Myths About Starting Your Small Business

Released on: March 31, 2008, 6:54 am

Press Release Author: Ila Bhatt

Industry: Small Business

Press Release Summary: Consider the MYTHS which we will debunk your own small
business. You may be the boss of your company but in truth, your clients are the
boss. Remember that you may have to deal with the clients you don\'t like anymore.The
unfortunate reality of life is that sometimes, talent and hard work are not
rewarded. However, if one is patient with his or her small business, the chance that
his business will turn out to be a success increases.

Press Release Body: Before you jump into small business entrepreneurship, consider
first the following myths which we will debunk.

1. MYTH: Starting a Small Business is Easier Work
This isn\'t true. You\'ll probably work harder. A small business needs more work to
survive. However, the potential to earn is more. The difference is, at work you
would balk at overtime. With your small business, you may actually enjoy working
overtime because you are caring for your own business.

2. MYTH: I\'ll be the boss.
You may be the boss of your company. But you will still have to please someone else:
the client. So in truth, they are the boss. Make sure you keep them happy and well
served.

3. MYTH: I Can Now Ratchet Up My Asking Price
We often think that we work too much and are paid too little. When starting a small
business we may be tempted to think that we can now push for a price more befitting
our skills. However, we should remember that we have competition who might be
offering their services for a pretty low amount. We always have to be competitive
and practical. And exorbitant pricing may not help our small business any much.

4. MYTH: I Don\'t Have to Deal with People I Don\'t Like Anymore!
Unfortunately no, You might find that the clients you now have may be pushier than
your boss. And as we said in number 2, your clients are your boss. The goal here is
for you to have more and more clients. So from here does it follow that the more the
clients, the more the bosses, the more the headaches?

5. MYTH: I Own My Time!
Yes, you do own your time. Unfortunately you will find yourself using more and more
of this time to tend to your business. So ultimately, no, you won\'t gain much in the
time department.

6. MYTH: I can\'t work any harder. I can\'t do all this.
Do you know that they most managers give more jobs to busy employees because they
seem to know how to balance and allocate their time? The key to working more is to
work smarter, not harder.
This will take a lot of organization, but being able to accomplish much in less time
will prove to be its own reward.

7. MYTH: Freedom at Last!
Free from what? And free to do what. Yes, you will have more leeway to do things
when you want to. But this does not mean that you will be free to do nothing. Or be
free to do something else than tend to your business when you have to.

8. MYTH: I\'m in Charge. There\'ll be No Mismanagement from Me.
You may think that your boss was foolish not to listen to your suggestions regarding
work. But unless you are on the hot seat, you will not appreciate how hard
management really is.

9. MYTH: If I\'m good, I\'ll be a success immediately.
The unfortunate reality of life is that sometimes, talent and hard work are not
rewarded. However, if one is patient with his or her small business, the chance that
that business will turn out to be a success increases. So always be practical in
your expectations of success. Don\'t count your chicks when the eggs haven\'t hatched
yet.

10. MYTH: I Can Motivate Myself
No man is an island, remember? In any business, your first line of security is your
friends and family members. They will help you assess yourself and should be ready
with a kind word or two to motivate you to start your own business. But aside from
them you should be driven yourself. Without this drive you might not find the
fortitude needed to weather the trials that beset starting businesses.

Ila Bhatt is associated with SPIDERNET WORLD & GREAT INDUSTRIAL GUIDE. She is here
to share her experience and submit their information in this field to the world. For
more visit http://www.greatindustrialguide.com

Web Site: http://www.greatindustrialguide.com

Contact Details: Ila Bhatt
H.NO - 1715 - G F, SECT- 6
Karnal
Haryana
132001
INDIA

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