Game
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Your Interests And Skills
Good idea! Start with your interests and skills. What you love to do and are good at may have business potential. If you can find a way to earn a living doing what you love to do, you are more likely to succeed.
Make a list of the things you like to do. Make another list of the things you are good at. Also make a list of what is important to you (your values). Use these as criteria when considering possible business opportunities.
One thing to beware of. Many people pick a business based around what they can do and have done in the past for an employer, and they end up buying or creating a job for themselves. Instead of one boss, they have several bosses - all their customers. Instead of being a business owner, they end up working in the business as an employee. For more on this topic, read The E Myth by Michael Gerber.
After you think for a while, << go back.
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All The Money You'll Make
It may be a little premature to dwell on the money at this point. Think instead about the following:
What sort of product or service will you offer?
Who would be your customers?
What makes you different?
Why would they want to buy from you?
How would your business make the world a better place?
Also, since we are on the topic of money, most entrepreneurs are overly optimistic about the amount of money they will make. Take your most pessimistic estimate, and double it for the amount of money you'll need. Assume that it takes twice as long to pay back the loan.
After you think for a while, << go back.
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Meditate
You focus on your navel, and meditate on life, the universe and why you're not making any progress on your business. You apply all your skills in meditation that you learned from that meditation retreat you went to in some monastery some years ago.
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Perhaps the universe is not on your side today. You gain no wonderful insights into how to move forwards with starting your own business.
After you think for a while, <<go back.
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Mission Statement
Good idea. It is important to have a sense of purpose. Start with your own personal mission, and then expand out to the mission of your business.
You should choose a business that fits your personal mission. Michael Gerber says that a business is an extension of the owner.
After you have your mission statement, << go back.
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Think Very Carefully
Think Very Carefully
Good idea! Starting a business is not to be taken lightly. There are lots of things to think about. There are lots of things to plan for. They say that people don't plan so much as they fail to plan.
What do you think about?
After you finish thinking,
<< go back.
