Act with Business | Advice to Entrepreneur

Act Now!

Jean Buridan, the 16th century French Philosopher once told the story of how a bundle of hay and a bucket of water were each put equal distance before a donkey that is hungry and thirsty but just because the animal could not decide which to choose first between the water and hay, it eventually died of thirst and hunger! Just like the donkey, ones indecision or decision not to decide to create and profitably execute a business idea today can completely jeopardize the potential in a great business idea or create a difficulty in the way of great enterprise. This article serves to remind you that your purpose of reading this book can only be realized if you act now. Since you have decided to create and profitably execute a business idea, I will list a few steps you need to take before you start your business.

Personal evaluation:

Do an honest personal evaluation of yourself and your circumstances, if you dont have personal qualities to start and run a business, you can go for training and mentorship or allow trusted and experienced business managers to set-up and handle the day-to-day management of the business without undue interference.

Ask yourself the reason why you want to start a business? Is it money, freedom, creativity, or some other reason? What skills or professional certification do you have? What industries do you know about? Would you want to provide a service or a product? What do you like to do? On what projects and initiatives does your conscience inspire you? How much capital do you have to risk? Will it be a full-time or a part-time venture? Your answers to these types of questions will help you narrow your focus.