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“Start your business,” “start your project,” – there are many people who thought about becoming entrepreneurs at least once. Personal business is a way of self-realization, and sometimes a desire to change the world constructively.
Often the person who decides to start a business forgets about the simplest way of protecting important information – at least, free antivirus protection. They think that only he or she will be responsible for the result from the very beginning and to the end. But not everyone is ready to decide, start, and take risks.
What About Money?
Money, or the income you will receive as a business person, is the first point to consider. When you are a salaried employee, you can easily find out how much money your colleagues receive in similar positions. In the case of business, it is a little more complicated. We may only know the profits of companies for a month or a year. Still, often we do not know the history of expenses related to the companies’ activity and the approximate income of owners. That is, the comparison in the market is entirely conditional. Therefore, focus primarily on a comfortable income for you and the average income for similar businesses on the market.
If you are scared by the prospect of losing your usual lifestyle, calculate the monthly budget optimal for you. Compare personal money expectations with profit forecasts in the first months or the first year. If the difference is drastic, it is worth reviewing the business model of the project.
What About Skills?
We often focus on what we don’t have, instead of what we want and can do in the project. So, you might think that you have to learn many things before starting your business. But here you need to shift attention to the project. What is the essence of this project? For whom will it be launched? Why do you personally want to do it? Consider these simple questions, and you get clear answers to each of them to understand your focus.
Speaking about the study – try to look practical at it: develop and learn new skills, but remember that the resource is limited, you cannot learn everything. Perhaps, there is an experienced specialist for the things you need to implement. You can consult with him on how to formulate the essence of work, how much it can cost, and what you as a customer need to know.
Being hired and having a business are two different experiences. It is not a pyramid of hierarchy where, at first, you work for someone else and then for yourself. But having gained expertise in creating your product, it is reasonable to conclude that you want to work with large-scale projects, for example, in the international market, and return to a corporation that can afford it.
What About the Result?
We often want everything and immediately. But for the process to produce results, it is necessary to break it apart and to deal with them in stages day by day. Otherwise, we lose motivation. Small actions sometimes seem unworthy for our ambitions; we do not see their connection to a big idea and, consequently, devalue.
Therefore, it is necessary to formulate each “I want” in detail and set a deadline for it after analyzing your resources: money, energy, connections, experience, time. Finally, articulate what you can do right now for the largest “I want.” Then, the stage “I will do” will be quite simple: there will not be a gap between daily action and global goal.
And you can check future projects, having made its prototype and in practice having seen whether your idea works and whether it is necessary for people. The prototype helps to go in the right direction, to see additional opportunities, and to receive feedback.