Share, , Google Plus, Pinterest,

Posted in:

How to start a business with what you have

Have you ever looked at famous entrepreneurs and wondered how they got to where they are? Where did they start? Many successful entrepreneurs have started from humble beginnings and with what they have. You may think you cannot start a business with what you have, but it takes fewer resources than you might think. Combined with passion and tenacity, you could be well on your way to becoming the next great entrepreneur. Here are some aspects to consider:

Your personality and skills

What is your passion? This is important to consider because when the going gets tough your passion will be the one thing that will drive you to success. What do you love doing? Do you like to see how things work? Do you like to teach? Do you like to share knowledge? Furthermore, if you do something which you are passionate about, it won’t always feel like work. Think about your passion and consider how you can channel it into a business.

Next, what skills do you have? These skills are divided up into learnt skills and natural skills. Learnt skills are skills which you have acquired by attending a course, reading a book, or watching how someone else does something. Natural skills are the abilities which you were born with. Are you great speaker? Do you make friends easily? Are you good with numbers? Make a list of your skills and see which industry suits you best.

What personality traits will be an asset to starting your own business? You need to be a person who takes action. Therefore, you need to face problems and solve them. Procrastination will not benefit you in your business. In addition, you need to be resilient, even when you face obstacles or setbacks. You need to dust yourself off and get back on the track. Remember this is your dream and your empire you are developing. Another trait to consider is patience. Building a business takes time. Many famous entrepreneurs have been working many hours to be the success they are today. Yes, there are the lucky few who strike it rich quickly, but the majority of entrepreneurs have been pursuing their businesses for a long time. Finally, be able to embrace change. You may start with a business idea but another opportunity might present itself and you need to embrace these changes.

Your resources 

What resources do you have available? Look at your financial situation and make sure that when you start out you only use the money which you can afford and are willing to lose. What do you own that you can use to make money? If you have a laptop and an internet connection, you could start an online business. You could make sandwiches or muffins and sell them at your local business centre or office park. If you have a lawnmower, you could start a garden service. Use word of mouth and social media to promote your business. Tell your friends and families about what you are doing and they may be able to drum up some business for you from their connections.

So look at what you have available and be creative! You will be amazed by what you can do with the resources have available to you. By using what you have, you will also start a business with a strong foundation. Should you hit hard times in the future you will know that you can get through them because you have survived them in the beginning. Decide on your dream career and pursue it with your whole being and you will surely become the success you always dreamt of being.

Proudly brought to you by the NSBC.