Parvati Magazine March 2015 - Awareness | Page 30

BUSINESS SEVEN TIPS For Startups Image credit: Gregory Han A lmost everyone dreams of starting their own business at some point in their lives. Often, this thought may be spawned by having a difficult boss or a challenging group of coworkers. But if this is the only reason you may wish to start out on your own, then most likely, starting a business will lead to disappointment. A recent study showed that the majority of people who start their own business did so to find freedom. They were tired of working for someone else. It is important to be aware, however, that if this is your prime motive to start a business, then unfortunately you may likely be part of the 80% failure rate of new startups. All entrepreneurs must face the sobering reality that being your own boss holds you more accountable than working for a company. People who want f reedom by starting a business quickly find themselves with more decisions to make and being accountable in ways that they likely never imagined. If your dream to start a business runs deep within your soul, almost as if you have no choice other than to serve that passion, then that is when you should consider starting your own business. Armed with passion and awareness, it is possible to be a successful business startup. Here are my seven tips for starting your own business: 1. Love what you do: All arises from love. Love is the fabric of every successful relationship, including your relationship with your business. 2. Self reflection: Know thyself. Often our biggest obstacle is our own self. Negative selfchatter and the over-inflated ego are two examples of self-sabotage. Common traits