There are no two ways about it, working for yourself is challenging in every aspect but equally rewarding. You need to be on the ball with your book keeping,discipline and time management. Depending on what you wish to sell, you need to be continually, sourcing distributors who will give you quality products and prices that will allow you to have good margins.Don’t settle for twenty and thirty per cent margins because you will not make money.You will need to put in more hours working for yourself than for an employer. I personally will not swap it for anything else.
good luck
I have done this & with my degree in Marketing & a degree in Mangement I anticipated understanding the demographics & geographics but since I decided to work from home it opened the door to not having to cater to one type of clientel, my business affords me time & cash leverage while generating between 10-15k/wk, Check out this press release:
There is no way to answer this question without knowing the type of business. All I can say with over 35 years experience as a very very successful entrepreneur is JUST DO IT and tackle your problems as they come.I was able to retire at a very early age and now spent my time with my wife and five children. My free time is devoted to helping people achieve the same success I was so fortunate to achieve. I am always available to answer any questions and help in anyway I can.
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3 Responses to If you were to start your own business as an entrepreneur?
There are no two ways about it, working for yourself is challenging in every aspect but equally rewarding. You need to be on the ball with your book keeping,discipline and time management. Depending on what you wish to sell, you need to be continually, sourcing distributors who will give you quality products and prices that will allow you to have good margins.Don’t settle for twenty and thirty per cent margins because you will not make money.You will need to put in more hours working for yourself than for an employer. I personally will not swap it for anything else.
good luck
I have done this & with my degree in Marketing & a degree in Mangement I anticipated understanding the demographics & geographics but since I decided to work from home it opened the door to not having to cater to one type of clientel, my business affords me time & cash leverage while generating between 10-15k/wk, Check out this press release:
There is no way to answer this question without knowing the type of business. All I can say with over 35 years experience as a very very successful entrepreneur is JUST DO IT and tackle your problems as they come.I was able to retire at a very early age and now spent my time with my wife and five children. My free time is devoted to helping people achieve the same success I was so fortunate to achieve. I am always available to answer any questions and help in anyway I can.