience, as well as practice, to become more daring. Try a little at a time. At a mixer or party talk to the person alone in the corner; they are just as apprehensive as you are. See, you already have something in common. Remember, you are both at the same event so that is something else you have in common.
When all else fails, just ask yourself, “What is the worst possibly thing that can happen if I take this action? The consequences are probably tolerable so you might as well move ahead. You will probably find that reaching out is not that freaky, and can be very rewarding.
Sunday, June 13, 2010
A goal is a dream with a deadline
Do you have a good map for your future? Whether you are assessing your business or personal relationships; truly understanding your core values is the basis for your map. It is critical that your Core values be written and reviewed on a regular basis. Keeping them in your head defeats the purpose of using them as a tool for growth. They are only dreams if they are not written, reassessed on a regular basis, and used as a learning tool.
Your Core Values should not reflect who you want to be or who you think you are. Those are the job of your Vision and Mission Statements. Core Values represent a searchingly honest assessment of who you really are.
Writing our your Core Values is not a test; there are no right or wrong answers. Keep in mind that these answers are not carved in stone. This is a living document. You should do periodic review to be sure you are still on track.
Some of the questions you might ask yourself are:
WHAT DO I KNOW ABOUT MYSELF?
How do I see myself; Will I accept compromise and at what level; Do I like
people?
WHAT ARE MY FEARS?
Do I fear failure, do I fear success, Am I a risk taker?
WHAT IS HOLDING ME BACK?
Am I concerned about what others may think; are my fears blocking me?
WHAT IS MY ATTITUDE?
Am I positive or negative; Do I smile and great strangers openly; Is life an adventure?
WHAT DO I NEED TO DO TO MOVE FORWARD?
What is really getting in my way and stopping my forward progress?
These are just a few of the questions that you might ask yourself. There are probably plenty more. The more information you have, the better tools you can create and the more successful you will be. Absolute and candid honesty is essential to make your Core Value statement a good working tool. Remember, no one is judging you, they may never see your notes, but you will have a much better sense of who you are and what is most important to you.
Do you have a good map for your future? Whether you are assessing your business or personal relationships; truly understanding your core values is the basis for your map. It is critical that your Core values be written and reviewed on a regular basis. Keeping them in your head defeats the purpose of using them as a tool for growth. They are only dreams if they are not written, reassessed on a regular basis, and used as a learning tool.
Your Core Values should not reflect who you want to be or who you think you are. Those are the job of your Vision and Mission Statements. Core Values represent a searchingly honest assessment of who you really are.
Writing our your Core Values is not a test; there are no right or wrong answers. Keep in mind that these answers are not carved in stone. This is a living document. You should do periodic review to be sure you are still on track.
Some of the questions you might ask yourself are:
WHAT DO I KNOW ABOUT MYSELF?
How do I see myself; Will I accept compromise and at what level; Do I like
people?
WHAT ARE MY FEARS?
Do I fear failure, do I fear success, Am I a risk taker?
WHAT IS HOLDING ME BACK?
Am I concerned about what others may think; are my fears blocking me?
WHAT IS MY ATTITUDE?
Am I positive or negative; Do I smile and great strangers openly; Is life an adventure?
WHAT DO I NEED TO DO TO MOVE FORWARD?
What is really getting in my way and stopping my forward progress?
These are just a few of the questions that you might ask yourself. There are probably plenty more. The more information you have, the better tools you can create and the more successful you will be. Absolute and candid honesty is essential to make your Core Value statement a good working tool. Remember, no one is judging you, they may never see your notes, but you will have a much better sense of who you are and what is most important to you.
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