When starting a business, the most important thing to keep in mind is that the purpose of a business is above all, to create value for your customers. When value is created in the marketplace, and a company is well managed, this will produce the profit it needs to continue.
Furthermore before starting business it is mostly important to have a healthy self-esteem. Nobody will believe in you if you do not believe in yourself. However, it is also important to learn to control some behaviors that interfere with the good judgment of the business owner.
Analysis is the first step to starting business
If money is your main reason for business, it will be difficult to succeed toward excellence. The purpose of a business is to create value for your customers; money will follow.
We often settle for a good organization, when, if we approached things differently, we could have a great company. The purpose of a business is to create value for customers. When value is created in the marketplace, and a company is well managed, this will produce the profit it needs to continue.
It is our mission to prevail despite setbacks and trials. It is our reason to excel. It is a driving force to learn, grow and improve. There will always be times when things are tough, even painful. However, the reality is that you must keep going and believe in what you are doing. That is where passion comes in. Passion drives faith, which is at the core of our ability to believe. Trust and have faith. –faith in our products and services. We must have a healthy self-esteem before beginning a business.
f you do not believe in yourself, others will not believe in you and people must believe in you before they will purchase a product or service from you.
Diagnosis before starting business
People can become almost manic in their behavior in terms of anger, rage, easily distracted, decreased need for sleep, excessive thoughts, perfectionist qualities, and excessively devoted to work to the exclusion of leisure activities or relationships.
These behaviors interfere with the judgment of a business owner and ability to make decisions. These behaviors, if left unchecked for a long time, can develop into significant impairment to operate a business.
Starting business with a Business Plan
Not everyone has a business plan when starting business but it’s good to have something you write down to get done. A business plan to a businessperson (consultant) is like a blueprint to a builder. The business plan’s function forces you to think through every aspect of your business. Whether to “have or not to have” is up to you.
You will face many decisions when you first begin a consulting practice. Decisions such as:
- How to approach potential customers?
- Do you need an employee; a partner?
- How much revenue do you need for profit?
- What will you call your business?
- Where will you start—at home, renting space?