Conceive, Plan and Start a Business for Real Personal Satisfaction....

If you wish to start a business the realisation that the initial business idea is leading in this direction is sometimes a long slow process. What is more it is human nature that you will feel the need to talk it over with friends and family. Our suggestion is to delay this conversation as long as possible and keep your thoughts to yourself.

There are some situations where a group of colleagues feel they can stage a ‘management buyout’ or break away to start a business to form a competitive situation.

This is different, they will need to be working as a team and truly understand their objectives and circumstances so that they can create a comprehensive business plan and if necessary raise funding support. They will need to explain what they are trying to achieve to their families as it will affect everyone. This is very different from being an individual starting a business.

In another article where you were advised not to under estimate your experiences. The previous paragraph illustrates the point because we have experience of both situations yet relate them almost as a ‘throw away’, but they are experiences exclusive to us which many will not have encountered.

Do you have any such treasures in your locker? You may be able to draw on them.

So when you are thinking of starting a business think it through carefully. When you feel you are clear in your own mind on what you want to offer and what you think will be necessary to start the business you must create a business plan. Then you should discuss it, but not with family or friends because you will almost certainly get a negative response.

They will have many un-recognised motives for such a response, envy –“I didn’t think of that”. Fear – “what if it goes wrong?” They are not you, but this corrosive reaction will affect you and could deter you.

Your discussion will be best held with someone who you trust totally and who is able to be objective and advise on how to start a business and create and review an effective business plan covering ‘the business proposition’. Is there a Market? How are you going to satisfy the market? What is the start up funding? How will you finance it? Etc.

These are major factors for objective consideration before you start a business. How well you have thought them through and planned will have a direct bearing on your ultimate success. You may have to change your thinking and re-work some plans so best to keep it objective.

When you have been through this and got it bedded down to your satisfaction you then must involve those who are likely to be directly affected by your new business – particularly your family. It's no easy matter to start a business so get your family 'on side' and fuuly committed.

Tip:

Take satisfaction from every accomplishment because it will be some form of learning experience and today’s accomplishments were yesterday’s impossibilities.

Article by: Michael Harrison, Consultant, Author and Business Builder. Learn from an expert. Go to:

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