How to start a business: The essentials

There's never been a better time to start a small business

So you’re thinking of launching your own internet business start-up? Or is it a business magazine? Maybe you haven’t fully formed your business idea yet but are certain you want to start your own business. Maybe you’re seeking an escape from the mundanity of nine-to-five employment; maybe you can’t stand working for anyone else for a minute longer; or perhaps you’ve just been made redundant or simply have an idea that’s too good to go to waste.

Whichever it is, that first entrepreneurial seed has been sown, and before long you will be starting your own business.

But how do you grow that seed into a thriving, new business? Firstly, do you really want to? Are you cut out for it? Even if you are, is it too greater risk to give up a secure income? And just where should you start? You’ve probably got at least one of these questions, along with many others, swimming around your head right now – and that’s perfectly understandable.

Starting up your own business will change your life. It’ll change the way you think, the way you work, the way you spend money and the way you socialise. It’ll be one of the most demanding challenges you’ll ever be likely to take on. You’ll work every hour possible to get your business off the ground then even longer to keep it afloat during the early days. You probably won’t have another holiday for a couple of years and virtually your entire life will become focused on making your business start up succeed.

If you’re in a relationship, it will undoubtedly feel the strain and if you’ve got a family prepare to be repeatedly torn between them and ‘the business’.

Starting a business isn’t the easy option

This is the harsh truth of starting your own business. If you thought you’d be reducing your hours not increasing them, that it wouldn’t disrupt your family life and that, frankly, it all seems a bit too much trouble, then stop reading now; turn off your computer and think of a different way to improve your everyday happiness.

If what I’ve just said hasn’t curbed your desire, keep reading – you’re showing all the attributes an entrepreneur needs when starting up in business (if you’re now itching to get started, take a look at our complete how to start a business guide.

Sure, you’ll still have plenty of anxieties and unanswered questions, but like every successful entrepreneur starting a small business, the thought of a challenge excites and enthuses you.

If you’re going to succeed, you won’t mind concentrating all your energy into the new business because it’ll be ‘your baby’ and you and your family will be the ones reaping the rewards – not a fat cat on ten times your salary. You’ll also have the enthusiasm and ideas to find solutions to the obstacles in your path.

And remember, you’re not the first to have these anxieties or to face these obstacles as you’re starting your own business. Every successful entrepreneur has overcome many barriers and continues to do so every week with his new internet business startup, her freshly launched business magazine or whatever new business it is you are bringing to market.


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