Becoming your own Boss!

Possibly one of the most exciting and biggest advantages to becoming self-employed is being your own boss. You never have to listen to, be ordered around or boost your bosses' ego ever again. Now it is your turn to stand in the spotlight! You are now the one in control, in charge - the ultimate decision maker. But just remember becoming your own boss also brings its own huge responsibilities and challenges!

Self-employment has its benefits and risks. 

"You're not an entrepreneur if you don't take risks."

Working From Home

Being self-employed i can work from the comfort of my own home and i can set up my working space how and where i like it. But more importantly i will not have to fork out hard earned cash on travel expenses, travel time or rent for premises.

Reap the Rewards Personally

Working for a big company means that although you can be the best employee, the hardest worker, the most experienced they have, you rarely are rewarded with a cash bonus or incentive. One of the key components to being self-employed is that all the profits belong to you! 

Earn Money For Yourself

Unfortunately the fact is that we spend most of our lives at work, trying everything to earn extra cash, get a pay rise, improve ourselves personally, socially and professionally. Many of us strive to be the best to stand out from the crowd but what for? They say that 'hard work pays of' but does it really. Well yes if you're self-employed. Working hard and focusing your life on your career can pay of and more importantly will solely benefit you not the hundreds and thousands of others also working towards the same goal!

Create Your Own Success

The opportunity to succeed is now in your hands. Becoming self-employed involves a huge risk - you are now solely responsible for creating your own destiny and more importantly success. You will have no-one to blame and no-one to make excuses to or for. So work hard, plan and weigh up decisions before making them because ultimately they will affect you and your potential to succeed. 

Own Working Hours 

Becoming self-employed i decide when and how to work. I choose my own holidays and day off. This is an amazing advantage as i get much time to bond with my kids, enjoy my family while working on my own desired time.

Things you need in starting a business from a scratch.

1. You need guts to start a business

                “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week, but today. The true entrepreneur is a doer, not a dreamer.” – Nolan Bushnell

Launching a business out of the planning board require guts; quitting your job to start your own business require guts, believing in your business idea even when everyone says you are nuts requires guts and facing business challenges also require guts. That’s why I listed guts as number one. Guts, chutzpa, boldness, brevity, courage; they all mean the same thing. Without entrepreneurial guts, just forget about starting a business.

                “You are nuts and you should be proud of it. Stick with what you believe in.” – Trip Hawkins

2. You need business skills to start a business

The next thing you need to make your business idea a reality is skills. What are you bringing to the table? This is the question you must answer when seeking joint ventures and business partnerships. Your possessed entrepreneurial skills are very important to the realization of your ideas because your skills can be a strength or competitive advantage for your business. Skills are a necessity when searching for a business team.

                “The ability to sell is the number one skill in business. If you cannot sell, don’t bother thinking about becoming a business owner.” – Rich Dad

Have you heard the phrase that “entrepreneurs are generalists.” I think there is an atom of truth in that statement. Entrepreneurs are generalist, they need to know a little of everything that pertains to business. That’s where your business skills come in. As an entrepreneur, you need to know a little of accounting, investing, sales, marketing, operations and business management in general.

Before ever starting a business; be sure to hone your sales skills, marketing skills, communication skills, negotiation skills, accounting skills, leadership skills, people skills and every other entrepreneurial skills that’s required to succeed in business.

                “Skills make you rich, not theories.” – Rich Dad

3. You need the right mindset to start a business

You probably must have heard this over and over again but I think it’s worth repeating. You can’t build a business if you lack the right mindset. Entrepreneurship is not really about starting or building a business.

Starting a business is like building a ship and embarking on a voyage, armed with a plan, a map and a team. You will have to sail against storms, unpredictable weather and uncertainty. If your ship sinks, it’s either you quit or you swim back to shore, build a new ship and sail again.  

Entrepreneurship is simply a change in perception or core value. It’s the process of developing your mindset from being job dependent to being financially independent. It’s a shift from being handicapped in the face of challenges to being a problem solver. In all, entrepreneurship is simply a change of mindset.

