Tired of Working for the Man? Why Not Start Your Own Business

Almost everyone has a dream job, or some idea you believe would be a major success if only you had more time or more money. The time to stop dreaming is now. If you possess any of the following traits, you’re the optimal person to enterprise a new product or service.

• You’re always thinking
• You’re passionate about your ideas
• You’re a self-motivator

A motivated, free-thinking, passionate individual… Sounds like a business owner…

So, how do you get started? Step 1: Read this guide. Step 2: Build your business.

Of course, it won’t be a cake walk, but it’s not as hard as you think either. 543,000 new businesses open every month in the United States. Next month, will one of them be yours?

Choosing a Location for Your New Business

In the United States, there are more than 25 million businesses, and 50 percent of them are home based.  As they say in the real estate business, location is everything. If you’re low on start-up cash, you may not be able to afford to physical building. Don’t let location woes hold you back; instead, start your business at home or online.

Protecting Your Business

Remember, once you lay claim to your business, it’s become a part of public record. If your business is located in your home, be very careful who you share your most personal information with. For example, if you’re dealing in a lot of cash transactions, someone may try to rob you. You’ll need a security box, a good hiding spot, and an alarm system to warn you of intruders.

It’s likely you’ll be storing important information online, and that information needs to be secure so you don’t risk your new business to hackers, data thieves, malware attempts, or viruses. Look into using some sort of network protection, and include safeguards for your cloud and other data storage areas.

Funds for Your New Business

The Internet has made it easier than ever to build a business – and cheaper than ever. You could host a store entirely online or run an ad agency from the comfort of your home. If you absolutely must raise cash, to get out of your house or to stock inventory, you can use crowd funding to attract investors.

In an Entrepreneur article titled, 3 Rules for Successful Crowdfunding, it’s recommended that you present an “intriguing, clear story.” Write your proposal, make it compelling, and include color-rich photos and videos.

Building a Legal Structure for Your Business

You’ll need to determine if you’re a sole proprietorship, a partnership, a corporation, a nonprofit, a cooperative, or a Limited Liability Company (LLC). The U.S. Small Business Administration provides a detailed breakdown of all the business structures to help ensure you make the right choice.

Stand Tall Against Adversity

Your biggest critic is probably going to be yourself. Don’t be so hard on yourself, and don’t let anyone else be hard on you either. Adversity will come in many forms (difficult people, financial difficulties, etc.)

If you keep the spirit of someone with the confidence to surmount all adversity, and you truly believe in your goals, you’ll overcome it – no matter the adversity, you will face it down and you will succeed. So, if your current adversity is simply getting started, stand up, take credit for your dreams and ideas, and start your business.