Small Business Basics 101

Here is a quick and simple checklist for you to consider when planning to start or get involved in a business opportunity:


* Start From Where You Are!
- Take a personal inventory of your skills, talents, likes and dislikes that can affect your choices of business opportunities. For example, do you like being out and meeting new people or, do you prefer to be in a stable location and not have to talk directly with prospective customers.
- make a list of "transferable skills" that you have developed from other jobs or training. List the ones that you may need for the "Biz Op" you are considering.

* Only Accept The Biz Op That Meets Your Requirements!
- So often we have been conditioned to accept the "job position" that accepted us. Surveys have been done that show an incredible 80 % of college educated working people ARE NOT working in the field that was their Major or 1st Career Choice! Instead, many people accepted the first job that accepted them!
- With a new Business, it is even more important that you choose wisely! In your business, it is all about YOU! You will be getting married to it. You will live, eat and breath it everyday. The business you choose is YOUR RESPOSIBILITY, not someone else's. So, be very picky and set up your list of "Pros & Cons" for each Biz Op you investigate.

* Set your Benchmarks for yourself and your Biz Op.
- If the business idea is good for you but, the average income of business people in that Biz Op is lower than your Income Benchmark, look carefully at what is needed to achieve your income goal or, look elsewhere!
- We all have some level of conditioning to expect reward for the things that we do. From the time we were little girls & boys and our parents gave us praise or other forms of compensation for a job well done, we have developed a sense of value or self worth.
- It is extremely important to establish YOUR Self Worth in your Business! This point has many applications that can be explored over time. It comes in handy where you have to make Time Management decisions. For example, is it worth your time value for you to be doing a certain function of your business or, is it better to pay someone else to that function while you work on those things that are vital for you to do in your business!? Simply put, if you value your time at say, $50 an hour. How much time should you spend doing chores in your business that are worth $10 an hour that could be paid to an assistant and free you to maximize your $50 an hour work. That will maximize your Income to time spend!

More "Biz Op" Ideas and comments to come. Feel free to make your comments, ask questions or help provide helpful answers to our Biz Op Entrepreneurs!

Blessings,


Gigi & BJ