How to Be Your Own Boss - The Ultimate Guide To Starting Your Own Business

How to Be Your Own Boss - The Ultimate Guide To Starting Your Own BusinessHow to Be Your Own Boss The Ultimate Guide To Starting Your Own BusinessPosted July 29, 2019, by JennyIf youre the sort of person who likes to think outside the box, is a natural leader and self-starter and hates the idea of working below someone else, then youre just the type to be your own boss. Youve probably been honing your entrepreneurial skills since you were trading and selling cards in the school playground. But now its time to turn professional. Therell be no making coffee behind the scenes for you you have the power to determine your own professional direction. The key is to turn your passion and your geschftlicher umgang nous in a profitable (and hopefully worthy) direction. The good news is that in todays day and age, success is mora accessible than ever. Anyone sitting at home in their pyjamas can turn a profit as long as theyve got a computer in front of them.Whats it mean to be your own boss?B eing your own boss is all about taking an idea and turning it into a reality. You have to be able to think independently, calculate and take risks and redefine business boundaries. Going it alone can be hard, but it can also be very rewarding financially, mentally, socially and emotionally.Were not talking about being any old boss here. Anyone with leadership skills and a business degree can become the manager in their workplace. Were talking about being your own boss having the gung ho and determination to find and forge your own path. This doesnt mean lazing around in thongs and stubbies all day watching re-runs of Seinfield while you collect government benefits. Being your own boss and being successful at it essentially means being a go-getter. Starting your own business is no easy feat. It wont do you much good to sit back and wait for things to happen youve got to have initiative up to your eyeballs.How much can you earn as an entrepreneur?This one is pretty self-explanato ry anything goes How much you earn as an entrepreneur is dependent on whether the public takes to your product or tafelgeschirr and is willing to splash out to pay for it. The conservative answer is that it depends largely on the type of business youve created, the size of the market youre entering, your profit margins, your overheads, and your businesss popularity. The answer you wanted to hear is that the skys the limit If youre well prepared, flexible and know your stuff, theres no reason why you cant turn a decent profit.What qualifications do you need?Do you need to be qualified to be an entrepreneur? Yes and no - a bright idea doesnt necessarily need a degree behind it, however, the running of a business requires a wide range of skills, and its these skills that youll build with a course in business management or entrepreneurship.Having a solid understanding of general business procedures, particularly finance and marketing, is invaluable to budding entrepreneurs.What you nee d to start your own businessBelieve it or not, theres mora to starting and running a successful business than buying really shiny shoes and shouting into your mobile phone. No, really. Here are just some of the other things that youll need to do.Write your business planKnow your productDo your researchWork out your financesMarket your product/serviceHire the right peopleEnaya youre following all the right laws/rules/proceduresKnow your product and do your researchTake some time to think about what your product or service is. Take it out and look at it (if applicable). Turn it over, put it on your head, throw it up in the air (if applicable). Whatever you can do to help you get a clear, objective idea of the thing, do it. Write your thoughts down and flesh them out. Make sure youre able to answer all the basic questions like who is it for? Where will it be sold? When will it start to make a profit? Then start surfing the web and scouring newspapers, magazines, shops and the streets f or similar products. Youll need to acknowledge the competition if youre to make your idea a commercial success.So, youve got your heart set on a product and think you can leave the competition for dead. What next? Market research This is when you get the consumers opinion and a sense of demand for the product/service.This can be as simple as talking to family, friends, shop assistants and even complete strangers about your idea. Listen to what they say and take note of anything they may perceive as a problem. Remember that you dont have to take other peoples word as gospel, but you should definitely think about what they have to say.Get some attentionAs a small business owner, it pays to make sure that your product is noticed. Dont be a shrinking violet the art of skilful self-promotion is what will make your business a success. And the way to do that is through effective corporate branding. Effective branding starts from the ground up everything that you and your business do can impact on how consumers perceive your business.Tips for brandingChoose a name that clearly describes your businessKeep your vision and target audience in mind every step of the wayCreate an attention-grabbing logo and easy on the eyesGet your name out there as much as possible Pens, notepads, emails, invoices - spread the brandHave a good websiteMake social media your best friendHire the right peopleAny owner of a successful business will tell you that having the right people working for you works wonders. Sounds easy, doesnt it? In fact, finding people who mesh with your company, work hard and have a positive attitude can sometimes involve some serious trial and error. Hiring the right people is something that can make your business. Hiring the wrong people can break it If youre in a position where you can start taking on employees, there are two things you should be looking for in your applicants. Make sure that they are actually qualified to do the job youre hiring them for its no good hiring your best mate, the bus driver, to do your accounts. The second is a question of attitude and compatibility. The best teams are those of like-minded people who get along and respecteach other and will pitch in to help out when the going gets tough. As the boss, you can choose your team, so think about what types of people you prefer to work with.Start being the bossNow comes the time to get started. The support of your family and friends is crucial at this time - no time or energy for Negative Nellies here. Start searching the net for all you can find around setting up your own business, getting financial advice and knowing your legal obligations. Think about your business idea and start writing your business plan, designing the product/service of your dreams and how you can market it. If all this sounds too hard then just stop right there and get over those obstacles in your head. Many business owners will tell you that conditions will never be 100% for going it alon e and starting your new venture, but its a labour of love and one thatll hopefully pay off.You need to live and breathe your business plan. Then when youve thought it through, turned it inside out and upside down, just go for it, take that leap of faith and actually be your own boss.Best of luckBachelor of Applied EntrepreneurshipStudy modeOnlinePayment optionsHECS-HELPUpfront paymentCourse guide+ FREE eBrochureEnquire Online Enquire OnlineEntrepreneurship ResourcesSenior business analyst sample resumeSenior business analyst sample cover letterCareer Insider StoriesKristina Karlsson - Founder & Creative Director, kikki.KTahnee Claeys - Head of Operations at Mad PawsInterested in becoming a?Managing DirectorProject ManagerChief Executive Officer (CEO)Executive DirectorCorporate General ManagerPopular Career Searcheshow to ace your next interviewmy new career courseshow do i start a career in nursinghow to ask your employer to pay for your mbaguide to ace your next interviewEntreprene urship CoursesGrowth Marketing CourseEnquire Online Enquire OnlineService Design CourseEnquire Online Enquire OnlineService Design Accelerated Course (1 Week)Enquire Online Enquire OnlineGrowth Marketing Transform Course (Full-Time)Enquire Online Enquire OnlineJennyRelated ArticlesBrowse moreCAREER INSPIRATIONCareer progressionThe Most Common Personality Traits In Successful PeopleSuccess and its people come in many different shapes and sizes, but what are the common traits that they all share. 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