The Basic Guide to Starting Your Business Part 4

By PETER OSALOR

Daring

A successful business man has a mindset that is willing to take risks and tread on places people would not ordinarily want to tread.

He would not chicken out at the slightest threat, so if you intend to start and own your business, you must have a die-hard mentality, otherwise you would quit before you even get started.

It is also very important to consider the risks involved and your ability to handle them properly, since every business involves risks.

Most business people are very comfortable with modest risk but quite uncomfortable with big risks. Although they are unwilling to gamble on long shots, they are more willing to take chances if their individual skills can affect the probability of success.

Then will they have the courage to step out into the unknown and pursue their personal dreams.

Goal getter

A successful business man has the mindset of not just setting goals but also achieving the desired result. He does not settle for less but always has his eyes on the prize. To him there are no impossibilities and failure is just part of the game.

He does not believe in half measures but believes that he can go all the way and this mentality inspires a lot of confidence in clients and customers and will keep them coming.

A high level of energy also keeps the businessman trudging through road blocks because he has his eyes fixed on long term goals. It is important you are very energetic and vibrant as it will ensure that your business is up and running. You need to have a motivation from within and from those around you.

The man who invented electricity, tried ninety-nine times and failed; he got it right the 100th time! I dare say, that is the spirit you must possess, no matter how many times you fail, you keep trying it out until you get it right….bottom line you must delete the word IMPOSSIBLE from your dictionary. Period!

It’s very important you move with the right people and read books and materials that will prepare your mind and reposition your mindset towards positivity, because “if you can think it then you can be it”.

Never forget “you are a product of your thoughts.” This reminds me of a Nigerian drama series that aired on the Nigerian national television network (NTA) in the early 90s, BASSEY& COMPANY.

The lead act was fond of saying “if you want to be a millionaire, think like a millionaire”! As funny as it sounded then, it is still very true and applies to business. So permit me to say if you want to be a successful business man, then think like one!

If you are going to run a business of your own, you should find something that makes you really happy. This should be at the core of why you are even looking at going into business of your own, because if you try and make something work and you have no passion for it, it probably won’t work out. If you have passion for the industry that you are working in, you will have a good chance of making it work out.

What make a business great are the people that run it and the passion that they have for it. Keep this in mind when you are thinking of starting a business of your own.

From experience, many just jump into business because they are excited about an idea and haven’t really thought about the ‘whys and wherefores’. Taking a moment to reflect on your motivations and defining your purpose will be time well spent.

A lot of people go into business for the sole reason of making money; this is not a good idea. It’s not a good idea because the main ingredient for success is missing. The main ingredient for success is passion, and it’s virtually impossible to maintain high-levels of energy when you’re doing something you don’t love. There will always be challenges in owning a business.  Your love and passion is what takes you through those challenges.  Without that passion, you probably won’t make it.

- Culled from: http://www.vanguardngr.com