Is Entrepreneurship For You?

Is Entrepreneurship For You?

There is no way to eliminate all the risks associated with starting a small business.  However, you can improve your chances of success with good planning and preparation.  A good starting place is to evaluate your strengths and weaknesses as the owner and manager of a small business.  Carefully consider each of the following questions.

Are you a self-starter?  It will be up to you – not someone else telling you – to develop projects, organize your team, and follow through on details.

How well do you get along with different personalities?  Business owners need to develop working relationships with a variety of people including customers, vendors, staff, banks and professionals such as lawyers, accountants or consultants.  Can you deal with a demanding client, an unreliable vendor, or cranky staff person in the best interest of your business?

How good are you at making decisions?  Small business owners are required to make decisions constantly, often quickly, under pressure, and independently.

Do you have the physical and emotional stamina to run a business?  Business ownership can be challenging, fun and exciting. But it is also a lot of work.  Can you face 12-hour work days, six or seven days a week?

How well do you plan and organize?  Research indicates that many business failures could have been avoided through better planning.  Good organization of – financials, inventory, schedules, production – can help avoid many pitfalls.

Character Traits That Are Essential in Starting

and Maintaining Your Business Are:

 

Self-motivation

Perseverance

Flexibility

 

 

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“Biblical Entrepreneurship” is a workbook written by Attorney Karmen A. Booker, solves the problem of “not knowing how to start a business”. It is a comprehensive guide for starting and operating an efficient business. It discusses the 7-step process for operating your business GOD’S WAY:

Step 1 – How to Obtain a Vision for Your Business

Step 2 – How to Hear From God

Step 3 – How to Overcome Obstacles – the Fear of Failure and the Fear of Rejection

Step 4 – The Different Types of Business Entities and Selecting the Best One for your Business

Step 5 – How to Develop a Business Plan

Step 6 –  How to Select a Name for Your Business and Other Business Essentials

Step 7 – Tax Tips for Your Home Business

 

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