ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Thinking about a business? Here are the key values you should have as an enterpreneur

Updated on April 5, 2015

For a second an adult thinks of revenue generating project, his or her mind drifts away from the regular jobs and dream career. “I need to start a project that can complement my income. Whatever I get can help me pay my mortgage or other things as I save part of my salary”, you could be saying. Across the world and many countries, costs of living are shooting beyond the roof and people are faced with the reality of having to make ends meet despite the glaring difficulties. The reality that one can never depend on the salary is never new. For this, many people are diversifying their income sources and businesses are the most accessible alternatives.

The mistake that most of us commit is that we enter into businesses for the sake of it-to supplement our income and that is all. In many circumstances, we fail to acknowledge the fact having a business is something that should go beyond reaping profits and extend to its sustainability and the short-long term benefits. The risks must also be looked at. You must be thinking of a business, right? Here are golden traits that you should have to strengthen your bid.

Enthusiasm, Enthusiasm and enthusiasm

First of all, you should be enthusiastic about your business. Whatever you have settled on doing must be given that kind of respect and love. It is going to either expose your worthy or terrible downsides that reveal the hidden rot in your capability. It is advisable that you settle for a business that will not inconvenience you in a way. For instance, if you have worked in hairdressing business and you want to start your own, it would be very prudent that you have personal feeling of linking with the clients through that enthusiasm. Enthusiasm brings about the much-needed confidence in the business.

Be decisive-Choose what you are familiar with, avoid non-experimented and unfamiliar ideas

When settling on a business idea, you should be able to put on a weighing the alternatives you have. Decisiveness is key to jump starting the whole process. Why? It is because if you have the first-hand experience about a business in terms of how it operates, there is a probability that you will be able to know the possible risks and benefits. Being decisive here implies that you are not taking your ambitions overboard. It means that however lucrative a business appears to be, you can say NO to it for now pending your efforts to dig deeper for more knowledge about it.

Be a risk-taker at whatever cost

As an entrepreneur, taking risk is a tradition that you can never forfeit. When starting a business, there are risks and opportunities. But quite funnily, most people use opportunities as the magnet for their venture into such businesses. Others view risks as deterrents for their venture, for they fear running into losses that are difficult to recover from. Nonetheless, a business person worthy of success is like a hunter in the jungle who expects to wound and be wounded. It implies that once you are in that boat, sail as you eye the opportunities and salivate for them but you at the same time become conscious of the possible risks for your actions. Based on this, the business can do well on the grounds that you are benefiting from unexploited opportunities that many businesses have dreaded.

Never be afraid to emulate

When conducting a business, there are higher chances that other people elsewhere have similar businesses and are doing better. If you feel that your rival is doing better than, emulate. By emulating rivals, your business will likely have the void filled and you can position it very well and beat competitors.

Running a business therefore can never be driven by the notion that 'businesses are meant for supplement our income'; there should be other values and reinforcing attributes that support the course of reaping those profits to support that income.

Source

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)