Smartest Entrepreneurs Take Little Risk!!

Maybe we’re stretching our title just a little. Many Entrepreneurs take major risks in starting a new business. However, there are others who find a way to touch into government funds i.e. SBA and actually end up with a minor financial risk to themselves. They may also touch your funds if you let them.

This is NOT all bad! Our government is an encourager to the individual who desires to start a new business. Many of our finest firms began in someone’s garage or basement. It could have been in a corner of the bedroom. Doesn’t matter!

Our country needs the RISK taker. The Entrepreneur. Most business successes are 90% perspiration and 10% inspiration. If you are willing to put your shoulder to the wheel and work hard….you have a good possibility of success.

Seek out other successful businesspersons to learn how they have managed to build their business. What were the challenges? Difficulties? Financial resources? Government programs? Ask for helpful suggestions. Recommendations. Guidance.

An old saying is very true…..YOU can IF you think you can! Believe in yourself, even when others are negative. The world is full of Nay sayers…so don’t associate with those who are in the crowd of throwing cold water on your dreams. Go for it!

Today, if I were to start a new business, I would go to work for someone already doing the same kind of business. Even in another city if necessary. I would avoid having a problem with non-compete contracts in my own city. Offer to work for FREE! It’s the best investment you can make in your own business.

In my working career, I did exactly as I am suggesting to you. It happened just slightly under different circumstances, but basically the same results. A national firm hired me to begin and build temporary help services on the East Coast. I did. Became a Regional Manager. Times got tough for the company and they decided to eliminate my salary.

It seemed like a bad decision. No job. No salary. What a lousy thing to do after four years of my time invested for this firm. You can see what’s coming already! THEY (the company) had PAID me a nice salary with benefits to TEACH me the business. Now they had FORCED me out….into my own business!

In my case, the company had PAID me to develop my clientele. You have to work really hard to find a better deal. I recommend it to you. We were back in business in six (6) weeks. I already knew the business was right for me. That’s my point in suggesting that you work IN the same kind of business.

You will learn two things very quickly. You’ll either love the business or hate it! A great way to spend YOUR vacation time. Keep your day job! You’ll get a college education about the business and know if you want to pursue it further. You may just learn enough to KNOW this business IS NOT FOR YOU!

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BUSINESS TIP: Avoid the NaySayers! Believe in YOURself. Learn the business for FREE! Work for someone else IN the same kind of business. LOVE IT and DO IT for yourself or leave it alone.