Thinking of Starting a Small Business? Read This

Starting a small BusinessAre you thinking of jumping off the corporate ship and climbing up the small business ladder? Just like marriage, running a small business means you’ll be living with it 24 hours a day, 365 days a year. You’re going to have work hard and hang in there during the ups, downs and surprises. On the bright side, if you have a flare for great ideas and a positive attitude, running a small business could be one of the best choices of your life.

Here are some things you should consider when thinking of starting a small business:

 

  1. Will you run your business by yourself or are you partnering up with a friend, neighbor or co-worker? Running your own business by yourself can seem like a great idea but it’s nice to have the help sometimes.

 

  1. Are you willing to work hard and make small sacrifices? You will need to live life on a budget while getting your business off the ground. Are you okay with that? Is your family okay with that?

 

  1. Do you have the necessary capital to start a small business? Have you made a budget? It’s a good idea to sit down with your accountant and make sure your finances are in order before tackling becoming an entrepreneur.

 

  1. Will you be running your office from home, renting a new location or sharing office space with other small business owners?

 

  1. Do you have the self-confidence and self-discipline to run a small business. As we mentioned above, a successful business is similar to a successful marriage. You need to be in it for long haul for success. Initial failures and setbacks will happen – it’s inevitable – but you have to keep pushing on.

 

Overall, starting a small business owner will be one of the best (and most fulfilling) choices you will ever make. There are a number of things to take into consideration including partnerships, sacrifices, capital, location and personality.

If you have questions relating to shared office space, contact us here. We have a variety of centrally located offices with various amenities that are sure to suit your needs.

Photo Credit: Dave Dugdale