So You Think You Can Run a Business

It’s not easy running a business, especially not in these economic times. However, sometimes you just have to do what you believe you’re destined to do. Not everyone wants a lifetime behind a desk, living on a paycheck. Sometimes, people just get an idea for a business, and there’s nothing wrong with following your dreams.

That said, remember that this still isn’t an easy path to traverse. You’re on your own here; there’s no boss to catch your fall. If you screw up, your entire business folds up with you. In any case, there are some things you need to know, if you’re going to jump into the business of running a business. It won’t be easy, but difficulties only make victory sweeter.

A few quick things to remember:

  1. Take a knowledge inventory before you get started. Often times, we want to start a business because it seems glamorous or exciting. The problem, however, is that you actually do need knowledge in order to run any business. An auto-repair shop, for example, requires extensive knowledge in car parts, repair, etc. You need to take stock of what you know first, before you decide on whether or not you can actually handle the business.
  2. Learn, learn, learn. If your prospective business is something you can actually study, don’t go into things and try and learn things half-heartedly. It’s either you’re in or you’re not. If you plan on opening a tanning salon, for example, learn everything about the process – from the best tanning beds, to the tanning process, to the safety procedures – everything. You need to be fully informed before you can actually be a proper business owner.
  3. Hire the right people. Sometimes, a good manager realizes that delegation is a must. You need help, and you need to find the best possible employees to get the job done. Hire people who are knowledgeable, who have ample experience, and who will be able to work with you amiably and cooperatively.
  4. Don’t be a big shot. The thing about a lot of people seeking to become entrepreneurs is that they have a misguided notion of what businessmen are like. In reality, running a business is a day-to-day operation that requires actual, hands-on management. You can’t just start a business and expect things to work. You have to get down and dirty. You’re one of the crew, not just a boss who screams and orders people around. Remember to thank the people who have helped you, sending a written note or business greeting card is ideal.
  5. Be frugal. Will people invest in you? Maybe, maybe not. The only sure thing is that you’ll have to invest in you. Don’t spend on unnecessary things, or upgrades. Keep things simple; keep things running. You don’t need flashiness.
  6. Be a risk-taker, but don’t be haphazard. Decisions cannot be made in a blink of an eye. You need to be intelligent; as the old song goes: know when to hold ’em and know when to fold ‘em. Not every opportunity is for you, so learn to let some pass you by.

Gwen Addison understands the risks and rewards of starting your own business. She highly recommends creating and sending thank you cards to your clients with easy-to-use Greeting Cards Software.

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Search Engine Veteran - Enterprise SEO & Small Business Entrepreneurs. Advisor to startups for pre-launch optimization SEO Audits & consulting.