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Tips to Start Your Own Small Bizz, Home-based Business Information

Updated on November 25, 2016

Start Your Own Small Business

Putting energy and action into owning your own business will be one of the most exciting experiences of your life. Some people may wonder if they should own a business. But it doesn't hurt to give it a try; you only fail when you don't try. Some people have tried many times and failed in some way; but they kept at it, that's what makes them a business owner because they will not give up or give in. We all learn from mistakes, and that's what makes us better the next time. Having your own business can actually be a reality.

For instance; just think if Shaquille O'Neil would refuse to go to the free throw line. He wouldn't be the NBA Player he is today, and the money is motivating also. And he does this in front of billions of people on national TV, and he still throws the ball somewhere near the hoop. A failure is someone who gives up completely, every time he fails at something. And a winner is someone who keeps trying no matter what, even if he fails a few times, he won't give up; persistence is the key.


But don't quit your day job at least for the moment.

Entrepreneur

When you decide to become an entrepreneur be as positive as you can. Also think realistically about your decision on owing a business. You would need personal qualities, family and friends support, willingness to work long hours. This will require taking risks and sacrifices to invest time, energy, and flexibility into your new business. Also you can get your finances faster, and you can get more money than working for someone else. At a regular job we spend a lot of hours there, why shouldn't we enjoy it.

Grants

A personal quality in being an entrepreneur is self-motivation; making things happen, needing to achieve in every way. The odds are 'for you' more than they are against you. One reason is that there are small business grants you can apply for online, from library books, small business books (Barnes and Noble), as having your own business. So as the saying goes; "Why put off for tomorrow what you can do today?"

Start Your Own Business
Start Your Own Business

Watch this video - Secrets to Success, How Bad Do you Want it?

Business Tips

In marketing, you know exactly what you’re doing, either you’re getting orders or not. Having a habit of hard work is essential. Having your own business is hard work. If you’re already a hard worker, then owning a business is for you. It requires being a leader to organize a small business. Most entrepreneurs are careful planners. A national survey shows that a huge percentage of teenagers than adults, were interested in someday being an entrepreneur. More businesses is now being owned by women, than being owned by men. So when will you begin owning your own business, is the question?

I have worked for a couple of small business owners, and they had great finances as a small business company. Each entrepreneur has different personality, skills, strengths, and weaknesses. Focus on ways of being different, and doing new things no one else may have done; be innovative. Nearly 90% of entrepreneurs made their fortunes by owning their own business. Again, positive self-motivation, and determination is the key. Say to yourself, "I have an entrepreneur spirit and I will succeed with the necessary tools." Surround yourself with positive people, and ideas. Focus your thoughts on doing better and being better. When I started my first business in the 90's, I needed positive enforcement; I went to the book store and then I purchased Napoleon Hill's - "Think and Grow Rich." This was the best positive motivational influence I have ever heard. Basically, educate your mind with positive influence and "self-motivation." The potential financial reward of entrepreneurship is major.

It is extremely important that you are good at something. What positive things do your family and friends tell you that you’re good at? Have a teacher or someone else told you what your good at? What are things you like to do? Answering these questions can help you with some sort of idea, as to what you want to do, as having your own business.


Sole proprietor

Registering your business can benefit you, the owner, since you can then write off business expenses, and reduce your personal taxes. In most states, the basic types of business structures are:

♦ Sole proprietorship
♦ Partnerships
♦ Limited liability companies (LLCs)
♦ Corporations

The simpler business structures to run are sole proprietors and partnerships. You will free the business from having to pay payroll taxes, if you were to employ your spouse as your business partner. Finally, working as an entrepreneur having your own business can be fun. Individuals who really enjoy what they are doing are more likely to do it better.


Verse of Scripture on Wealth

You say in your heart, 'My power and the might of my hand have gained me this wealth.' And you shall remember the Lord your God, for it is He who gives you power to get wealth. Deuteronomy 8:18

Entrepreneur Poll

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Think and Grow Rich Mentally - Napoleon Hill

© 2011 Brinafr3sh

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    • Lady_E profile image

      Elena 6 years ago from London, UK

      Excellent Hub and what we need right now. I like the way you encourage people to be positive. People are being made redundant daily, it's always a good idea to have a small business.

      I set up a small IT Training business 10 years ago because I was tired of 9-5pm. One of the best deicisons I made in life.

