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Starting your own business? Don’t go in half heartedly!

Start-Ups - Posted: February 13, 2011

Starting your own business? Don't go in half heartedly!

Starting your business can be one of the most exciting things you do. Building your own businesses is hard work but can be financially and personally rewarding. It requires a lot of determination and self belief. One of the most significant aspects about starting your own business is the fact that you can do what you really enjoy.

You should have a goal in mind when starting a business. Do you want to make enough to be financially comfortable to be able to look after your family? Do you want to create something that will change the world? or do you realistically feel that you can build you can build your idea into the next large corporation?

Whatever it may be one thing's for sure, you need give it all you got and run it like a professional business from the off. Take it seriously, a big idea no matter how good it is, won't work with half hearted efforts. Make sure the business process it done properly and professionally and you will begin to reap the rewards.

Have a plan, a business plan. Make it tailored to your goals. That is step one; next execute it. Carry out the plan fully, one of the reasons many start ups fail is because people don't try hard enough.

Be immersed in your business, you need to know what is going on in the industry so research and read up on it. Be prepared to put many hours into it, there is no quick win.

You will make mistakes and there will be set backs but if you have the determination and willingness to learn then you still have a chance. Where there is a will, there will be a way (as long as it's legal). So go out there and make it happen!

I leave you with this quote:

“You must fall in love with what you do, because being an entrepreneur is a lot of hard work, and overcoming a lot of adversity. From that love, will come the dedication that will get you out of bed at 4 a.m., because of a great idea you just had and get you to work till 11 p.m. and not feel tired” said Ken Field, Real Estate Magnet.

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Make it Happen: Guide to Starting Your Own Business

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Rishi Chowdhury

Co founder of YHP, founder of IncuBus Ventures, online marketing consultant & host of one of London's top entrepreneurial events (Flagons Den). Regularly found networking around Tech City, convincing myself I'm working. Working for the future, living for the moment.

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