It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb - but human nature will cause people to naturally ridicule what you are doing. They will tell you all types of things like: "You're not business material." "You can't make a living working for yourself." "You'll fail because nobody can ever make any money that way."
Entrepreneurship is not just about having a lot of ideas or business sense. It is also about having a lot of guts.
You have to build self-confidence in yourself. You have to only be concerned with pleasing yourself and your Creator (God) - not mankind. Then, when (and if) you should fail with this particular venture, you'll just dust yourself off and start again. It doesn't matter if people "think" you're nuts! They aren't paying your rent and running your life. Don't be concerned with what people "think" you should be. Just please yourself and do what you feel is right. People are too busy competing with society and "keeping up with the Jones's" that they do things they are not comfortable with just to appease them and look "normal" (whatever that is.)
And if you have to - start out small in building your self-confidence. I used to be so self-conscious that I would never eat at a restaurant alone because I thought people would believe I was lonely and had no friends. Unbelievable, but true. But, everyday I worked on walking into a restaurant, taking a magazine to read and eating alone. I would glance around, and to my amazement, no one ever looked at me. No one cared that I was eating alone. Then it dawned on me; "Who cares what these people think? I'll never see them again." Besides, there were a lot of other people eating alone also and I could absorb myself in the magazine I had took to read. Now, I can eat in restaurants and not give any thought to the people around me.
But back to business - when most people do fail in business they try to "save face" by telling everyone they are "just in a slump" and everything will be back to normal soon. Besides, they don't want people to say: "I told you so" and destroy any pride they are still hanging onto. Unfortunately, this only delays the problem and creates even more false hope for the people in your life as well as yourself.
The best thing to do for anybody in this catastrophe is to swallow their pride and admit they screwed up. Just face it head on! Admit that you were so proud of your accomplishments that your mind became diluted with "visions of sugar plums and fantasyland."
If your small business is beyond repair, go out and find a job and begin working on your next small business in the near future. Keep your family fed and your financial obligations met but look forward to the day when you WILL succeed with your new business venture.
And why should you try again? Simply because you won't make the same mistakes you made this time. If you built something successful before (but failed), you are certain to build the next business stronger and wiser. Even if you fail the second time, it won't be because of mistakes you made the first time. You'll learn more and more - and eventually be successful. It's inevitable!
This Handbook on the basic regulations and related services administered by the Department of Labor (DOL) is designed primarily for small businesses in general industry. It begins with a general overview of DOL requirements.
The cottage industry, an old-fashioned enterprise, is enjoying a revival so strong that it's difficult to find out just how many Americans are now working at home. Estimates range from two to five million and the numbers may double by 1990.
In these days, it's becoming increasingly difficult to make ends meet with just one source of income. Thus, more and more people are investigating the possibilities of starting their own extra-income business.
Success in business comes as a result of planning. You have to have a detailed, written plan that shows you what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal.
Here again, it is helpful to form your corporation in Delaware. In this state the law allows you to assign any "par-value" to your stock as you like - even though there are no assets to back up your valuation.
Some small business persons cannot understand why a lending institution refused to lend them money. Others have no trouble getting funds, but they are surprised to find strings attached to their loans.
Once you have formed your own non-profit organization, you merely place in your corporate charter the provision that medical care be paid by the organization of which you are a member.
Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.
Your Guide to Setting Up Your Own Business at Home
Twenty million home-based businesses will be in operation by 1999, according to Link Resource's 1995 National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses