This video was referred to me by a business associate today and I thought it would be great to share since I had the same topic in mind.
Over the last few weeks I spoke to several people that are looking for new business opportunities, or have business ideas that they wanted my feedback on. After speaking to these people, I realized that some people will waste your time with ideas that they have no intention or plan of ever following up on. I believe that a true entrepreneur already has a plan in place to make their vision a reality, or they are working on a plan now. There are many opportunities out there for people who truly want to become self-employed or want to change their current profession. I think people have to come to the realization that it takes serious thought, time, and investment to become successful in whatever they do. You must have a plan to reach your goals, and understand that there will be some cost involved, and a lot of time.
Per the Small Business Administration in 2009, the Kauffmann Foundation estimated that the average business start-up cost was approximately $30,000. Most people will have to survive for 2 – 3 years before they can become profitable. If you look online, you will see that there are many businesses that you can start for under $10,000. These businesses do not promise you that you will make enough money to become wealthy, or even to pay your current monthly expenses. You have to decide how much you are willing and able to spend up front and monthly to make your business work for you.
I don’t think that it’s wise to put all your eggs in one basket. If you diversify your business ventures and work hard to find your true niche, you will have a better chance for success. If you are afraid of failure, rejection, and loss of money, you will always find yourself in a job that makes someone else successful and wealthy. You will more than likely have ups and downs in any business, but you have to stay true to your dream and goals knowing that the end result is worth the time, expense and risk.
You will need to change the way you live and think to become truly successful. You will need to rid yourself of the negativity in your everyday life, this may mean people, TV, social media, news, and any other none positive force in your life. Believe in yourself, surround yourself with like-minded people, read motivational books, watch motivational videos, talk to successful people. Reprogram yourself to think positive, act, and live like you are successful.
Plan and choose a business that you can afford, and be willing to stay in it for the long haul. There will be many opportunities that you will consider, but you must find the best fit for you. Don’t be afraid to try something new if it’s a great opportunity and the timing is right. You will be surprised how easy it is to learn a new business if it fits your lifestyle.