      Thanks

    • kenny thomas profile image

      kenny thomas 6 years ago from Australia

      nice writing brina keep it up, great info on business start ups, you've got me thinking :) vote up:)

    • profile image

      CheetahsLady 6 years ago

      Money is the true motivator, right on! Good read!

    • FagunRain profile image

      FagunRain 6 years ago from Sunamganj, Bangladesh

      thank you

    • Alicia P profile image

      Alicia P 6 years ago from Kenbridge, VA

      Well written and informative. I really enjoyed reading this. Anyone starting a business would find it very helpful. Thanks.

    • drpastorcarlotta profile image

      Pastor Dr. Carlotta Boles 6 years ago from BREAKOUT MINISTRIES, INC. KC

      Positive! Positive! Positive! You are what you think!! GREAT HUB! Voted-up!

    • profile image

      SEOSushantGupta 6 years ago

      What an idea!! Thanks to share it....

    • suziecat7 profile image

      suziecat7 6 years ago from Asheville, NC

      I agree that determination is key. Great Hub.

    • folorunsho80 profile image

      Folorunsh Joshua 6 years ago from NIGER STATE, NIGERIA

      Nice hubs,the bible said i can do all things through Christ whom strengthens me.Believing in oneself,and determine to succeed in any business ventures is the secret of a successful business.

    • JulieBax profile image

      JulieBax 6 years ago from Mooresville, NC

      I am laying awake at night, searching through my mind of just how to go about starting my own business and just what that business will be! Finding this was awesome and inspiring!! Thanks, this was a very motivating and informative article!

    • Brinafr3sh profile image
      Author

      Brinafr3sh 6 years ago from West Coast, United States

      @ Lady_E, Kenny Thomas, CheetahsLady, Fagunrain, Alicia P, DrpastorCarlotta, SeosShushantGupta, Suziecat7, Folorunsho80, and JulieBax, thank you all for your comments. Greatly appreciated, visit again.

    • WriterDJ profile image

      WriterDJ 6 years ago

      businessman is my goal, need strong determination not only hard working... and this is tough

    • A.S.K.Preacher profile image

      A.S.K.Preacher 6 years ago

      Brinafr3sh

      Nice article. I just thought I would take some time and visit those who have visited me. Keep up the good work and God bless.

    • Brinafr3sh profile image
      Author

      Brinafr3sh 6 years ago from West Coast, United States

      Hi WriterDJ and Ask-Preacher, thanks for your comments. Visit again.

    • Chuck Tyler profile image

      Chuck Tyler 5 years ago from Worldwide

      Timely topic, great article :-)

    • Brinafr3sh profile image
      Author

      Brinafr3sh 5 years ago from West Coast, United States

      Thanks Chuck.

    • Ruby H Rose profile image

      Maree Michael Martin 5 years ago from Northwest Washington on an Island

      Napoleon Hill is pretty cool Great Bible verse to use too.

      Love this hub. Very helpful and true. Gonna share it!

    • Brinafr3sh profile image
      Author

      Brinafr3sh 5 years ago from West Coast, United States

      Hi Ruby, glad you like this article. I agree Napoleon Hill is pretty cool, his motivational book and video has helped me a lot. Thanks

    • dmop profile image

      dmop 5 years ago from Cambridge City, IN

      I started and ran a business for over ten years, but decided to get out while the getting was good back in 08 when the housing market bombed and gas was ridiculously high. I am working on building up another business now, but at this point it is just side work. I refuse to quit and just keep on keeping on. Great article voted up and useful.

    • Brinafr3sh profile image
      Author

      Brinafr3sh 5 years ago from West Coast, United States

      Hi Dmop, It's good you are still keeping a vision to own a business. I hope for you the best, keep on keeping on. Thanks

    • profile image

      bhsha 5 years ago

      nice information

    • Johanna Bergstrom profile image

      Johanna Bergstrom 4 years ago from Fuengirola, Malaga, Spain

      Thanks, this was really useful and practical!

    • Brinafr3sh profile image
      Author

      Brinafr3sh 4 years ago from West Coast, United States

      Hi Johanna, your welcome, glad to know that this article is useful for others as well as myself. Peace.

    • Bedbugabscond profile image

      Melody Trent 11 months ago from United States

      Starting your own business is no easy task. As a woman I am thankful to be able to be self-employed. I have a good friend who wants to start her own cleaning business. She is an amazing woman, but I think been bombarded with the "Women can't do that." attitude. I think you are right, you have to stay positive. You have to believe in yourself, and have the energy to keep it going. I think once my friend adopts a can do attitude she can start her own business!

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