Posted: March 4th, 2009
Starting a business?
Many have taken the poor economic climate and job losses as a motivator to start that business they always planned in the back of their mind, perhaps while day dreaming at their desk or doodling on a beer mat.
Arguably smaller more versatile companies are better positioned to apply short term strategies to ride the downturn, whereas larger companies can become hard to manage effectively and can creak under the strain. Others lose their way such as Woolworths, creating other sizable knock-on casualties. To make things more positive than the doom and gloom of the moment, being your own boss is liberating and can allow you the creative freedom to bring your ideas to the market. Flexible hours are mentioned in books, though in reality it may often be that when the work needs doing – you do it, but if it’s for your own development it often seems easier.
In a sole trader, partnership or small company, the business and management skills of the owner will be the key asset of the enterprise. The jump is from being a skilled person providing a product or service, to combining that with being a salesman, strategist, bookkeeper and project manager. The buzz and pride from all elements coming together makes up for any amount of hard work that you may need to invest. You may find you have many hidden qualities, which previous employment left undiscovered, but fear not as there is help at hand.
Business Link should definitely be on your list of people to contact and can provide much support and knowledge. The service is free of charge and they can help with all areas of startups, with a wealth of resources on their website. If your thinking of starting up then why not take a look at this page with checklists, common problems and mistakes and information of your business plan:
A final thought is that while business is complex, certain idioms appear time and time again, such as “don’t put all your eggs in one basket” and in moments of wild enthusiam, just make sure you take a step back and think opportunities through. If you are starting out with your own venture then we wish you the best of luck and it goes without saying, are here for all your websites requirements.
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