Saturday, 6 December 2014

Turning your start up idea into business

Before starting with the brainstorming of business ideas. You need to check yourself, if you will be capable of handling the challenges and trials in this entrepreneurial journey. Having many ideas will not bring you to the road of entrepreneurship.

1. Are you willing to take charge of your start up?
2. Are you ready to take a step to be an entrepreneur?
3. Can you take responsibilities of your decisions?
4. Can you make a business plan and have a back up plan?
5. Do you have passion in your start up idea?
6. Do you plan and organise your day?
7. How well you get along with others?
8. How good are you in handling criticisms?
9. Are you willing to be an Accountant, Marketer,Manager, Chief, CEO?
10. Are you willing to take a risks?

Those 10 questions above should be considered before putting your start up idea into business. If you have the guts, and willing to take the calculated risks "Entrepreneurship is for you".

Hard work and determination will form a big part of your entrepreneurial journey. A willingness to learn in every steps and possible failures is a character that an entrepreneur should possess.

If you answered those 10 questions and was able to assess yourself that you are an entrepreneur. We need to check your start up idea.

Example:

You like eating and cooking. Everyday you prepare a pack lunch for yourself such as chicken sandwich, tuna sandwich, tomato and cheese sandwich. One day, you offered to your colleagues to prepare their pack lunch for a 2 euros sandwich. After a year, your pack lunch sandwich preparation for colleagues was a hit and they continuously ordering in your pack lunch sideline business.

From being a pack lunch, you might want to start a sandwich fast food restaurant and add a twists. Chef Jon Homemade Sandwich and add to your offerings coffee. The possible location is nearby office buildings. You can start it by yourself and apply the learnings during the pack lunch sideline business.

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