Banking on Your Guts to Start a Small Business

Business, Small Businesses / Monday, January 14th, 2013


Small and middle income earning individuals often find it difficult to leave an eight-to-five job with a fixed income to pursue a business dream. The two common reasons for this is the uncertainty of success and the capitalization requirements that goes with starting a business. But when a sound business idea comes along to a person with a talent in business, he would only need some guts to set his plans in motion and live his dream.

Some individuals find themselves watching their business dreams materialize in the hands of other people simply because they weren’t able to act on it quickly. The worst part is finding out that the person who beat them in fulfilling their dream have the same reservations, like the risk of losing a fixed source of income and not having enough savings to put up a capital. The only difference is that the businessman who launched the business had more entrepreneurial guts than they did.

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Of course, it takes more than just guts to start a business. One should have the skills to run a business and the resourcefulness to operate it efficiently despite of one’s financial limitations. People who are dreaming of having their own business someday should exert effort to hone their skills in all the business aspects as early as possible. This would include selling skills, management and leadership skills, social and communication skills, negotiation skills, and accounting skills. A business would be difficult to run and grow on your own, it is also important to have the right people working with you. Forming an efficient management team will enable you to grow the business faster.

People who are armed with only their dreams, skills, and passion for the business need to learn how to bank on their entrepreneurial guts and set their dreams in motion before anybody else starts with it. Otherwise they may find themselves simply dreaming about it and never fulfilling any of their dreams.


3 Replies to “Banking on Your Guts to Start a Small Business”

  1. Yeah, I agree. It wouldn’t matter if you had the passion or the skills for it if you don’t take the next step necessary for progress. Its all about taking action and taking risks.

  2. I’ve always wanted to start my own business but never had the savings or guts to do it. I also didn’t know home-based Internet businesses needed the same licenses as a store.

  3. Thank you so much for sharing this article! I would love to start my own business and am constantly battling my own self-doubt, one of these days I’m just going to go for it!

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