Starting A New Business

So you’ve got a business idea and you think it will work - make you money and/or give you satisfaction.

We could write many pages on what’s important in setting a business up - the does and don’ts.

More succinctly, from our reading, you may find the following useful to ensure success:

• Be single minded - make a list of what’s important now and what can be put off for 5 years
• Be prepared to make sacrifices - they’ll put you at an advantage against others
• Don’t exclude those close to you - share information and maybe even get them involved
• Beware of getting sidetracked - you may come up with other ideas but you need an evaluation method to check if its going to be more successful than the one your working on before you divert your valuable resource - don’t forget you’re probably the constraint!
• Make a plan - review it regularly and be prepared to make changes if required to ensure success
• Make your commitment to the business known to your customers
• Don’t sacrifice your values/standards - its what sets you apart from others

 Good luck.

This entry was posted on 29/08/2010 at 05:01 pm and is filed under Business interest, Tips and Ideas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.