Starting Your First Business? Are You Ready?

Have you been toying with the idea of starting your first business for some time now? Perhaps it is time to take the plunge. However, have you asked yourself this question: “am I ready?” There are a few things that you should consider, before you set your heart on becoming your own boss. Take a moment to think about the following…

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Are You Unhappy In Your Current Job?

Have you been resenting your work recently? It could be that you just need a change of pace or new employment. However, if your unhappiness stems from the general issue of working for someone else in companies that you don’t believe in, perhaps this feeling is just what you need to jettison you into developing your own business.

Do You Understand The Risks Of Owning A Business?

Time for a dose of anxiety. Are you prepared for the difficulties you will face, when owning a business? Although the Conservative government has promised to help start-ups in the UK, it’s still an extremely risky decision. Most small businesses collapse within the first two years, and if you have invested a lot of your own money into your business, you could be left with very little to show for it. That said; nothing ventured, nothing gained!

Are You Protected?

If you’ve already started building the foundations of your business, have you considered the protection you need to implement, so that your company won’t fall into the hands of cyber criminals? These kind of attacks have become more common over the last few decades, so you need strong firewalls and internet armour to protect you. Dell IT Security is a good company to consider, but assess your needs as a new business, and find something that will safeguard your information best.

Is Your Business Idea Something You’re Passionate About?

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If you can’t get excited about your business idea, then it’s definitely time to throw in the towel. If you’re not passionate about your company, then who will be? You need fire to drive you through the early stages, and if you’re blasé about the final product, then this isn’t the time for you to create your own business.

Do You Have A Support System?

We would be lying if we didn’t point out that it’s going to be extremely tough. There will be a lot of hard work involved and you’ll have to put-in a lot of thankless hours to get your company off the ground. It may sound wishy-washy, but you are going to need your family and friends on-side to keep encouraging you through the hardest parts. There will be good time, and bad times.

Do You Have A Long-Term Plan?

It’s all very well and good planning for the short term, but have you looked at the wider picture? You need provisions for the future and you need to be able to visualise where you want your business to be in the next few years. Sometimes, it helps to get this down in writing, so everyone is singing from the same hymn book.

Passion Artist & a Social entrepreneur. Interests goes like this; Art & Design ,Psychology, Software, Electronics and Nanotechnology. NNITO!