Looking for an invaluable arsenal of tools and information to get your small to mid-sized business going? Whether you are thinking of starting your own business or are already operating one, this blog will help you implement the practices critical to entrepreneurial success and will identify and help you avoid those landmine practices that can destroy a business.
The concepts and ideas shared in this blog are based on academic principals, and my own and other’s real life experiences. With 25 years of experience in entrepreneurship and franchising, I have witnessed first-hand strategies that work and simple mistakes and flaws that can destroy any business. For more about me, please refer to the “About The Author” section of my website.
Many people wish to venture beyond their existing worlds. Once they do, they are often blind-sided by unexpected events. It is a truism that today’s business climate is changing at an ever-increasing rate. This fast-paced environment creates both problems and opportunities.
These problems contribute to the high rate of new business failures. If you are an individual pursing the American Dream of owning your own business, you can increase the success of any business venture by anticipating potential pitfalls, while taking advantage of the opportunities that accompany the pitfalls.
You may want to ask yourself some questions about your current employment situation. The following questions will help you to evaluate your situation before you branch out into the unknown realm of entrepreneurship.
• Should you cling to the security of a weekly paycheck or venture out and become an entrepreneur?
• Are you curious to know what the business start-up landscape looks like?
• Have you always wanted to start your own business and be your own boss?
• Do you have a hobby or skill that could earn you a decent living?
• How do you feel about being a regular employee?
These are only an example of the questions you should ask yourself before you decide to abandon the secure world of an employee for the journey of entrepreneurship. Without proper introspection and preparation, you may end up feeling like you have leaped into the unknown, only to discover you are quickly falling to the rocks below.
Starting a business is like embarking on a journey. A successful journey in a car requires a map, a plan, a route, suitcases and a time line. Similarly, the entrepreneurial journey requires strategies, plans, financing, technologies, employees, and a general idea of the terrain. However, no amount of planning can eliminate surprises and unexpected circumstances. Just like real-life exploration, you have to try to prepare for unforeseen eventualities.
Welcome to the Journey to Entrepreneurship. Together, we will help you prepare for this new and exciting world.