4. You need capital to start a business

I believe you know that no business idea is worth a pinch of salt without capital. I don’t want to stress much on this because I believe you know the significance of capital to any business. But in retrospect, I always advice my protégés not to be deterred by lack of capital. I encourage them to get creative when it comes to financing their small business startups; where there is a will, there will surely be a way.

                “There are three components to starting a business. One is the right plan; two is the right team and three is the money. Rarely do these three components come together when starting a business. It’s the duty of an entrepreneur to grab one piece and start the business, the remaining two pieces will be found along the way. Finding the remaining two components may take a year or more than 10 years; the point is, start with what you have.” – Robert Kiyosaki

5. You need the right business management team

                “Individuals don’t win in business, teams do.” – Sam Walton

Finally, you need the right business management team in place to build a business around your idea. For your business idea to leave the planning phase, it’s going to require the right business team. If you can assemble the right team to deliver on your plans, I bet you will find the venture capital because a strong business team is an essential ingredient to the process of raising capital from Venture capitalists.

Now how do you find the right team? I don’t know. How do you know you’ve found the right business team? Once again, I don’t know but what I do know is that the right team is a team that complements your weakness and adds value to your business. A good way to know you have the right team in place is that your business will take off like wild fire and gain grounds seamlessly with little or no effort on your part.

As a final note, these are the five things I believe are fundamental to either starting a business from scratch or building a successful business. So don’t get too excited because you feel you’ve got a creative idea up your sleeves; instead, start strategizing on ways to assemble the five elements listed above for your business. Remember, the world is filled with brilliant million dollar ideas waiting to be funded but the world lacks seasoned entrepreneurs. Take this lesson to heart and I will see you at the top.

Buy and Sell For a Living

I want to share with you on how you can start your own buy-and-sell enterprise. Mostly everyone is qualified in operating this enterprise. All you need is a product to sell. You can start by selling your pre-owned items such as used appliances, cars, old books, magazines and a lot more. Buying and selling knows no boundaries-anyone with a need or desire to earn extra money, work from home or to start and own a business can buy and sell, regardless of age, experience, education and financial resources. This is perhaps what makes buying and selling the ultimate self-employment option for the vast majority of people; it's cheap, easy, quick and proven to work and generate huge profits. Imagine the flexibility that buying and selling offers. You can buy and sell part time to pay off debts. You can buy and sell full time to replace your current income and in all likelihood earn more. You can buy and sell seasonally, enabling you to pursue other interests like travel.

Nowadays, it is easy to reach your customers with the help of the internet. It is easy to sell your products and make profit for a living. The mantra of every buy-and-sell enterprise is simple, and easily memorized: Buy low, sell high. 

Buying and selling for profit is nothing new. It has been around for thousands of years. There are two primary reasons why buying and selling has recently exploded from being the closely guarded secret of a few, to the popular occupation of hundreds of thousands of people worldwide, who are now buying and selling as their sole source of income. The first reason is the advent, wide acceptance and use of the internet, and the second reason is what I refer to as the new economy.

The Internet Makes It Easy to Buy and Sell

The internet has not only made it easier to sell products into the global marketplace utilizing online sales venues such as eBay, olx, sulit, e-classifieds, and e-storefronts, but to also source a nearly limitless number of in-demand products, which can be bought cheaply from domestic and overseas suppliers and resold for a handsome profit. Once this task was out of the reach of most small business people because of the amount of time and money required to research and often travel to foreign and domestic product suppliers to inspect, negotiate, and ink an agreement. Much of that has changed. Now with the simple click of a mouse you can buy products cheaply from thousands of suppliers spanning the globe, and resell these same products worldwide through numerous online marketplaces, or locally through community retailing opportunities like your weekend flea market-all for incredible profits.

The New Economy Is Buying and Selling

The new global marketplace has also created a second reason why buying and selling is not only the wave of the future. It is no secret that manufacturing, technology and middle-management jobs continue to disappear daily. In fact, some studies suggest the job drain in these areas is occurring at an alarming rate, faster than most people, including politicians and policy makers, are aware of or care to admit.  Many people who have been or who will soon be affected by the new global economy have chosen self-employment as a way to keep in tune with changing times, make money, and secure their long-term future. History has taught us evolve or end up like the dinosaurs-extinct!