Starting a new business offers the expectation of great returns and generally there is a high element of risk involved. It's not uncommon to hear that when we're in our own business, every time we leap out of bed in the morning we're out of work until we make our first sale! Sound familiar?
According to reports, people who are self-employed account for about 25% of our population. And reliable statistics show that just about all of the highly-successful people we hear about started out being self-employed in their own business.
And there are many occasions where people are really forced to start their own small business. This can be as a result of things like being made redundant, unemployed, downsized, or else their employer's business collapses, etc. These days these experiences are commonplace, and unlikely to improve much in the near future. There are particular industries where this is more commonplace, such as motor vehicle, real estate and retail, to name just a few.
One of the results of this is the creation of new businesses by an emerging number of entrepreneurs. Are there risks involved? Of course, and most of us know the failure-rate of new businesses is very high in the first five years, apparently up around the 30% to 40% mark according to reliable university studies. So it's always survival of the fittest in order to have a business that lasts.
But despite the risk, according to a major study done recently, most small business owners advise their friends to start a business now, instead of delaying for a year. And according to an MSNBC report, small businesses employ over seventy five percent of the net new jobs in the economy. Of these small businesses, although they start out small, many of them grow very quickly. These new businesses, many of which are home-based by the way, employ over forty million in the United States alone, plus the millions of others in other countries, and are growing rapidly in numbers. Yahoo recently reported that over 75% of business-owners indicated that the internet directly influenced the launch of their new venture in this new economy.
So it doesn't really matter what your situation is, when you make the decision to become an entrepreneur and start your own business, and you're passionate about achieving success with a business that lasts, if you've made your decision after careful research, the risk-reward factor is well-balanced and in your favor. The potential benefits are huge and are unlimited. Although there is the risk factor of about a fifty-fifty chance of failure, you can get around that by doing some very basic things and having a proven system to work within.
Creating a successful business, particularly one that is home based, requires self-discipline, so that when you come across obstacles, as you certainly will, being completely clear about your "why" for operating a business will greatly assist you in sticking with your decision and never quitting.
Super-successful businesses, particularly when you work from home, are based upon your commitment to take massive action. Never ever give-up, be certain about what you want, and just go for it. The rewards from operating a successful small business that lasts are priceless and enable people like you and your dearest ones to have the type of lifestyle normally reserved for the ultra-rich.
According to reports, people who are self-employed account for about 25% of our population. And reliable statistics show that just about all of the highly-successful people we hear about started out being self-employed in their own business.
And there are many occasions where people are really forced to start their own small business. This can be as a result of things like being made redundant, unemployed, downsized, or else their employer's business collapses, etc. These days these experiences are commonplace, and unlikely to improve much in the near future. There are particular industries where this is more commonplace, such as motor vehicle, real estate and retail, to name just a few.
One of the results of this is the creation of new businesses by an emerging number of entrepreneurs. Are there risks involved? Of course, and most of us know the failure-rate of new businesses is very high in the first five years, apparently up around the 30% to 40% mark according to reliable university studies. So it's always survival of the fittest in order to have a business that lasts.
But despite the risk, according to a major study done recently, most small business owners advise their friends to start a business now, instead of delaying for a year. And according to an MSNBC report, small businesses employ over seventy five percent of the net new jobs in the economy. Of these small businesses, although they start out small, many of them grow very quickly. These new businesses, many of which are home-based by the way, employ over forty million in the United States alone, plus the millions of others in other countries, and are growing rapidly in numbers. Yahoo recently reported that over 75% of business-owners indicated that the internet directly influenced the launch of their new venture in this new economy.
So it doesn't really matter what your situation is, when you make the decision to become an entrepreneur and start your own business, and you're passionate about achieving success with a business that lasts, if you've made your decision after careful research, the risk-reward factor is well-balanced and in your favor. The potential benefits are huge and are unlimited. Although there is the risk factor of about a fifty-fifty chance of failure, you can get around that by doing some very basic things and having a proven system to work within.
Creating a successful business, particularly one that is home based, requires self-discipline, so that when you come across obstacles, as you certainly will, being completely clear about your "why" for operating a business will greatly assist you in sticking with your decision and never quitting.
Super-successful businesses, particularly when you work from home, are based upon your commitment to take massive action. Never ever give-up, be certain about what you want, and just go for it. The rewards from operating a successful small business that lasts are priceless and enable people like you and your dearest ones to have the type of lifestyle normally reserved for the ultra-rich.
About the Author:
John G Wass has extensive business experience showing people how to builda business that lasts, with the faultless system his leaders provides, so that he is now effectively helping others to builda business that lastsand make serious money.
0 comments
Post a Comment