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Are You Capable Of Starting a Business?

There is no scale to measure or any body can’t right predict about any one whether he/she is capable or not capable to start a business. It’s totally depend on you who wants to start business.

Small business owners come in a variety of personalities and temperaments. 

There is no scale to measure or any body can’t right predict about any one whether he/she is capable or not capable to start a business. It’s totally depend on you who wants to start business. 

It is easy to start a business (small niche), but most probably it won’t be successful. You should understand that without any experience in it and some luck. According to statistics only 4–5% businesses reach a success even if it seemed to be a good idea.

  • You should learn a lot of theory about all the hidden obstacles and particular qualities of your business.
  • Ask somebody experienced in it to avoid stupid mistakes at the very beginning.
  • Make sure you are ready to lost this money in case everything will go wrong.
  • Be ready to face a lot of unexpected issues that you cannot ever predict.
  • Ask your friends for a help, as it will take a lot of your time you need someone to assist you with tasks.

There are a few common traits shared by most successful entrepreneurs.

  • Willingness to sacrifice—If you enjoy working the nine to five, do not go into business for yourself. Entrepreneurship often requires many more hours beyond the forty-hour work week. If you have a passion and are willing to work all hours to nurse your business while she is still learning to walk on her own, then you probably have what it takes.
  • Interpersonal skills—You will be required to interact with a host of people other than customers, such as lawyers, employees, and salespeople. If you do not like talking to people you do not know, it might be better to keep your day job. Sales will be a critical aspect in those early days, and if you are unable to talk to people to make those initial sales, your business may not survive until you are able to hire a full time sales person.
  • Leadership ability—You will be the one everyone turns to for the answers. Are you ready to call the shots? Taking ownership of decisions and accepting the consequences (good or bad), is essential in a business person. This helps us learn an improve both personally and as a business.
  • Optimism and persistence—Being able to hang in there when business gets tough is an important quality in small business owners. There is usually light at the end of the tunnel. Most business owners give up too soon. Most businesses that fail, do so in the first few years of operation. If you are able to pull through those initial, rough few years, the chances of a brighter future look positive.
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In general, if you have some budget, idea and desire – go ahead and try something. You will never know if it works until you will do a first step. Business is all about taking risks. If you are looking for a 9 to 5 job. Then sorry, do not go into business. 

If you actually want to start your business and you’re ready to work hard for it. Go Ahead…

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