Monday 29 September 2014

I am excited!

Look at the type of business you choose and ask "do you see yourself doing it when you reach
retirement age"? Some business ventures need time to brew and some are immediate but your desire is what will push it. A lot of people who wish to start a business start it for various reasons and those reasons are what drives the implementation of it.

Some are happy at their current jobs but may wish to grow their life because they have envisioned that they may not be able to grow within the organisation they are in presently. Some start a business because they have a story to tell. Now how does this work? They wish to prove someone or a society that they are missing out on a vital aspect, these businesses are usually activist types and may end up being NGO's. Some start businesses because they wish to leave a legacy to their kids but the danger of it may be that the kids wouldn't take it up so make sure that your kids are a part of the business before they leave school or university. Family businesses do work but not without them being in it. An option is you can develop it and sell it.

Starting a business for job security isn't the best of options in my view as there is no security in owning a business except for emotional reasons such as pride in what you are doing because markets fluctuate. You will experience financial lifts and setbacks and it is during the ups you must prepare for the moments of downfalls. One can define security in various levels; for some it is in recognition even if they are not making much but enough. For me my reasons revolve around helping in changing the world to be a better place by creating jobs and opportunities for others as well as having what to do when i grow old and what will help me take care of my kids. Don't know if these personal reasons are good enough for you but for me it pushes me regardless of where i am at any stage in my business.

Some startup because they just want to be busy and some because they want to make money. For me being busy is a better reason as during financial lows many stop their ventures but those who want to be busy will keep at it even during financial lows. Most often entrepreneurs whether they are successful at their business or not at a stage find themselves very unhappy because we may have outgrown the passion behind why it all started in the first place. Set yourself Life present and future goals that one can use as landmarks. Look at business as a tool, this way you wouldn't be too anxious in slow times because you will see you are still achieving your life goals. 

I am excited because i know who i am, what i am doing to get there and i wish the same for you.

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