Starting a new business offers the expectation of great rewards and in most cases there is a high element of risk involved. It's common to hear that when we're in our own business, every time we leap out of bed in the morning we're unemployed until we make our first transaction! Sound familiar?
According to many reports, people who are self-employed make up about 25% of our population. Reliable statistics show that just about all of the very successful people we know of started out as being self-employed in their own business.
Of course there are many occasions where people are really forced to start their own small business. This can be as a result of things like becoming unemployed, made redundant or downsized, their employer's business collapses, etc. These days these situations are commonplace, and unlikely to improve much in the short to medium term. There are particular industries where this is more widespread, such as motor vehicle, real estate and retail, to name just a few.
One of the results of this is the creation of new businesses by an emerging number of entrepreneurs. Are there risks involved? Of course, and most of us know the failure-rate of new businesses is very high in the first five years, apparently up around the 30% to 40% mark according to reliable university studies. So it's always survival of the fittest in order to have a business that lasts.
But despite the risk, according to a major study done recently, most small business owners advise their friends to start a business now, instead of delaying for a year. And according to an MSNBC report, small businesses employ over seventy five percent of the net new jobs in the economy. Of these small businesses, although they start out small, many of them grow very quickly. These new businesses, many of which are home-based by the way, employ over forty million in the United States alone, plus the millions of others in other countries, and are growing rapidly in numbers. Yahoo recently reported that over 75% of business-owners indicated that the internet directly influenced the launch of their new venture in this new economy.
So it doesn't really matter what your situation is, when you decide to become an entrepreneur and start your own business, and you're passionate about achieving rewards with a business that lasts, if you've made your decision after careful research the risk-reward ratio is well-balanced and in your favor. The potential benefits are huge and are unlimited. Although there is the risk factor about a 50-50 chance of failure, you can get around that by doing some very basic things and working within a proven system.
Creating a business that lasts, particularly one that is home based, requires self-discipline, so that when you come across obstacles, as you certainly will, being very clear about your "why" will greatly assist you in sticking with your decision and never giving up.
Successful businesses, particularly when you work from home, are based upon commitment and taking massive action. Never ever give-up, know exactly what you want, and just go for it. The rewards from operating a successful small business that lasts are priceless and enable people like you and your loved ones to live the type of lifestyle normally reserved for the ultra-rich.
According to many reports, people who are self-employed make up about 25% of our population. Reliable statistics show that just about all of the very successful people we know of started out as being self-employed in their own business.
Of course there are many occasions where people are really forced to start their own small business. This can be as a result of things like becoming unemployed, made redundant or downsized, their employer's business collapses, etc. These days these situations are commonplace, and unlikely to improve much in the short to medium term. There are particular industries where this is more widespread, such as motor vehicle, real estate and retail, to name just a few.
One of the results of this is the creation of new businesses by an emerging number of entrepreneurs. Are there risks involved? Of course, and most of us know the failure-rate of new businesses is very high in the first five years, apparently up around the 30% to 40% mark according to reliable university studies. So it's always survival of the fittest in order to have a business that lasts.
But despite the risk, according to a major study done recently, most small business owners advise their friends to start a business now, instead of delaying for a year. And according to an MSNBC report, small businesses employ over seventy five percent of the net new jobs in the economy. Of these small businesses, although they start out small, many of them grow very quickly. These new businesses, many of which are home-based by the way, employ over forty million in the United States alone, plus the millions of others in other countries, and are growing rapidly in numbers. Yahoo recently reported that over 75% of business-owners indicated that the internet directly influenced the launch of their new venture in this new economy.
So it doesn't really matter what your situation is, when you decide to become an entrepreneur and start your own business, and you're passionate about achieving rewards with a business that lasts, if you've made your decision after careful research the risk-reward ratio is well-balanced and in your favor. The potential benefits are huge and are unlimited. Although there is the risk factor about a 50-50 chance of failure, you can get around that by doing some very basic things and working within a proven system.
Creating a business that lasts, particularly one that is home based, requires self-discipline, so that when you come across obstacles, as you certainly will, being very clear about your "why" will greatly assist you in sticking with your decision and never giving up.
Successful businesses, particularly when you work from home, are based upon commitment and taking massive action. Never ever give-up, know exactly what you want, and just go for it. The rewards from operating a successful small business that lasts are priceless and enable people like you and your loved ones to live the type of lifestyle normally reserved for the ultra-rich.
About the Author:
John G Wass has much business experience showing people how to builda business that lasts, with the simple system his leaders provides, so that he is now effectively helping others to builda business that lastsand make worthwhile money.
