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Author: admin, 28.04.2015. Category: Positive Thought For The Day

Like many people I know, back in 2007 my employer was badly affected by the banking crisis and subsequent economic climate. Despite all that and a wobbly business climate, in 2008 I still decided to leave my job and start my own business. I’d been planning and plotting for probably 9 months (I’ll spare you the pregnancy metaphor), and to be honest, had initially planned to just freelance on the side, too risk adverse to take the plunge completely.
Although I wasn’t in danger of losing my own job, even just a small taste of the freedom and possibilities of entrepreneurship was irresistible.
Along my twisted journey, which has been a lot of fun and a lot of hard work, there’s been one common theme that I keep bumping into: sacrifice. The word sacrifice reminds me of an earlier discussion here on DLM, which comes first: Success or Happiness.
Ok, so enough with the examples of sacrifice – just remember that sacrifice is different for everybody.
What I can tell you is that no matter how much sacrifice is required, I feel it is always worth it. Related PostsYou’re Not Small, You’re Just Human (and So Are The Gurus)Starting A New Business? Given that I was working at a bank, you can imagine things got a little more precarious than usual.
The allure of working for myself, in control of my day-to-day working environment was too strong.
A lot of entrepreneurs will tell you it is, technically speaking, crazy to go into business.

You know, benefits, those cushy things that employers give their staff to tempt them to stick around.
I wish I could warn you about how much overconsumption of caffeine you’ll have, and how many nights you won’t sleep because you’re worried about paying your mortgage. I may be crazy, but if that’s what it takes to tempt the hand of fate, then that’s a sacrifice worth taking. They have written for the LA Times, The Washington Post, President Bill Clinton's White House, Forbes, and more. While you might be excited about the idea of becoming a business owner, setting your own hours, and making your own rules, you’ll want to make sure that you proceed slowly for your personal success as well as the success of your business.
That can change later on in your business career, but the beginning is mostly just hard work.
You constantly have to take risks, stick your neck out, take criticism on the chin, fail often.
The biggest one is health insurance, for those living in countries without public health care. I’d love to say that you’ll be breaking even within a year, or that in 6 years you’ll cash out as a millionaire. You’ll also want to make sure that you leave your current job on the very best of terms in case you need those business connections later own. You never know when your boss or co-workers might become your first customers or clients.Have a Unique ConceptYou have to be completely honest with yourself when determining whether or not your business concept is a unique one. You and your business will essentially be an insect in a massive ecosystem, so you’ve got to know where you fit in.

Once you have a basic business concept, you’ll want to find a specialized and specific niche market. Find some way of standing out in your chosen industry, and determine what it is that you can fix that isn’t already being fixed. For instance, what do you plan on doing if someone else comes along who has better resources and more money than you do and decides to “borrow” your business concept? It’s recommended that you be sure you include your marketer, lawyer, and accountant with your network.
While you’re planning your business, you will run into obstacles, you will have to stay up late nights and wake up earlier than you might like to, and there will probably be times where you want nothing more than to throw in the towel. Seriously examine your reasons for wanting to start your business and study your chosen industry. She is a contributing writer to this and other blogs and also writes email newsletter articles, press releases and web content.
Prior to her writing career, Natalie worked in various fields including real estate, equipment leasing and banking.

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