Ever had a eureka moment or an enlightenment that you suddenly feel like it’s time to start your own business? Do you want to create a start up business online? Would you recognize the signs if it ever came to you? Some of us are too scared to even think about starting our own business, when the truth is: we have what it takes. Life skills and hobbies that drive could mean you’re on your way towards becoming a great entrepreneur. Let us discuss the WHYs and HOWs of starting your own business.
2 Quick Tips To Get Out Of Your Comfort Zone
Getting out of your comfort zone is the best way to grow. If you are not scared of facing new challenges, you will certainly develop new skills that will help you deal with real-life problems. This skill will not only boost your self-confidence but also help you find something you really love.
- Be open-minded – Condition your mind not to set limitations and boundaries when it comes to challenges. Forget about your fears of being inadequate. The important thing is that you try. When it comes to trying, the first step is deciding what you want to try. More often than not, what inhibits you is only in your mind. Once you get rid of this mentality, you’ll realize you’re already far from your comfort zone.
- Try new things, new adventures – Another way to get out of your comfort zone is by trying new experiences. You might be good at something or you might just realize how irrational your fears are. Either way, this will get you out of your comfort zone. Make a list of things that scare you or a list of things you’ve always wanted to try but feel uncomfortable doing.
Now we know that stability can often mislead us into staying way too long in our comfort zones, we have to realize how we should recognize and handle opportunities. Who here has missed an opportunity? How did you feel after missing it? Would you have done anything differently? There’s a small window in time when you can jump into these opportunities. Sadly, they leave as quickly as they come. You don’t want to have regrets in the end, do you? Then make yourself familiar with identifying and recognizing opportunities.
How To Identify And Recognize Opportunities
Life is a long journey and throughout this journey, almost all of us encounter opportunities that can help us thrive. However, the problem is, most people cannot recognize the opportunities we are given. If you are an optimist and you can spot opportunities, even in problems, you have the rare and important quality of an entrepreneur.
One way to recognize opportunities in business is by observing others and taking people’s opinions. It could be regarding a pressing issue, a problem, or a sentiment you share with someone. Remember that in order for your business to be able to supply, you need to first recognize a demand from your consumers. This is where you can leverage the need and turn it into a product or service you can offer. Take their suggestions, ask questions, and use this to brainstorm your ideas. Eventually, you will formulate something tangible – something you can sell. If they complain about it so much, they will also spend money on anything that can fix it. This can translate into a business opportunity if spotted soon enough. You need to be one of the pioneers in offering a product or service that is based on a current problem or situation.
As an entrepreneur, are you aware of the fact that you create a livelihood for other people, too? You may be fulfilling your personal dream and aspirations of running your own business but there’s so much more to it. You create an entirely new network of talents and like-minded individuals who share the same passion and understand what you’re offering. Add this to the list of WHY you should pursue creating your own business. Building jobs support families and individuals. It gives a chance for others to show their skills and talents, especially if you choose to support an advocacy.
How To Build A Business That Create Jobs
When hard times come even highly skilled people may lose their jobs. By creating new jobs, you can help those talented people. People who have lost their jobs are more likely to work diligently in your new business. If you have a dream of creating jobs for others, then you are mentally prepared to own a business.
Find a purpose for your business. If you want it to be holistic in your business, include employment in your objectives. Inclusive employment means equal opportunity for all. Be a business owner that advocates for women, single mothers, and employees that were laid off due to a downturn in the economy. Present opportunities to eligible applicants and make them feel that they are part of the purpose you choose to serve. Create jobs for marginalized sectors of society. This will be great in aligning the vision of your company in terms of employment.
And with that, ask yourself this question: are you a team player? Building a business is essentially building a team. You cannot act on your own, your decisions will be based on many considerations. Ultimately, you are not only deciding for yourself, you are deciding for the company and the lives that rely on it. Without the ability to perform as a team player, you will not know to which direction your business should be heading. This is why you need to be aware when you need to be a team player.
Knowing When To Be A Team Player
You cannot do everything all by yourself. People often underrate the importance of team building. Your team will accomplish much more than you can even imagine doing by yourself. If you succeed in building a good team, your business will grow faster. If you are already a person who loves working in a team, you have endless possibilities as a business owner.
