subject: How To Start A New Business - Grit Required [print this page] To start a new business these days can be comparable to throwing another stone in an already stone-filled pond-there are already a lot of them out there so it may seem pretty pointless to add one more. But people still do, and people still will, and you might just be one of them.
For you to start a new business, you must have grit among other things. Of course, a target market, a good location, an effective business plan, and capital are necessary, but without the resolve to take all of those together and make them work in the long run, you cannot hope to succeed. There will be a lot of road blocks, speed bumps, and diversions along the way: an uncooperative, selfish, or inefficient business partner or subordinates, if you're not a solo entrepreneur and your business has already grown for it to require employees; debt; seasonal changes in the demand for your products or services; unforeseen circumstances such as natural catastrophes affecting your location; and many others. They may come in many forms, but come they surely will. Apart from the wisdom to deal with each situation, you must have the determination to see all of them through.
Think you've got what it takes to do it? Go for it! And don't be discouraged about the number of "stones" already existing-throw yours out, work on it, and let it grow. Your decision to start a new business might just be one of the best decisions you ever make in life.
