Our First-Time Visitors

A Serial Entrepreneur Becomes A Millionaire From An Accidental Startup

Monis Rahman, serial entrepreneur, accidentally launched Rozee.pk when he needed to find more programmers for his startup.

Getting A Mentor

I had a strategy session with a business start-up owner a few months ago. She was six months into her start-up and needed some ideas during her development stage.

Simple Steps To Creating Your First Website

When you make that decision to start a business, you immediately become a multi-tasking maniac. Let's face it, you will have a lot of work on your hands.

Why 'Core Competency' Is Important To A Startup

Well, I like the answer that Norm Brodsky gives in his book, The Knack: "It was the one thing we had that our competitors couldn't offer, and by the time they caught up, we had a foothold in the market and were known for providing that service."

Friday, February 29, 2008

Starting Your Business

Starting a business should start with the business owner self-evaluation:
  • Do you have the courage and tenancity it takes?
  • Are you a risk-taker?
  • Are you a planner or a fly-by-the-seat-of-your-pants person?
  • Can you stand hard times?
If you're considering starting a business, you should also think about the success of your business idea. A strong business is started by the strength of your idea.
  • Why should someone stop to listen to you? Why should they buy your product/service?
  • Who do you want to buy your product and why?
Thirdly, consider your passion and competence. If you've envisioned your idea, obviously you have some experience in what you're trying to accomplish. If not, I strongly urge you to educate yourself. Most importantly, you should have passion for your idea. If this is an idea you're not passionate about, I strongly urge you to reconsider your particular idea because it is this passion that keeps you sane in the months when money is scare. A strong business owner should:
  • Become educated about his/her product/service
  • Be passionate about the business being started
  • Be ready to assure potential clients that he/she is competent to handle the job

Thinking about starting your business? Let me know your thoughts...

Tuesday, February 26, 2008

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