There
are just so many men and women who want to be valued for the effort
they put into their job and they want to share in the financial rewards
for their efforts. The reality, as we all know, is that in a job, you
are paid “the going rate” irrespective of the value you create for your
boss’ organisation. In today’s uncertain economic climate, the value of
the worker is further diminished with many people regarded as providing
“commodity” services.
So
therefore, it is not surprising to see men and women, irrespective of
their backgrounds or education seeking personal fulfilment and ready to
take control of their financial lives. Many want to be productive, to
contribute their services to the community and to be adequately
rewarded. They seek to be productive by working in their own business
and retain the financial rewards for themselves.
If you are among this category of men wishing to dominate their world, here are eight tips to get you started:
· Take a Stand for Yourself.
If you are dissatisfied with your current circumstances, admit that no
one can correct them except for you. It doesn't do any good to blame the
economy, your boss, your spouse or your family. Change can only occur
when you make a conscious decision to make it happen.
· Identify the Right Business for You.
Give yourself permission to explore. Be willing to look at different
facets of yourself (your personality, social styles, age) and listen to
your intuition. How do you know what business is "right" for you? There
are three common approaches to entrepreneurship:
Do What You Know: Have you been laid off or want a change? Look at work you have done for others in the past and think about how you could package those skills and offer them as your own services or products.
Do What Others Do: Learn about other businesses that interest you. Once you have identified a business you like, emulate it.
Solve a Common Problem: Is there a gap in the market? Is there a service or product you would like to bring to market? (Note: This is the highest-risk of the three approaches.) If you choose to do this, make sure that you become a student and gain knowledge first before you spend any money.
Do What You Know: Have you been laid off or want a change? Look at work you have done for others in the past and think about how you could package those skills and offer them as your own services or products.
Do What Others Do: Learn about other businesses that interest you. Once you have identified a business you like, emulate it.
Solve a Common Problem: Is there a gap in the market? Is there a service or product you would like to bring to market? (Note: This is the highest-risk of the three approaches.) If you choose to do this, make sure that you become a student and gain knowledge first before you spend any money.
· Business Planning Improves Your Chances for Success.
A business plan will help you gain clarity, focus and confidence. As
you write down your goals, strategies and action steps, your business
becomes real. Ask yourself the following questions: - What am I
building? - Who are my potential customers? - What is the promise I am
making to my customers/clients and to myself? - What are my objectives,
marketing strategies and action plans (steps) to achieve my goals
· Know Your Target Audience Before You Spend a Penny.
Before you spend money, find out if people will actually buy your
products or services. This may be the most important thing you do. You
can do this by validating your market. In other words, who, exactly,
will buy your products or services other than your family or friends?
What is the size of your target market? Who are your customers? Is your
product or service relevant to their everyday needs? Why do they need
it? However, the most important way to get this information is to ask
your target market/customers directly and then listen.
· Understand Your Personal Finances and Choose the Right Kind of Money You Need for Your Business.
As an entrepreneur, your personal life and business life are
interconnected. You are likely to be your first--and possibly
only--investor. Therefore, having a detailed understanding of your
personal finances, and the ability to track them, is an essential first
step before seeking outside funding for your business.
· Build a Support Network.
You've made the internal commitment to your business. Now you need to
cultivate a network of supporters, advisors, partners, allies and
vendors. If you believe in your business, others will, too. Network
locally, nationally & via social networks. Join your local chamber
of commerce, or other relevant business groups.
· Sell By Creating Value.
Even though we purchase products and services every day, people don't
want to be "sold." Focus on serving others. The more people you serve,
the more money you will make. When considering your customers or
clients, ask yourself: - What can I give them? - How can I make them
successful in their own pursuits? - This approach can help lead you to
new ways to hone your product or service and deliver more value, which
your customers will appreciate.
· Get the Word Out.
Be willing to say who you are and what you do with conviction and
without apology. Embrace and use the most effective online tools
(Twitter, Facebook, YouTube, LinkedIn) available to broadcast your news.
Use social networks as "pointer" sites; i.e., to point to anything you
think will be of interest to your fans and followers. Even though social
networks are essential today (you must use them!), don't underestimate
the power of other methods to get the word out: e.g., word-of-mouth
marketing, website and internet marketing tools, public relations, blog
posts, columns and articles, speeches, e-mail, newsletters, and the
old-fashioned but still essential telephone. If you take these steps,
you will be well on your way to becoming your own boss. It's important
to remember that you are not alone. If you want to "be your own boss"
but you still feel stuck, reach out and connect with other entrepreneurs
in a variety of ways. You may be surprised by the invaluable contacts
that are right at your fingertips.
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