Starting Small Enterprises
Are you one of those thinking hard of going into business for reasons of your own?
1 You are a young person who wants a job but rejection after rejection of your job application has given you no hope of landing a job in the near future,
2 An employee, who is tired of the 8 a.m. to 5 p.m. work routine, and looking forward to the day when you would be able to work according to your own time, be your own boss, and enjoy all the money earned from your own efforts,
3 A young housewife, who needs to help your husband earn in order to add to the family earnings for the sake of your children’s future,
4 A not-so-young wife, who wants a means to escape from boredom and to find an outlet for your skills and creativity,
5 A retiree, who is still full of ideas and energy and wise from years of experience, yet still looking for a second career, or
6 A returning overseas contract worker, who is determined to find some ways of making the most out of the dollars you have earned abroad.
If you are, then you are on the right track. A small business for a start might just be what you are thinking of!
Before you rush in, however, pause for a while and ask yourself, “Do I know where I’m going to?” In the first place, you must have all the information you need so that whatever decision you will make later will be made on the basis of the right information.
Such so-called “informed decision-making” will help you a lot especially in starting a small business, an area where you have not tried before. Going into business can be likened to taking a risk because you are venturing into something whose outcome still remains uncertain.
In this chapter, therefore, you will learn the basics of the unknown territory you wish to go into. What is a small business? Why should you go into it? Do you have what it takes to start a small business? What are the rewards versus the risks? What help can you expect if you decide to set up one?
These are just some of the more important questions you need to ask before you start a small business.
1 You are a young person who wants a job but rejection after rejection of your job application has given you no hope of landing a job in the near future,
2 An employee, who is tired of the 8 a.m. to 5 p.m. work routine, and looking forward to the day when you would be able to work according to your own time, be your own boss, and enjoy all the money earned from your own efforts,
3 A young housewife, who needs to help your husband earn in order to add to the family earnings for the sake of your children’s future,
4 A not-so-young wife, who wants a means to escape from boredom and to find an outlet for your skills and creativity,
5 A retiree, who is still full of ideas and energy and wise from years of experience, yet still looking for a second career, or
6 A returning overseas contract worker, who is determined to find some ways of making the most out of the dollars you have earned abroad.
If you are, then you are on the right track. A small business for a start might just be what you are thinking of!
Before you rush in, however, pause for a while and ask yourself, “Do I know where I’m going to?” In the first place, you must have all the information you need so that whatever decision you will make later will be made on the basis of the right information.
Such so-called “informed decision-making” will help you a lot especially in starting a small business, an area where you have not tried before. Going into business can be likened to taking a risk because you are venturing into something whose outcome still remains uncertain.
In this chapter, therefore, you will learn the basics of the unknown territory you wish to go into. What is a small business? Why should you go into it? Do you have what it takes to start a small business? What are the rewards versus the risks? What help can you expect if you decide to set up one?
These are just some of the more important questions you need to ask before you start a small business.
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