"Advice For Want To Be Entrepreneurs"

I was recently asked a series of questions from a friend that is looking at starting a business as part of their requirements for a program they are utilizing for potential funding.  I then thought this information which is my own personal opinions and what I have learned may be helpful to others and I would love to have people give additional feedback and comments as it is a great question and avenue to share your own experiences and thoughts.  Please enjoy this unedited version of those answers and I look forward to hearing your input.

1 What made you go into business for yourself?

I went into business for myself to have the ability to be my own boss and determine my hours and control my financial destiny.  Take my experience and try to do things better.  If I am not happy with my situation and think some things should be done differently the best way to accomplish that is by creating the environment to make that possible-Entrepreneurship!

2 What was hard about it?

There is a time lag that can come with cash flow and developing  a business.  I also found focus and what priorities I made versus what priorities I should make determined my success (being effective vs. just being busy).  As I  am only accountable to myself, I think having a mentor or coach to help keep me focused and accountable led to my greatest successes.

3 What was surprising about it?

having a strong and compelling vision and dream is easy but keeping focused and committed is hard as the amount of work and how hard it is to reach the goals was harder than expected and took longer than I expected.  Mistakes and failure will come…how we deal with it when it happens ultimately shapes our success long term.

4 What do you really enjoy about having your own business?

Flexibility and making a difference. Sense of accomplishment when success comes.

5 What skills are needed to successfully operate a business?

Financial, time, and stress management.  Organizational skills.  Communication,sales and marketing skills.  Relationship building and networking. Many others but those are the first that come to mind.

6 What advice would give to a person wanting to start their own business?

Spend a lot of time planning out the details before launching the business.  It gives the guide and roadmap but also the measurement and accountability needed to succeed. Ensure all tools and resources are in place to ensure you put your best foot forward early. First impressions count!