Business 101: What do I need to start my own?

Starting your own business today is much easier than it was say 10 years ago. It used to be all about physical location, in some case today it is still location. However, most of us can start a business right from the comfort of our living rooms. With the invention of the World Wide Web we can launch a business in our living room that reaches world wide!

So let’s jump into the basic essentials for creating your own business today:

1.) A great idea, something that will meet a need for the community. Something that you can

do better than others providing the same product or service.
2.) You have to really want to journey this direction, owning your own business is not a cake

walk or a get rich quick adventure. However, if you are ready this will be one of the most

amazing journey’s of your life.
3.) You have to create a RoadMap to keep you on the right path. This is like using your GPS to

take a vacation; it is much easier to get from point A to point B if you have directions. This

will allow you to enjoy the fruits of your labor quicker than a random direction with no

planning.
4.) You have to create a Business Plan with specific targets, keep in mind this plan can & most

likely will be modified as you move through the launch and growth of your business.
5.) You need a strong support system behind you. This support system can come in a variety

of packaging; hire a Business Building Coach, join a Master Mind Group, find a Mentor…

Keep in mind each one plays a specific role in your journey. The Business Coach is trained

and experienced in getting you where you want to go, while the Master Mind Group may

be more generic or what worked for them. Unfortunately, what works for one may not

always work for the next person.
6.) You must have a strong passion for the business you want to start. Don’t just jump at

everything or the first sales pitch you get, dig deep and see if you are passionate about the

business. If you are not passionate you will give up if you do not see instant income and

success. Those that pursue their passions make it work and stick to it in good & bad times.
7.) You need to count the cost, starting a business does not mean instant income. You have to

be prepared to survive for about 2 years while you are building. If you have a job do not

quit unless you can survive without that income.

It is so simple today to launch a business and the rewards are far beyond anything a job can provide, are you ready? Are you willing to commit?