I always
love to throw some insight into something I have come to realize. Who knows that person out there that is really in need of such information to better off himself. I also need it, so that's why I must write about it for future referencing, it goes beyond a one
time thing. Writing to me is like creating a shelve of wisdom through experiences or exposure. If you've been observing my recent
articles then you will observe that I am much bent to
business,
economics and entrepreneurship.
The intriguing part is that I was and still am a
science student, something that always leaves the question of, 'if I were to start
education afresh, what would I have opted to study'. My love for numbers and
transactions as grown and I am liking business
ALL the way. I find delight in being involved in solving people's daily challenges in return for the pending rewards. I guess on the surface, that is who
entrepreneurs are. Growing it to a
professional level is what I am really eyeing and I hope this surfaces.
Speaking of such, business may seem a very rough ground for newbies. It is something I once discussed with a
friend that many wannabe entrepreneurs may not be able to meet up because of our
economy. Creating a business
NOW is no child's
play. I even had to ask myself if I would have chosen to start business as a newbie in this current regime. I could remember how it was not easy by then to set up our first business environment although things were no way near this way.
source The economy has become so harsh that entrepreneurs have to become smarter to scale. This article is mostly centered on how to develop grassroot entrepreneurs who still have many
years to hang on before anything juicy will come out. I am not excluded, there is still much ground to cover; exposure, people and
capital and so on. So how do we stay in business until then? Not many of us are exposed to that big
angel investors or easy
loans.
Adding to that, you have to seize yourself to understand if you are really worthy of a loan. What do I mean here? Many of us are yet to create our business system to properly recycle
money and bring out the needed
profit. That's why you will be doing yourself more harm to pursue any big loan in the absence of such structure. Till then, what I will advise is to find other sources that keep pushing your business while you learn.
A good entrepreneur should have 'the multiple income' mentality or you are likely to go
bankrupt. Early business is test running and this is where many miss it. Assuming you will get into business today and make profit tomorrow is a big joke. Unless you don't understand what professional business means. I am not talking about that road side business one creates today and dumps tomorrow. Many of us don't have any long
term vision for business, it is just for stomach
support.
source Many have grinded for decades before hitting the big billboards. Do your proper follow up and you will get these facts. What I have come to understand is that while in the shadows, you are to support your business. What happens when your business doesn't hit minimum daily targets? There is only one way here,
bankruptcy. How you stay ahead is to source money from other means (other things you are doing). To be sincere, without these, I don't think I would have been in business till date. We are not yet at the big standard so there are still some financial
lapses.
Some
weeks perform well while other weeks are not too good and at the end of the
month you have to seal this lapses while also looking for possible ways to finally outgrow this deficits. Doing business as earlier said is not an easy task, breaking ranks into where things happen will take your time and consistency. To maintain consistency you have to make sure that business is still functioning by using your other means of
income to fuel it.
To conclude, let me add, it will take some guts to stand out as an entrepreneur. Sometimes you may have to overwork yourself especially at early
stages. I always look for necessary means to reduce
costs. That's why I am mostly involved in our day-to-day business running. This act already is an 'other means' as I get to reinvest that extra bucks I would have given out into the business. I can't afford to back down even in the presence of a harsh economy. I have the belief that if I can get the right
audience, all the years of stress will be a thing of the past. To all upcoming entrepreneurs out there, do you needed best to keep your vision going. Best of wishes.
