Tuesday, May 24, 2011

What is Business.

                                
What is Business.
As Harvey McKay a great author said,
"Business is something that you will enjoy doing". Find something you love to do and you'll never have to work for a single day in your life. Also if you are doing something you love. you're much more likely to stick with it through thick and thin times.
Before start any type of business you need three things,

(a) Guts : Guts means you must have an entrepreneurial instinct, which is an overwhelming desire to have your own business. You must have the guts and dedication to be completely devoted to your goal.

(b) Brains : You should have a working knowledge about the business you plan to start before you start it. Common sense combined with appropriate experience.

(c) Capital : Every business needs money of your own plus sufficent cash to maintain a positive cash flow for at least a year. Many businesses can be started on a very small scale with small investments.

Once you are satisfied that you have the qualities and charecteristics of a sucessful entrepreneur and that you definitely want to be in business, then you must decide which business is best for you and where to locate that business. Also have to decide that you want to operate business full-time or moonlight.

If you have not yet decided on a business, then try this

On the top of a blank sheet of paper, write an activity you like to perform (make this heading). Do a seperate page for each activity or interest you have.
On those same sheets list as many business you can think of that are related to that activity.
On the same sheets, list all the products or services you can think of that activity. Use your imagination and think of every possible products or service you could perform.

cont-

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