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The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities.
Michael Gerber

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Starting A Business Course

We will teach you the complete process of starting your own business

Here are some things you will learn in short

Characteristics of a Successful Entrepreneur

Guts
Guts mean you must have an entrepreneurial instinct, which is an Overwhelming Desire to have your own business. You must have the guts and dedication to be completely devoted to your goal. Incidentally, devotion to your goal is much more likely if you have a love for your intended business. Becoming an entrepreneur is exiting, refreshing, unexpected, Life is too short to not follow what your dreams or destiny wants. Start a business that gives you satisfaction and joy, through good times and bad times is the most amazing feeling in the universe. You will stick with something you love so the best thing to do is find what you are really good at and JUST DO IT.

Brains
While appropriate educational credentials are important, entrepreneurial "brains" has never really played a major role in there success. To become a successful entrepreneur, you should have a working knowledge not educational knowledge, like a business degree. This has been proven over and over again by thousands if not millions of entrepreneur before you. Common sense, combined with appropriate experience, is the necessary brainpower. Some of the most important is of course Prudence, follow through and attention to detail are very important.

Capital
Every Business needs money of your own plus sufficient cash to maintain a positive cash flow for at least a year. This is true in many cases but I have come to know that there is no real structure for this. Yes a good business plan will help, but if you read biographies of successful entrepreneurs some did not have enough capital at all. As an entrepreneur you must learn how to forecast future cash requirements through cash flow control. Many businesses can be started on a very small scale with a small investment. Then, as the business grows and you gain experience, cash flow from your business can be used for growth. In some cases, you don't need starting capital to hire other people because you might start by doing everything yourself. The "do it yourself" start is a good way to learn everything about your business and also makes you better qualified to delegate work to others later on. This is really a great way to go about it. You are forced to do things the right way. You can control your risk by placing a limit on how much you invest in your business.

Try the Need More Step-by-Step Approach

Decide if you really want to be in business

Be your owns boss, make your own rules; make more money than you can spend. Sounds great doesn’t it? In reality it is not all fun and games. It is hard work (but it’s for yourself), its long hours (but it’s for your own future).You are putting some (not all, hopefully) of your net worth at risk. You may run the risk of becoming eccentric, meaning creating a life that is out of balance for the moment because you where working for some one else before, with working hours taking away from other family or pleasurable activities. There may be levels of stress you have not experienced as an employee.

Decide what business and where

Once you are satisfied you have the characteristics of a successful entrepreneur and that you definitely want to be in business, then you must decide which business is best for you and where to locate that business. Also see Business help 100 Business opportunities for those considering operating there own business. Look here at our 92 opportunity courses

Decide whether to operate full-time or Part Time

There are some interesting advantages and some pitfalls in operating as a part time business. (That is, a business you start in you’re off hours while still working at your current job.) Part time businesses can be a great advantage in some cases, More often than not; the advantages of starting as a part time business outweigh the risks. Here are some examples.

You can see if the venture you decided on is the right direction for you.
You avoid losing your earnings like retirement, health and fringe benefits and maybe vacations.
You can still build up even more experience with your current job
Your full-time job won't suffer if you maintain certain conflict of interest disciplines, including compartmentalizing your job and business into completely separate worlds.
You will earn a double salary at the end of the month
You can avoid conflict of interest with your job by choosing a business that is appropriate as a part time business, such as single products, real estate, specialized food, e-commerce, direct marketing or family-run operations. The list is really huge.
Take a look at our family business section. There are great advantages for operating a family business. If you are some one who is going to operate a part time business than the family can run the business while you are at work. If you teach them well then you will have a built-in organizational structure. You can teach your kids the benefits of being in business.

But there are also some pitfalls to consider in starting a part time business

As all exiting and new ventures you will want to spend more time with your new venture. This can become a problem for your employer. You may need a family member or some trusted person to cover emergencies when you are at your job.
Your capital may be invested in your new business and this may be your center of attention at this moment.
Another problem may be competing with your employer, this I feel is not right. Think of how you would feel if you were the boss, and what would your reaction be. Plus you are now creating a business relationship problem.
Any kind of conflict with your regular work can jeopardize your job and your part time business.
Then there is also the overwork and mental and physical exhaustion can also become a very real problem for entrepreneurs.

Need More Strategy

O Do you know what is the biggest pitfall of most entrepreneurs? It is starting and operating the wrong business. Here is a Need More help list to help you to evaluate if you are in a potentially successful direction.

If you have not yet selected a business, ask one of our Need More consultants to assist you free of charge to help you find the business that is just right for you. You will not be penalized if you ask for help. The selection process takes a lot of planning and your experience and complete knowledge is vital for your success.
Do you want to tackle or pursue businesses that may be too challenging? At Need More we train you to become successful. It is better to identify a one-foot hurdle than try to jump a seven-footer. SO let us assist you in your new venture
Need more will help you to identify a business that has long-term economic potential.
A big mistake is not to see the right opportunity. This means you may fail to see an opportunity that is right in front of you.
Keep in mind that as a general rule specialists do better than non-specialists. Wouldn't you be more inclined to take your sick cat to a veterinarian whose practice is limited to cats rather than to a general practitioner?
Operate a business that will grow in today's and tomorrow's markets. Many small retail stores are no longer in business because huge stores provide more choices to the customer and often at a cheaper price.

Businesses to avoid are "Easy money" businesses where you must fill in envelopes or mail stuff and make a million. If this was so easy why is every body not driving exotic cars and living on islands. Why are the selling those opportunities so cheap?
Most service businesses have pricing power. Pricing power means that you will not need to have the lowest price in order to secure business. Your customers will be willing to pay a fair price for a better product or service.
Should you bet on a business you don't know when you can bet on a business you do know?
If you are manufacturing a product, consider the pros and cons of contracting out production to a low-cost supplier. This is a company that subcontracts manufacturing and packaging.

Avoid the following

Wrong advice from uninformed friends, family, people
Waiting to long to make a decision
Not following your heart
The lure of high rewards. They will come if you have selected the right business and if you understand every aspect of the business before you open its doors.

Top Do's and Don'ts

TOP DO'S

Live frugally and begin saving up money for operating your business.
Learn your business by working for someone else in the same business first.
Consider the benefits of starting a part time business.
Consider the advantages of operating a family business.
Objectively measure your skills and training against potential competition.
Consider subcontracting to low cost suppliers if you're manufacturing a product.
Test market your product or service before starting or expanding.
Make "for" and "against" list describing the business you are in or considering.
Talk to lots of people for advice.
Make a comparative analysis of all opportunities you are considering.

TOP DON'TS

Quit your job before you have completed start-up plans.
Consider operating a business in a field you do not enjoy.
Risk all the family assets. Limit your liabilities to a predetermined amount.
Compete with your employer in a part time business.
Be in a hurry to start with no training or experience. There is no penalty for getting help.
Operate a business in which you must have the lowest price to succeed.
Neglect to learn the negative aspects of an intended business.
Permit entrepreneurial self-confidence to outweigh careful diligence.
Allow the promise of a conceptual high reward deter reality testing first.