TEN REASONS WHY MOST PEOPLE VENTURE INTO BUSINESS

27 Oct

Having gone through several books, manuals, articles, listened to speakers speak at seminars and explored the internet, including major social networks to research reasons why many people go into and what they have benefited from doing business over the years. Most of those I came across are those who started business from scratch, who have also garnered much experience from what they do.

1.    FINANCIAL FREEDOM:
 A large percentage of people I have encountered went into business to achieve financial security. Financial security means being free from all financial limitations; to make money as one wishes and not be limited to one source. Unlike a salary earner who is limited to one source, most discovered that with one or more business sources of income, they will attract more sources of finance within an extremely short notice to carry out one or more tasks in their businesses, especially for business expansion.
2.    TIME MANAGEMENT:
Time is essential in every aspect of life. Having control over your time is extremely important. Most believe that  time management helps them to organize themselves and their activities from waking up to bath in the morning to sleeping at night and carrying out their business activities within a time frame.
3.    PROVIDE SERVICE OR CREATE PRODUCT:
Essentially you can not be in business without offering a product or service that satisfies your audience for a financial consideration. It may be an existing product or service with your unique selling point or an additional input as an added proposition.
4.    TAKE ADVANTAGE OF OPPORTUNITY:
 Opportunities regularly present themselves in the business environment. They come in form of trade incentives to encourage the establishment of business in or outside your environment. These may have been a strong reason why many people are in business.
5.    KNOWLEDGE (LEARNING):
To gain deep mastery of a particular product, process or knowledge. In simple terms, to be a master at what they do. Every successful businessman is a master in his field because his exposure to that product and processes over the years of operating that business.
6.    ACHIEVE AND LIVE YOUR DREAMS:
Most people who went into business as an end to a means to achieve their dreams.  Achieving your dreams may include living in a dream house, owning a factory and employing a lot of people, make a lot of money, go on annual vacations to exotic places and be the most sought after individual.
7.    PROMOTE AN IDEA:
Your business is about promoting the idea that will bring in money. If an idea is not money generating and not patronized by prospective clients then, that idea is as good thrown in the bin.
8.    PASSION:
Build a business around your passion. Studies have disclosed that the most successful people owe their success to their passion for what they do. People in the services industry, such as consultants build their businesses around their passion
9.    TO BE RICH:
 Yes exactly. Being rich and undoubtedly happy. Many went into business to become rich and be able to live a comfortable lifestyle. Having a comfortable lifestyle means to be able to afford all the good things that will make ones’ life easy.
10.  TO BE HAPPY:
Happiness cannot be bought with money. But having money can make someone happy to an extent. It brings an air of contentment to the individual.
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