Starting Your Own Business

Despite who you are, starting up a business of your own will be challenging, time consuming, and make you just want to pull your hair out. It doesn’t take much to start a business as far as jumping through hoops and requirements, but those few hoops are on fire over a pool of sharks and after taking a bath in gasoline and seal blood, you realize that it’s going to take some serious finesse to pull it off. Realistically, it does take a lot of effort to get a business going and most fail within the first few years, but it is not impossible. Although the risks are somewhat high, it is still considered a good life and career choice to go into Small Business Operation/Entrepreneurship. With the right level of focus and dedication it’s very simple to succeed in the business field despite its grueling challenges.

Before even attempting to jump through any hoops, one must first figure out some of the small things like, what kind of business you want to own, is it a service or production based business, is the business high demand in your area or anywhere at all, and any other question that relates specifically to your chosen business. Location is also a key factor. For example, opening another hotel in Gold Beach wouldn’t be a great idea. These questions factor into the business concept. “A business concept is the bridge between an idea and a business plan.” (2) This stage is very important and useful because it is illogical to attempt to start a business with out any real forethought. Once you have made the right decisions it’s time to put it into an organized layout. Putting together a business plan is the best choice.

One of the big hoops one faces in the business of Small Business Operation is creating and presenting a business ...

... middle of paper ...

... of time and money, but if its done right, it will pay off.

So, with everything lined out, the job for the entrepreneur is simple, yet costly. Despite the challenges however, with the correct methods and dedication success will be achieved. The biggest challenge is the long-term dedication to the businesses success. Although jumping through all the flaming hoops is dangerous and risky, if an entrepreneur can find his way through he might just find himself landing on a nice soft pile of cash.

Works Cited

http://www.forbes.com/sites/kauffman/2012/06/11/how-to-turn-an-idea-into-a-startup-begin-with-a-business-concept-statement/ http://www.inc.com/guides/present-your-business-plan.html http://smallbiztrends.com/2012/12/start-up-failure-rates-the-definitive-numbers.html

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Checklist-for-Starting-a-Business