SMB

Published on October 29th, 2013 | by EditorOne

0

Things to Consider Before Starting a Business

When you are slogging it out, working for someone else, from nine to five, and aren’t happy, you might start to imagine starting your own business. The thought of doing so could drive you to really consider whether that is an option for you, and maybe it is. Here are some things to think about when considering if starting your own business is going to be the right choice for you.

Why Are You Doing it?

The first question you need to ask yourself is, why are you doing it? What is the pull that is driving you to want to start your own business? Do you see an area that there is a market that could be tapped, or is there something important that you can bring to the industry that you are planning to go into? It is important to be starting out with the right reasons as the wind beneath your wings. If you start off simply because you are out of work and decide to strike out on your own, it might not be the best place to start, but then again, maybe it is a good place to start, only you know what is right for you. Just make sure you are doing it for the right reasons!

Business Partner or Going it Alone

Another thing to consider is whether to go into business with a partner, or go it alone. There are advantages and disadvantages in doing both. If you choose to do it with a business partner you will want to be sure that you have picked the right person to embark on this mammoth journey with. If you are not suited to each other in your working style, or personality then it could become a nightmare. Having said that, if you have the right person, it could mean that it makes it a lot easier than if you were going it alone!

Workspace/Start Up Costs

An important thing to consider is where your business is going to be situated. Will it be a home based business, or an online business, or will you need to lease an office space and pay for utilities etc? If you decide to have an office space then you might want to go for a serviced office space that comes with a secretary and other staff if needed. There are some great ones available including Corporate House that can be found at www.corporatehouse.com.au. Starting off with a serviced office space might be a good option especially if you are not sure about where you are going with the future and is a good option for the short term.

Professional Advice

Before you start your business, or embark upon the epic task of getting it off the ground it would be a valuable investment to seek some advice from people who know what they are doing. Whether this involves doing a business or marketing course, or simply speaking to a business consultant, it will help you to have a better idea about where you are headed in the future, and assist you in forming your vision of what will come.


About the Author


Back to Top ↑