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Thoughts on Setting up Your First Business

29-September-2016

Starting your first own business can be very exciting and empowering but it requires extreme discipline and great planning in order to be successful. Once you have your business plan in place, you know your market, you know your competitors, you have set up a company in place and you are ready to go. But go where? And do what? What needs to come next and how do you develop that business idea into a real successful business?

First and foremost, especially for women, as most of us tend to be more emotional and thinking more about our life path, we might think of the new business endeavor as in an emotional way. What I mean by emotional is that at the beginning, as with most new endeavors, we tend to be positive to the extreme, putting a lot of feelings and emotions in what needs to be strict and disciplined and well thought out business. If we are lucky enough and results come fast - great! However, if that is not the case you need to put yourself back on track, evaluate carefully what you are doing right and what might be the challenges.

One of the hardest things to do when starting your own business for the very first time is realizing you do not have anyone to set up your goals for you. Realizing that you are the only one responsible for running that business. And what that means in reality is that YOU, the business owner, need to sit down and work and make yourself work during the entire day. And not only that, but also make yourself work overtime just as you would do for someone else. If you do not work and do not put the hours, which is your time and investment in the business, there will be no one else to do it for you. Of course, unless you are someone with tons of capital and can afford highly paid managers to do it for you. Sounds boring and discouraging and almost as if it is taking the fun out of being an entrepreneur. But it is not. It is all about being a little disciplined and positive results will come.

Setting up your first business must be fun. You need to be inspired and have a great positive vision of your future endeavor. Above all you need to remember that this is the real world, real business and there are many tasks that depend on you if you would like to turn that business into a successful business case. A true entrepreneur is not only the person with the ideas but the person who acts upon their ideas and turns them into a reality. Good luck in the land of endless possibilities, the land of entrepreneurship!



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