I wanted to be an editor or a journalist, I wasn't really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going. (Richard Branson: A British Entrepreneur who founded the famous Virgin brand)This kind of entrepreneurism seems to be common among us. In fact, many of us have this, and only manifested in different ways. However, this is more common among those who are inclined to own and manage their own small business. This idea is almost everybody's dream. Who wouldn't want to be his or her own boss? Owning and managing your small business frees you from the shackles of working for someone else. You are your own boss. It also gives you that entrepreneurship freedom you have always dreamed of.
Although for some, the money or investment required to pursue their dream business seems to prevent them from taking that (calculated) leap of fate. If you have not saved for this, then a business loan is a good option. If you have good credit standing with banks and feasible business plan in your hand, most bank are willing to extend loans to budding entrepreneurs. There is no other way to start a business but by daring to invest money on it, except that is, if you simply have to use your talent or expertise (like having a consultancy business). But even that, in the long haul would need capital for expansion or bigger projects.
So, now you have the money to start that small business. But it doesn’t end there. While you seem to have solved the important aspect of your entrepreneurial venture, it should not stop there. You need to put forth into action what you have written in your business plan. Get your business off the ground. Master it. Learn from mistakes along the way. And most of all, you need to be resilient. No amount of money or investment and brilliant business plan can guarantee entrepreneurial success. But in all these, a dash of resiliency is imperative and indispensable.
A friend of mine once said that the entrepreneur is a person who, in order to avoid working eight hours a day, works sixteen hours a day. And these entrepreneurs fight with great strength and determination against all odds. (Chin-Ning Chu: #1 American author in Asia and Australia; Chairperson for the Strategic Learning Institute and president of Asian Marketing Consultants)
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About the Author
Nor Franco is the Managing Director and Virtual CEO of nextManager.net. He's a former corporate executive whose passion is bringing out the full potential of HR in Businesses. This time that passion is pursued through Virtual Management. He writes and blogs about his management views and insights here. Follow him on Twitter.
