3 things to consider before starting your own business

Always think about your own business but still stay on a comfort zone?

Many peoples does but how many peoples continue to pursue their passion? Not many.

I am one of them. After one year consideration, I need to take a decision to start my own business.

It’s not easy since I am on comfort zone.

I am share some thinking:

1. You must take a risk to somethings new, something that will create a stressful. You will have a very low income in first 1-2 years, maybe 10-50% of your office income, or negative income. Live with it.

2. Just do it, forget about other people say and think. You can focus on big or small business, don’t only see a big income in your first years.

E.g. I share some story.

1. Coca Cola.

They only sell 25 bottles of coke in their first year. And now, they are one of big company.

2. Owner of KFC, competitor of Mc D.

He is an ordinary peoples until reach his near pension time. He was living with his pension money. Then he open a small street food business. He was very success in Kentucy until Governor call him Colonel. But, something happen in his place. His place is one of spot to develop state road.

In his 65 years, he was remember of his family chicken recipe. He modify until more than 25 secret recipe. He try to sold a licensed to hundred company but rejected. Then, one company okay with his proposal and now, his business called KFC.

3. Facebook owner.

He leave his university to pursue his passion to develop Facebook company.

Many stories can tell to you in another time.

You can read an example article as follow.

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Are you willing to take the risk?

Starting your own business can be extremely rewarding, but it can also be extremely challenging. Here are some of my best tips for those looking to become an entrepreneur:

Don’t over think things
If you have a great business idea that you’re passionate about—go for it! Often time’s people are hesitant to pursue an idea because they are afraid it wont be successful. But the only surefire way to find out is by trying. Have the confidence to take the risk and worry about the details later.

Don’t worry about what other people think
One of the hardest things about being an entrepreneur is convincing your friends and family members that starting a business from scratch is a good idea. Even though they may have your best interest in mind, you can’t let the opinions of others stand in the way of your dream.

Be honest about your aspirations
Just because you’ve decided to start your own company, it doesn’t not mean you have to be part of the “Unicorn Club.” Some people only go after big opportunities, and that’s respectable and admirable. However, there are plenty of relatively small businesses that still generate a ton of cash. Be honest with yourself about what you want (and expect) to accomplish.

Source:

http://www.ceo.com/flink/?lnk=http%3A%2F%2Ffortune.com%2Fleadership%2Fsunil-rajaraman-starting-your-own-business%2F&id=325924

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