12/13/2017

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Starting A Business
by John M. Roberts

Starting your own business can be a rewarding experience that can take you far beyond your wildest dreams.

Entrepreneurs and small business upstarts are necessary in every aspect of life. They are found in every segment of every society starting with individuals and resonating into all communities, small towns and large cities, states, and throughout the world.

Small businesses help grow the economy in different ways such as keeping the flow of money and goods and services moving freely.

It is small businesses that create most of the jobs in most communities. If you look around, you will notice a lot of them such as restaurants, dry cleaners, auto repair shops, tire stores, insurance agencies, realtors, and other small businesses.

These businesses create incomes for local residents, create tax revenues for city, county, state, and federal coffers, and help pay for community based services such as police and fire departments, hospitals, schools, and other important services.

Starting a business can be rewarding in many ways. One of the greatest rewards is having the freedom to make your own decisions and to be able to plan and execute strategies to reach your goals. This is the reason most entrepreneurs go into business for themselves in the first place.

Your strategy for opening your own company and ensuring success should be based on careful planning. If you plan and keep your eye on the prize, your success will materialize. This means putting in time, energy, and possibly investing money to make money.

Success, in many cases, comes with a lot of hits and misses. You should understand and be prepared for the ups and downs that come with starting a business because, in most cases, you will experience them.

Thousands of new business filings are made every day and the future looks promising for those who are willing to sacrifice their time, energy, and sleepless nights.

Remember, most large companies depend on small business enterprises to provide needed support in surrounding communities. This makes small businesses very important to larger companies, the people who work for those companies, and to the people who live in surrounding areas. In other words, your small business may be able to feed off of nearby larger companies.

Question: What is the first step in starting a business?

Answer: You have to understand that the first step in starting a business is YOU. You are the one who is making the decision to start your business and you are the one who is going to have to live with the consequences, whether they are good or bad.

Starting your own business is not to be taken lightly by any measure because success boils down to what you are willing to put into the business, both time wise and money wise. That is why you are the first step!

Politicians like to use the phrase, "the buck stops here." When starting a new business, the opposite is true, "The buck starts here." When I say, "the buck starts here," I mean that it literally starts with you from day one. Even if you are in a position to hire a president or manager, or someone to run the day to day operations, it is still you who have the responsibility of making your business succeed.

Before jumping into the business ownership arena, there are a lot of things you should know and a lot of questions you should ask yourself, and others who might be of some help. Do the research. Don't hesitate to ask questions. Listen. Read. Take notes. And most of all, keep an open mind.

There are literally hundreds of books, seminars, lectures, self help videos, and tapes, available offering advice on how to start a business from scratch, buy an existing business, a franchise, partnerships and or how to buy a corporation.

But the one thing no book or seminar can answer for you is this: First of all, are you sure this is what you want to do?

If you are sure, then great. Go on and get started. But if there is any hesitation, maybe you should STOP and think this through.

Actually, hesitation may be a good thing. Many people go into business without a vision and without a plan. There are a lot of "what if's" in business and those "what if's" can spell trouble down the road.

Try to anticipate trouble before it gets to you and resolve as many issues, up front, as you can. By stopping and thinking, before you get started, you may save yourself a lot of future headaches when it comes to starting businesses.

Now that you know that YOU are the first step in starting your business venture, there are many other question that need answering before you take the plunge. This is just the first step in the beginning of a long process that may take you into many years of ownership and relationships in the business world.

About the author

John M. Roberts is the owner of John Roberts Realty located in Moreno Valley, California. You may contact him at jrobertsrealty@yahoo.com.

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