There is so much to overcome when you first venture out with a business. No matter what level of business you start, we all experience some type of barrier like not having enough money, wondering if your idea is good enough, not sure about business experience (not enough or haven’t changed with the times), or if this business is best suited for you.
Growing up in America, you are told to go to school, get your education, so that you can get a good paying job. There was a time when that was all you needed to do, but times are changing and there is little to no guarantee that your education will get you the job of your dreams. CNBC reported this year that A survey released from the National Association of Colleges and Employers (NACE) reported that businesses plan to hire only 2.1 percent more college graduates from the class of 2013 than they did from the class of 2012. This is way down from an earlier NACE projection of a 13 percent hiring rate for 2013 grads. I wonder if colleges were to add a degree on Business Ownership would this help us as a people to stay current with the times? It seems to me we need to do more than hold onto this way of thinking that getting a job is the only solution to our financial issues.
So why not consider owning your own business? Well it is known that over 80% of all businesses fail within the first five years, the odds are against you before you even begin. The internet makes it a lot easier to take a good idea, determination, and a good business mind to change this business failure fate. More and more individuals are leaving the traditional desk job and venturing out to work for themselves and there have been a lot of successful Internet companies getting respect from corporate America. So if you're that type of person who wishes to be their own boss, punch the “I’m In” button and make it happen!
When you allowed yourself to dream about owning a business, what compelled you to write it down and try to make it happen? Was it the desire to create jobs for others, build a legacy for your family, set your own schedule, work from anywhere, or make some extra money to go into your vacation fund? Maybe you've been prompted to bring to life an idea that know one could live without. Madam C.J. Walker was one of those individuals who tapped into her main motivator. She not only built a multi-million dollar empire but her business ownership prompting is still changing lives in America and all over the world. The first of her family to be born into freedom, was an American entrepreneur and philanthropist, regarded as the first female self made millionaire in America making her fortune by developing and marketing a successful line of beauty and hair products for black women. Her motivation was that she experienced hair loss and needed to do something about it. She then noticed that she wasn't the only black woman experiencing damaged hair and hair loss so she began to manufacture products, developed a tool called a straightening comb, created a distribution network (network marketing) which created jobs for women whose only job option at the time were to be washerwomen and nannies.
Get Inspired!
Here is an extreme yet funny take on encouraging you to go out and try out your dreams and ambitions! The world is waiting on you!!
If You Can Think It Up, Can You Think It Down?
Most people around you will talk you in or out of your dreams. We are all designed to create but it is up to us if we complete the creation or not. Execution can be tough especially if you have a lot of naysayers knocking at your door. First thing about being a business owner that you must embrace is not relying on what everyone thinks about what you are doing. You won’t make any money that way. Yes, there should be mentors and those from your village (people who are like-minded) who are there to bounce ideas off of and keep you on target but ultimately you are the one pressing the “GO” button on your dreams and ambitions. If you truly believe in your idea, take the first step, and move quickly on an idea. Everything in life can be risky but how will you know if you don’t try it out!This week we are going to break down “Understanding the Y.O.U. in Business Ownership” so it can forever be consistently broke (famous line from movie, Love Jones):
Y - Why did “Y”OU become a business owner?
O - Own It! Become known as an expert in your field
U - Don’t Be Afraid to Be Unique! How to build a successful business brandOnward and Upward!
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