Two heads are better than one. It’s always great to have people who share the same passion, drive, and ambition as yours. Never overlook these details when you build your team. If you’re lucky enough to have a team with similar traits and minds, then you can delegate tasks and responsibilities without fearing that they might not deliver. Being a good leader means being able to assign tasks to the best people for the job. It means you are able to see the strengths and opportunities of your members. It lessens the burden of having to run the business on your own. Entrusting your team with responsibilities also gives them a sense of purpose and ownership. They will feel motivated to perform better because they know they are needed by the business.
How do you define home? To me, it’s a place where you can be yourself, without being judge. It’s a place of comfort and ease. You can rest, play, and still have the desire to come back to it over and over again. If your idea of a business is staying in one place, being stable all the time, with high levels of predictability, then it might not be what you’re expecting. Starting a business is almost synonymous to gaining so many new experiences! How exactly? Let’s find out!!
How To Gain New Experiences
Starting a new business is not the job of a satisfied person. If you are always curious and never satisfied with what you have seen and known, setting up a business can be like an adventure for you. A business will teach you many things that you will not learn until you leave your comfort zone. If you are eager for new experiences, try to become an entrepreneur.
Gain new experiences in business through opportunities involving travel! This is the best way to gain new experience from having your own business. Business travels may arise from meeting suppliers, clients, or product development. An opportunity may arise when you have to meet locally or abroad to connect faster and more effectively. Take advantage of these opportunities and new experiences by learning about other people, cultures, and places! Remember- it may be a business trip, but it doesn’t mean that’s the only thing you can do while traveling, right? Did I hear ‘vacation’?
Try to recall a circumstance when you had a problem to face. What was your initial reaction? Do you cry out of frustration, just to let it all out? Do you seek help from friends and family? Or do you try to figure out a plan how to resolve it step-by-step? This detail is important in running a business. I’m sure you’ve noticed by now but running a business is no walk in the park.
How To Stay Calm While Solving Problems
Successful business owners know how to handle difficult problems. They are not scared of a problem that has no immediate solution. It is true that time is a great healer, but in order to run a business, you need to be capable of solving problems within a timeframe. If you have identified yourself as a problem solver, you will not find it very difficult to achieve success in a business.
One of the ways you can stay calm when under pressure is to prepare for possible scenarios that you could face while in business. What usual problems do you encounter in your business? What could go wrong in a typical day of work? Find your business’ issues and come up with ways to manage these cases as they occur. You can create a manual or guidebook for you and your employees, so they can just refer to this when they find themselves in this situation. Anticipate any scenario that could lead to stress and anxiety for you and your team, so you can always have a backup plan in case it happens. When you know you have a manual like this to refer to, it will lessen the stress and no longer cause you to panic because you don’t know what to do when the situation arises.
Once you’ve figured out how to stay calm while solving problems, you might also need to take note of this when you start your own business: Timing is NOT everything. Yup, you read that write. Here’s why:
Learning Not To Wait For The Perfect Time
You may end up waiting for the rest of your life if you wait for the perfect time to start your business. You may think that you need some extra money or experience, but the fact is that you will always find excuses. So, the best decision is to just go for it.
Opportunities will not wait for you to grab them. There’s no perfect time and the truth is you will never be prepared enough to start your business. Whether your reasons are financial or concerning your experience, you can only attain success by taking the risk and learning to adapt to changes along the way. For example, you come up with a business idea that’s based on a certain emerging trend or fad in the food scene. During one of your travels outside your country, you notice an emerging food trend that’s selling like hotcakes in that city.
Immediately you imagine how you can bring it home and get the same appreciation from your city. If you let this idea sit longer, it might not materialize ever. Remember that you’re not the only person who will see this trend. If you’re lucky enough to be the first few to think of turning it into a local business back home, just jump right in! With adequate resources and experience, you’ll be a pioneer in your own town with this business idea. Just make sure you adjust and learn what you can do better every day.
Improve your product or service and constantly find ways to innovate and keep up with changes. While you may not be the only business offering these products later on, with a solid product and superb value for service, you will outlast your competitors for years. It’s just a matter of who gets in the game first.
I can go on discussing all the reasons why you should run your own business NOW. However, the only reason you need is yourself. Why will you do it? Will it make you happier and content? Because at the end of the day, you need to start your business wholeheartedly. You can’t just do it for the sake of someone else, or just because it’s in trend. This will not be sustainable for your business. You need to invest on the foundation of your WHYs, so you can effectively operate and help others with the products and services you offer.