subject: Before Building One Of The Top Business Opportunities: Consider This.. [print this page] Before You Look For Top Business Opportunities, Ask If Business Is Right for You?
Here are some really basic questions Bill Bartmann suggests you to ask yourself before building one of the top business opportunities.
Number one, is there really a need for your product? Is there really a customer base for what it is you're doing? We can be wildly in love with an idea and think it's the greatest thing since sliced bread but if the consuming public doesn't like it, want it, share our passion, or see what we see in it, then quite frankly maybe we should decide not yet, not now. Is there really a need for your product?
Two, do you have enough money? You don't need a lot of money to start a business. Bill Bartmann, for example started every business with nothing, but as he admits, he's a little different than some people. He is willing to figure out how to get the money, but this is one of his cherished skill sets, one of the attributes not everybody has.
So most people will need to know that you do have enough money to get started, you do have enough money saved up, and you've thought about what it means to be in business. When you get in business, you're not just risking yourself, your future, and your career, but you almost always take somebody with you. Almost always we're dealing with our loved ones, our families, relatives, and the people around us.
Sometimes when we start a business and we're not really ready to start, the business might go bad and the financial ramifications can be pretty severe. They impact a lot of people, so be honest about question number two. Think about how much money you have saved, how much you need to borrow, and how much you need to have as a line of credit with your lending institution or investor.
How much cash or capital do you have to have available before you quit my job and start this business, because what if it doesn't work as fast as you want it to? What if the customers don't come as quick as you want them to? What if it isn't as profitable as you thought? What if the expenses are more than you thought they were going to be? You need to have enough reserved so you don't run out and have to retreat back to the workforce, working for somebody else again. Ask and answer this question before you start.
Number three is very personal and should be important to you. Sit down and talk to your family before you do this. Before you get started, you have to have the support and encouragement of people around you. Remember, you have to get past no, and sometimes no is going to come from them, so you have to figure out how far you will go with this proposition in front of you. Have this conversation with them because you're not just dealing with your life, you're dealing with them, too.
When you get in business, you're going to take people with you on the way up, but you can also take them with you on the way down. So even though we think we're cowboys, mavericks, captains and entrepreneurs, there's always a crew aboard the ship. There's always people that are going to go down with the ship with you, if the ship goes down. We have an obligation, a stewardship duty, for the people in our life. We shouldn't be cavalier about their life; and if their life is such that they need the security of a regular job, if they're not ready to commit to the risks that are going to be involved, you should be thoughtful about this, and at least have the conversation.
The answer is what you and they come up with. As long as you pose the question properly, you'll know what to do with this.
The fourth step is, are you really confident in yourself and your idea or about finding the top business opportunities in order to succeed? This is important because if you're not fully confident in yourself or your idea yet, there are things you can do.
Bill Bartmann teaches self-esteem and assists people to grow. He teaches people how to become confident. If you're not there yet with yourself and your business idea, then maybe you're not ready to start yet. Maybe you should slow down the start process. There is no penalty for slowing down.
There is no penalty for not starting when you're not prepared. It would be stupid to begin something you're not ready to finish, in any endeavor. In life, would you really start anything that you're not ready to finish? No. It would dumb to start until you know what you think is going to happen and how you think you're going to do and what it's going to take to accomplish it. If you haven't figured that part out yet, that's okay, we still have time.
We can now spend more time being thoughtful on the things we now know we don't know. Knowing what you don't know is a wonderful thing. Say okay, good, then I have to go do some more research on this. However, this is not permission to end up in analysis paralysis, where you spend the rest of your life thinking about it. You to feel like you're ready before you start, because you have misgivings already. When things get rough, things get hard, and all of a sudden things don't work the way you want them to, it gets lonely out there being in business for yourself.
