| People toy with the idea of starting a small business at | | | | possess the following qualities and capabilities that are |
| various stages of their lives. Some think of starting a | | | | necessary to operate a successful small business. |
| small business after their educational career is over. | | | | 1. You must be of sound health. |
| Some think of starting a small business because of | | | | 2. You should be able to work on your own most of |
| unpleasant or unhappy situations they have | | | | the time. |
| encountered in their work places. There are also | | | | 3. You should be self motivated and dedicated. |
| others who think of starting a small business, because | | | | 4. You should possess an outgoing personality and |
| that is the only way they will be able to work again | | | | have the ability to get along with other people. |
| following a break from work for reasons such as | | | | 5. You should have the ability to work under pressure. |
| health or redundency. | | | | 6. You should preferably have some knowledge about |
| Toying with the idea is one thing, but if you are taking | | | | your business. |
| positive steps to get started, then certain myths | | | | 7. Failure is no option to you. |
| associated with starting and running a small business | | | | In addition to the above the following factors have a |
| should be dispelled from your mind. | | | | very important and significant impact in the success of |
| 1. Starting a small business might appear to be an easy | | | | your small business. |
| option to many who are desperate to get out of a | | | | A good support system such as your spouse or |
| situation but running a business is not as easy as it | | | | members of your family. |
| appears to be. | | | | Contacts in the business world who could help you |
| 2. The general impression created in the minds of | | | | with advice and help you promote your small business. |
| many people is that you can make a lot of money by | | | | Good financial assets to help you start and develop |
| running a small business. A few people do make a lot | | | | your small business and sustain you during the early |
| of money by running a small business. On the other | | | | months. |
| hand there are many people who loose a lot of | | | | Conclusion: |
| money unfortunately due to lack of proper research | | | | Since they are popularly known as small businesses, |
| and planning. | | | | many would be entrepreneurs are under the |
| 3. Another myth is that you are the Boss, so you can | | | | impression that it could be run in a slip shod manner. |
| work when you want, relax when you want and go on | | | | Most of the inputs necessary to operate a large |
| holidays when you want. You are the Boss that is all | | | | business successfuly are also necessary in the small |
| to it. The rest simply does not happen because of | | | | business venture too. |
| other factors that come into play which will need your | | | | Success does not come overnight. There could be |
| presence and attention most of the time. | | | | disappointments and failures during the early |
| One major blunder made by many small business | | | | months.Those who cannot withstand these pressures |
| entrepreneurs is that they never made any self | | | | should not contemplate starting a small business.The |
| assessment before starting. It is absolutely important | | | | ability to withstand all these pressures and remain |
| that you do a self assesment to find out whether you | | | | motivated is absolutely necessary to succeed. |