Starting a New Business - What Does it Take?

In recent times, there is a proliferation of new businessApart from these reasons, the desire for change also
opportunities being advertised in the electronic and printdevelops when you see a lucrative opportunity in the
media. And there is a great deal of interest! It seemsmarket place. There may be no other business
that many people want to be their own boss. But whatproviding a particular service or product. Or there may
does it really take to start a new business? Isbe a great demand for a service or product and few
everyone cut out for it? These are good questions toproviders. Also, you may believe that you can provide
ponder since the advertising of many sucha better service or better product than your
opportunities claim that anyone can start their owncompetitors.
business if they are teachable and willing to follow theHow long does it take for this desire to translate into
system.action? Some people take 5 years, others 5 months, 5
One thing is certain. A prerequisite to starting a newweeks or 5 minutes. It all depends upon you and the
business is a desire for change. A desire for selftype of person you are. If you are currently employed,
determination. A desire to stop working for someoneit may take you 5 years to become dissatisfied with
else.your situation so that you want to change it. If your
How does this desire for change develop? This desirecircumstances in life change (e.g. retrenchment, juggling
develops when you become dissatisfied with whatchild care, employer cutting back hours, earning less
you are doing. Are you currently employed? Doesmoney than before), it may take only a few months
your job stress you? Do you dislike the people youfor you to develop the desire to become more self
work with? Do you find that you are now workingdetermined. So it really depends upon the type of
longer hours for the same pay, or even less pay? Doperson you are and the situation you find yourself in. In
you lack flexibility in the work place to care for childrenessence, are you dealing with a potential threat to your
or aging parents? Do you wish you had more time tosense of satisfaction in the work place or do you
do the things you love?want to capture an opportunity that presents itself in
Are you unemployed even though you would love tothe market place.
work? Do employers and recruitment agencies passOnce desire for starting your own business develops,
you by because you "have too much experience"? Orhow do you know what type of business you want to
are you finding employment difficult because you havebe in? The answer to that question will be addressed
a disability?in a following article.