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Further
Reading ...
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Microsoft Business Solutions Partner – how to launch new IT consulting practice - Andrew Karasev
In the new era of internet marketing the problem of severe competition comes into the first position. If you look back into 1990-th you will find high tech companies using traditional sales techniques: purchasing local and regional businesses...
The truth on mlm can set you free - Rolf Rasmusson
The truth on mlm can set you free Truth on mlm When you think about it the truth on mlm is self evident in practically every business with various levels and markups that eventually are paid by the end user. Further more the manufacturer of...
Distribute The Wealth With Business Cards - Lisa Maliga
Distribute the Wealth with Business Cards By Lisa Maliga © 2004 For only pennies per card, you have in your hands one of the most powerful and versatile tools to promote your business. Color Your Business Card The first thing most people notice...
Secure Method of Communication - Max Penn
Secure Method of Communication Introduction... In today's business world, your business competitors will often try and get an edge over you by any means possible.This includes attempts at intercepting your sensitive business...
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Are You Ready To Be Your Own Boss?
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Written By:
Abel Cheng
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You have this burning desire you want to be on your own. The temptation is so great that you want to quit your job. Enough is enough. You're sick of working for other people for a ridiculous pay.
To be your own boss means controlling your own destiny, having your own time and no bosses to report to. Basically, you can do whatever you want.
But before you really jump into a new territory of being on your own, you have to make sure that you're ready and well equipped.
Below is the checklist that can help you to ensure that you're ready to be on your own.
1.Have a crystal clear plan.
Do you have a clear idea as to what you want to do next? You must know exactly what your plan is. Is this going to be the same as what you are doing? Or, is it completely different from what you are used to do? Write down your ideas and evaluate the feasibility of your ideas. Ideally, pick an idea you like most and the most profitable.
2.Have a reserve of 6-12 months.
Before you embark on your journey to be your own boss, you must prepare a fund of at least 6 months'
expenses. I prefer a 12-month fund reserve. The reserve is used to cover your daily expenses while you
are just starting out and you receive no regular wages. This reserve is also used to cover unforeseen circumstances that you might be under. It's extremely important to have sufficient fund as this can remove a lot of stress from you.
3.Support from your partners or friends.
When your plan to be on your own fails or you face a temporary setback, do you have someone to turn to for support? It's almost guaranteed that you'll be caught in a situation that can force you to give up. This is the time when you need solid support from someone who cares about you. You need this kind of support to carry on. You need - continued below ...
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continued ...
someone to talk your problem out. Identify the person who can give you 100% support while you're on your way to be on your own. The person can be your spouse, partners, close friends or even your mentors. For me, my wife is the biggest inspiration and supporter. Whenever I feel down, she gives me the courage to stand up again.
4.Tools and resources.
Do you have the necessary resources you need to start out? Can you work from home instead, or you need to rent an office? Do you need to hire people to help you, part time or full time? Do you need a computer and the relevant software? Do you need any special tool or machine for your business? If yes, where do you source for it? By asking these questions, you can prepare a list of tools and resources that you need to carry out your tasks more efficiently and effectively.
5.Acquire knowledge.
If you're starting out in a new area, how do you acquire knowledge in this area? Knowledge increases your probability of success and helps you to avoid unnecessary mistakes. Knowledge can be obtained
through government agencies, support groups, workshops, books, the Internet, mentors and coaches.
Being on your own can be very challenging. By sharing the information here, it's my hope that you'll have a smooth transition from working for people to being your own boss. And also to encourage you to take action if you have been contemplating on the idea, but no action is taken yet. I can assure you that you'll never regret of making the decision to be on your own.
About the Author
Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to
http://www.abelcheng.com/diary.html
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Is the U.S. dollar about to reverse course? - Mike Fitzpatrick
For the first time in several years the U.S. dollar has managed to gain value against the world’s other major currencies. During the first three months of 2005, the U.S. dollar is up approximately five percent against both the yen and the euro. The...
The Economies of the Middle East - Sam Vaknin
Last year, in the Islamic Financial Forum in Dubai, Brad Bourland, chief economist for the Saudi American Bank (SAMBA), breached the embarrassed silence that invariably enshrouds speakers in Middle Eastern get-togethers. He reminded the assembled...
Be Prepared When Business Investors Look Beyond The Numbers - Michael Elia
BE PREPARED WHEN BUSINESS INVESTORS LOOK BEYOND THE NUMBERS "Here's a quick review of items you should expect business investors to look into beyond their analysis of the financial statements..." Let's say you have spent a year seeking an...
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