Biz Culture Newsroom
Each person is a potential entrepreneur; entrepreneurs are the movers and shakers of the economy.
What's
your tycoon potential?
When
starting a micro or small business, you are faced at the very outset with
a simple but crucial task: taking stock of your present situation. This
means that you have to look at your personal situation, and your strengths
and weaknesses. At the same time, you also need to determine which assets,
such as equipment, stock, capital, and so on, are needed to launch and manage
the business.
The ancient Greeks recorded a piece of good advice: know thyself. Know your assets, such as education, experience, technical skills, appearance, a well-adjusted home life, attitudes, personality and degree of initiative. But it is equally important to know your inabilities, so that you are aware of areas in which you can improve. Develop the personal qualities needed for self-employment: self-confidence, decisiveness, perseverance, self-motivation and drive. Make everything about you say "I'm confident!" In your day-to-day activities, make eye contact with people, walk 25 percent faster, speak up, and smile.
Are your family circumstances appropriate for starting a business? This is a vital question to consider, because starting a business will certainly have profound consequences for your family life. Running a business can be very exciting and unite everyone in the family, provided goals and daily tasks are shared. Even today, many businesses are flourishing because family members contribute their time, talent and energy. "KING OF YOUR CASTLE One Step At A Time" further discusses personal strengths such as health and fitness, organisational skills, management skills, administrative skills and equipment, financial skills, selling ability, and negotiating skills.