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How to start a business with 1000 and be your own boss

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No man who works for another man is actually a free man even if you he is given a global award as the highest paid salary earner in the whole world. What I am trying to let you all learn from this statement is simply the benefits of entrepreneurship. If you have already determined and decided to work for someone all through your life then, I am afraid and sorry for you at the same time for choosing to remain a slave when slavery has already been banned a very long time ago.

There is always a joy that springs up from your within mind whenever you look at your building, land, company, establishment, wristwatch and your other valuable properties and be proud to boast of them and say 'These are mine, I laboured for them'. My advocacy for starting a business on your owns should not be misinterpreted for being too materialistic or an attitude of excessive worldly inclination. It rather goes very far beyond that reasoning.

Starting a business on your own has never been easy. Initiating a business idea, adding shape to it, nurturing it to a profitable level and growing it far into the foreseeable future as a going-concern is as great as the magnanimous labour of sissyphus and the enormous tasks of hercules the ancient Greek god both combined together. Unarguably, it takes time, money, continuous efforts, planning and hardwork to ensure that a new business thrives lucratively and competitively as well.

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[Post Image Courtesy of NayPong at FreeDigitalPhotos.net]

But instead of wasting that time and energy working for another man, enlarging his wealth only for a limited amount of salary, I believe you can use such time and strength of yours to work for yourself and develop your financial base for your own good and well-being and even beyond your endless generations. Start up something that will yield immense financial benefits for your great grandchildren and more generations to follow that their great grandfather was really a mighty and hardworking man. Innovations, creativity and the power of enterprise can leave your footprints in the sand of time for more than a billion ages to come.

A private business of your own grants you that flexibility of time to take your own decisions, do your things, perform your activities and attend to your personal needs and desires in ways that are very convenient for you such that you will no longer need to get a permission from your office boss or write a letter of excuse to your manager pleading for a day off to attend you sister's wedding or to travel for am examination. All those stories will be gone into the past as history since as a business boss of your own, you can adjust your time and schedule the way it will suit you.

To start a business on your own, you first need a strong sense of determination and making up of mind that you want to be totally free from financial dependence, that you want to be a dependable independent man, that you want to turn around your position from the seat of an employee to the throne of an employer. Develop that will power, emotional strength and zeal with which to start up a business on your own.

Now, choose a particular line of business that you can do very well, a business venture that you have a real interest in. You need certain skills, knowledge with which to go into a particular type of business and excel in it even if other who tried in the past were all a bunch of failures. Always remember that an entrepreneur is a reasonable and wise risk-taker, a good planner, a sound director and an effective co-ordinator capable of mixing and putting all other factors of production (land, capital, labour and machines) together to ensure maximum returns for optimum profits.

Make your investments of time and money into the business venture and continue working hard. Make sure you do not take out personal drawings from the business so as not to spend your capital and drag your business down into extinction. Also, take a very good note that your business may take years before it will eventually become profitable considering your initial and day-to-day operating expenses. Do not worry. Just be patient and keep on waiting until the returns from your business finally covers up your costs and puts you on the profit side. Then, you must be operating above the break-even point.

Enhance the goodwill of your business. Advertise your business and get new customers and build on the patronage level of your business. As more profits are made, expand your business into new branches, subsidiaries, depots, plants and offices. Employ more staffs for the work and renumerate in relation with the level of their inputs. Avoid unnecessary production wastages and take your business to greater heights.

With a good management team beside you capable of developing expert strategies, making effective plans and taking far-reaching business decisions, your business will propel into success where the sky will instead of being a limit serve as your starting point.

You may also need an outsourcing of external consultancy services in delicate areas of your business. So beware of it as you rum and manage your business concern. Mix up with other managers in the corporate world, develop yourself further and learn more advanced rudiments of starting a small business and enlarging it into a planet with the ticks of the time.

Cheers to an entrepreneur!

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About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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