Having your own workplace and business is the best. It is better than 9 to 5 job and is more rewarding too. However there are certain things which should be considered seriously before you start off.
- Know the Business – Before starting off you should study and research each aspect of the business. The best way is to work for some time with a company which is well established in that line. You need to learn the secret behind the success of that company. However that need not be your focus. Knowing the line will help you immensely when you start your own.
- Start with the minimum workforce – Hiring people means regular outflow of money. So while starting try to have minimum people working for you. When I started my business I was the CEO, marketing manager and the accountant. In fact I was working alone for full one year before I hired an assistant. This is often necessary in the beginning.
- Always do the Primary part – If your business does well you will have to delegate the things. You cannot do all by yourself as there is limit to human capability. But keep the primary part of the business with you. Marketing is the thing you should always control.