Facts about starting business

Shared From:

The Brutal Truth

Enterpreneurship Insights

By Pam SIow

            Many people wanted to start a business because they are either bored, exhausted or yearn to start something of their own.  The reality is, embarking on your business is going to be even tougher.

Facts:

              i.        You have to make all the decision and all the mistakes are your fault

-       Where as in employment, your boss provides guidance support, and idea during challenging situations.

             ii.        You have to work even harder, especially in the beginning, because you are going to do everything on your own.

-       The good news is that you are completely in charge for steering your future in the right way.

            iii.        You have to go through the 4 stage of setting up a business :-

·         The expectation stage

(business seems full of positive possibilities)

·         The fall on your face stage

(when you realise that customer have a different expectation)

·         Tweaking stage

(improve product according to feedback)

·         Momentum stage

(signs of growth finally show)

The good news is, over time you will enjoy the boring and predictable process of business building.

Starting your business is the best growth development plan and once you succeed, your life has a chance to evolve into your dream life.