Are You Ready To Start Your Own Business?

Do you have what it takes to start your own business?

Are you a "self-starter?" Do you like doing things your own way?
Can you get along well with different types of people?
Do you see yourself taking charge and seeing things through?
Do you always set plans and make sure you have a "Plan B" when things don't normally go the way you want them to be?
Can you make big decisions even when you are under a lot of pressure?

If you answer "YES" to most of these questions, then you definitely have the qualities of a successful entrepreneur in the future!

The Good News and the Bad News

Everything has a good side coupled with the not-so-good counterpart. But looking at the bigger picture, what is more important would be how you are able to pick the good and nurture it well to outweigh the bad.

PROS

• Just the thought of planning what business you will put up until the official first day of operation of your very own company is quite an exhilarating experience! Thinking of calculated risks, the possible dreams you will achieve, and seeing your name appended to a company that is yours will be very gratifying.
• With you being your own boss, you will enjoy a full control of your work schedule and commitments. Remember to remain responsible by keeping track of your attendance though!
• Your independence will be limitless! Entrepreneurs love the idea of not being answerable to anyone else. It will also be fun to freely speak your mind at any given time.

CONS

• Especially for businesses that are still starting, you should be prepared to realize that you would have to leave behind the security of receiving a monthly paycheck.
• Regardless of having a flexible schedule, there will be times wherein you would have to sacrifice your personal time to attend to a lot of very important task at hand.
• All major decisions will rest upon you, and unlike regular employees who are not worried too much about the status of the business, you on the other hand must be very much concerned about how your business is doing. You always have to remember that every decision you make requires a lot of responsibility.

So, you want to start your own business...

Entrepreneurship may sound easy, but starting your own business is quite tricky--difficult most of the time, but gratifying once you get used to everything. Research is very important and taking risk would be fundamental.