Why Go Into Business Anyway?
Even if you have plenty of money, going into business is not as easy as it seems
. You should first evaluate your interest, experiences, skills and the community needs. You need to ask these questions to yourself. Am I good in human relations? Do I have social contacts? Have I ever been in business before? Is my health fit for business? Is there a good market for my projected service or product? Write your answers in a memo pads or notepads and review it before you jump into what you want to endeavor in. If your answers are all yes, then you are good to go!In business, remember that aside from positive personal qualities like hard work, determination, creativity and enthusiasm that you must possess, good planning and preparation are equally essential in setting up an enterprise. Of course, money and other valuable resources are needed in business; but without proper planning and adequate preparation, such resources may disappear. Such loss is unfortunate and unnecessary since it can be prevented.
Putting up a business is an investment. As such, you should take into serious consideration the criteria of good investment, like safety of your capital, stability of income and possibility of growth. Business is not really very risky-like speculation or gambling if it is well studied, planned and managed, that is.
Here are some reasons why people go to business:
First, for personal satisfaction. People venturing into business enjoy challenges and risk-taking projects. The success of their business gives them a sense of fulfillment.
Family involvement is the next reason. This is most common especially in family-owned businesses. They feel it is their responsibility to continue the business of their parents, especially if it is profitable and growing.
Some people want to be the boss that is why they put up a business of their own. They love to make their own decisions and implement them. If they are employees, they are obliged to follow policies, report on time, and finish their work according to schedule. Some people are not happy with such kind of life. They prefer independence, power, fame and fortune.
Business minded people love social activities. There are people who are really born to socialize. Such extroverted personalities are good for business. They take advantage of their social contacts to promote their business interests. They can also get partners and financers in socializing with people.
Lastly, some individuals are greatly motivated by profit or the chance to amass wealth, thus, they go into business. This is the best way for them to become rich. In third world countries, most employees remain poor throughout their lives. On the other hand, those who are engaged even in small enterprises become prosperous. This is the reason why several governments have been encouraging their people to be entrepreneurs instead of job seekers.
Many successful businessmen started from scratch. Now, they are millionaires. Some of these millionaires use the clich from rags to riches, which is indeed very true. And you may not believe that some of them have not even acquired a college education. A few are even drop-outs and yet they are earning more than the average Joe.
Luck has nothing to do with business. A person that succeeds in this endeavor never gives in to pressure and problems. Losing is not part of their vocabulary. They are persistent in achieving what they have dreamed of. And they always ask for Gods guidance in everything.
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