Taking your first steps towards setting up and running your own business can be exciting, nerve-wracking and challenging. For many people it’s a brand new way of working, presenting a number of issues they haven’t faced before.
There’s a great deal of practical support and advice available regarding the operational side of running a business, but it’s also important to consider your role. A savvy Business Manager can make a mediocre business a successful one; but a mediocre Business Owner can make a mess of even the best business idea.
To make the most of any opportunity you’re pursuing, it’s vital to understand your own strengths and weaknesses.
To help you prepare and plan, consider the following questions:
Understanding your motivators, drivers, skills and personality is essential to becoming an effective entrepreneur. Take time to reflect on what the challenges of running your own business might be; isolation, accountability, lack of support, no benefits or training etc. and how you might approach dealing with these challenges.
The excitement and urgency of setting up a business can rush your thinking, so it can be helpful to present your ideas and thoughts to a neutral party. Hearing yourself talk aloud can often highlight flaws and inconsistencies which you’ll want to address before you get started.
If you’re unemployed and thinking about starting out on your own, or you’ve recently started your own business, get in touch to find out how our start-up grants and business coaching could help your business thrive.
This content was supplied by Chiumento. Chiumento is an independent HR consultancy that provides a range of services including outplacement, HR recruitment and talent management. With a nationwide network of career coaches and comprehensive online support, they help people who’re looking for a new job or are interested in self-employment.