Q: I very badly want to start my own
small business. I've
done a lot of research on it, taken some courses, and read quite a
few books. So I am pretty sure I have a good idea and the skills to
pull it off. My problem is my friends and family, who are always
telling me it can't be done. I am ready to quit my job and go for it,
but they are making me have second thoughts about entrepreneurship.A: Starting a business is risky, there are no two
ways about it. One can never completely control all the variables.
But thorough market research and careful financial projections can
minimize the risk.
If your friends and family have no experience with self-employed
people, they may be fearful of the unknown. They may not fully
understand either the risks or the benefits.
If someone very close to you, like a spouse, has major reservations
about your enterprise, perhaps you could consider starting slowly to
help them ease into the idea of you being self-employed. Could you
keep your day job and start the business on the side? Involve
that doubtful person in your research in order to provide them with
some understanding of, and to develop some confidence in, your
business idea.
Aside from that one caveat, you need to surround yourself with
positive people who understand business ownership. Don't ignore the
naysayers if they are important to you, but ignore their negativity.
Instead, create a support group of other business owners. Internet
small business and social networking sites are great places to find discussion
groups. Or join your local Chamber of Commerce or
another face-to-face networking organization.
Perseverance, commitment and determination are required to
accomplish anything that's worthwhile. If you have done your homework,
then go for it. And good luck with your small business!