Imagine that you decided to start a day care business.
As far as successful business ideas go, this is a good one and is certainly in high demand.
If you're the only person on duty and you get sick, what happens to your business? It comes grinding to a halt and so does your cash flow.
While many people commonly believe that the above example still represents a business, in many ways it's not a business of all.
It's simply a job that you own.
Taking an idea like this and turning into a real business that feeds you even when you're in the Bahamas, should be the real goal for anyone creating a new business.
In case that last statement made you squirm a bit, let's think about the true benefit of the real business.
None of us will live forever.
If you create a self-employment situation merely for yourself, it stops when you stop.
On the other hand when you create a true business, you create opportunities for other people.
You create jobs.
You're able to help more people than you ever could on your own.
You create an asset which can provide for your family and loved ones after you're gone.
You can channel some of the profits and be a philanthropist.
If you were thinking that building a business that pays you while you're in the Bahamas is somehow greedy, consider this alternative point of view.
Working only for yourself is greedy.
Creating a business is truly generous.
The first thing you need to do, after you've come up with your business idea, is to begin to assemble a team that will either work at your business with you or at least provide you with consultation and advice to help you get your business going as quickly and successfully as possible.
If your business does start out with you filling all of the roles, that's OK.
Just keep in mind what things you're doing in your business and imagine how you would teach someone else to do it.
You're creating your basic business processes as you work through them.
Your ultimate goal should be the ability to have your business run even when you're not there.
oIs there a certain way you'd like your bills to be paid? oWould you like to send a card to every new client? oDo you want your business to give a certain percentage of earnings to a church or charity at the end of every month? Get these things down and turn them into a process.
As you bring on team members and grow your business they should have no problem knowing what to do and how to do it.
Combined with your vision you'll see a business that's practically a reflection of your personal values and personality.
Starting and owning a business is a dream for so many people.
You can do it.
Just make sure that you're creating a business that allows you to do what you love rather than roping yourself into a job that can become drudgery.
As far as successful business ideas go, this is a good one and is certainly in high demand.
If you're the only person on duty and you get sick, what happens to your business? It comes grinding to a halt and so does your cash flow.
While many people commonly believe that the above example still represents a business, in many ways it's not a business of all.
It's simply a job that you own.
Taking an idea like this and turning into a real business that feeds you even when you're in the Bahamas, should be the real goal for anyone creating a new business.
In case that last statement made you squirm a bit, let's think about the true benefit of the real business.
None of us will live forever.
If you create a self-employment situation merely for yourself, it stops when you stop.
On the other hand when you create a true business, you create opportunities for other people.
You create jobs.
You're able to help more people than you ever could on your own.
You create an asset which can provide for your family and loved ones after you're gone.
You can channel some of the profits and be a philanthropist.
If you were thinking that building a business that pays you while you're in the Bahamas is somehow greedy, consider this alternative point of view.
Working only for yourself is greedy.
Creating a business is truly generous.
The first thing you need to do, after you've come up with your business idea, is to begin to assemble a team that will either work at your business with you or at least provide you with consultation and advice to help you get your business going as quickly and successfully as possible.
If your business does start out with you filling all of the roles, that's OK.
Just keep in mind what things you're doing in your business and imagine how you would teach someone else to do it.
You're creating your basic business processes as you work through them.
Your ultimate goal should be the ability to have your business run even when you're not there.
oIs there a certain way you'd like your bills to be paid? oWould you like to send a card to every new client? oDo you want your business to give a certain percentage of earnings to a church or charity at the end of every month? Get these things down and turn them into a process.
As you bring on team members and grow your business they should have no problem knowing what to do and how to do it.
Combined with your vision you'll see a business that's practically a reflection of your personal values and personality.
Starting and owning a business is a dream for so many people.
You can do it.
Just make sure that you're creating a business that allows you to do what you love rather than roping yourself into a job that can become drudgery.
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