Saturday, October 30, 2010

Are You Waiting For Everything to be Perfect before Starting?



Starting a new business could somewhat be a daunting task if approached from a wrong perspective and lack of understanding. 

For one, while I have advocated in an earlier post the need to have a plan in place, it is equally important to point out that as mortals, one cannot have all the details. That role belongs to God because He alone is omnipresent, omniscient and omnipotent.

In creating a business plan, what you need is basically what to get you started:

(1)   The objective or need you are trying to create a business or service to address.

(2)   The resources you need to get started (office, office equipment, staffing, finance, etc)

(3)   The marketing plan

(4)   A financial projection (cash flow projection)

(5)   Opportunities available to grow the business

(6)   Likely challenges to encounter

This article focuses more on (6) because as I said earlier, if one tries to list all likely challenges, it could lead to a total discouragement, loss of confidence and abandonment of the idea altogether.

What one needs to understand is that everything cannot be complete before starting a business. There are those challenges overlooked more out of inexperience than out of ignorance, which overtime would become clearer to handle as the business grows.

For instance, one cannot totally plan to prevent a natural disaster (flooding, earthquakes, fires, etc) but rather, the plan should be how to recover if this anomaly ever occurs. This helps to keep one mentally prepared and in the right frame of mind to keep moving to resolve challenges.

 Another example I can give is how to recruit the right staff. In today’s world, there is so much emphasis on getting rich quick that most young people are looking for ways to hit it big within the shortest possible time.

If one hires such a person for his business, there is likely to be problems since the person’s focus will always be short term and not long term success; but that also should not stop one from hiring staff for their business. 

What should be done is to take the pain to look for people of right character and not just skills.

As leadership expert and author John Maxwell pointed out, it is easier to teach skills to a staff than to teach character.

I will end with the words of author Mark Victor Hansen who said, "Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what?  Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful."

There you have another wealth secret! Now go out there and begin to shine and achieve the success of your dreams.

© copyright Gabriel Ama.
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