BUSINESS
in successful entrepreneurs include discipline, self-confidence,
humility, structure, motivation, the ability to
communicate and a
positive attitude.
3. Do not quit your day
job right away: Create your dream board
and develop your
business
concepts
while you still work at
your 9-5 job. Look at
your ideas carefully.
Research the marketplace. Study what
businesses are doing
and how they are doing it.
4. No one is an island: It is
essential to make sure
that you have the support you need. If you
are married, check
with your partner. A
business
launched
with
a
supportive
partner has a much
greater chance of
succeeding. Support
also comes from mentors, friends and other
resources such as industry specific support
groups and organizations set up specifically
to serve you and your
industry. Create your
support team.
article and or email
me directly at rishi@
rishivision.com.
5. Set up a small office
at home: Make sure
that you are comfortable both physically
and mentally working
from home. Almost
every startup will start
at home before it expands into a physical
location. Create a
healthy clean environment where you can
work effectively. Set
up a spare room as an
office. Make sure it is
distraction-free, preferably as a dedicated
work space.
7. Know your numbers:
Almost all businesses
require income. Know
your costs so that you
can figure out how
much you need to
make in order to survive, and eventually
thrive. You will need
to know your breakeven point and when
it will happen. Once
you have your numbers in place and with
a solid business plan
in hand, go find funding from banks, investors, friends, a line of
credit, your savings, or
crowdsourcing.
6. Create a Business
Plan: While still at your
day job, lock yourself in your new office
space and create
your business plan. If
business plan writing is
not for you, hire someone who can do it for
you. I write excellent
business plans that
have secured financing and success for
many businesses. Feel
free to contact me by
commenting on this
Keep these tips handy
and feel free to share
them with anyone you
know who is thinking of
starting a business. Being
aware of these key seven
points can mean the difference between success
and failure.
Since 1994, Rishi Deva, founder and CEO of RishiVision and
entrepreneurial coach, has empowered thousands of businesses. Rishi
has an MBA in marketing and entrepreneurial studies and a BBA in
accounting. He has spent nearly twenty years coaching, consulting,
managing and supporting thousands of businesses from new startups
to active global leaders.
For more information on Rishi, please visit www.rishivision.com.