Having Your Own Business That Lasts | Lifestyle

by JohnWass

Starting a new business venture offers the expectation of great rewards and in most cases there is a high element of risk involved. It's common to hear that when we're operating our own business, every time we jump out of bed in the morning we're unemployed until we make our first transaction! Familiar?

According to some reports, people who are self-employed make up about twenty five percent of our population. And reliable statistics show that just most of the highly-successful entrepreneurs we hear about started out as being self-employed in their own business.

Of course there are many occasions where people are really forced to start their own small business. This can be as a result of things like becoming unemployed, made redundant or downsized, their employer's business collapses, etc. These days these situations are commonplace, and unlikely to improve much in the short to medium term. There are particular industries where this is more widespread, such as motor vehicle, real estate and retail, to name just a few.

One of the results of this is the creation of new businesses by an emerging number of entrepreneurs. Are there risks involved? Of course, and most of us know the failure-rate of new businesses is very high in the first five years, apparently up around the 30% to 40% mark according to reliable university studies. So it's always survival of the fittest in order to have a business that lasts.

But despite the risk, according to a major study done recently, most small business owners advise their friends to start a business now, instead of delaying for a year. And according to an MSNBC report, small businesses employ over seventy five percent of the net new jobs in the economy. Of these small businesses, although they start out small, many of them grow very quickly. These new businesses, many of which are home-based by the way, employ over forty million in the United States alone, plus the millions of others in other countries, and are growing rapidly in numbers. Yahoo recently reported that over 75% of business-owners indicated that the internet directly influenced the launch of their new venture in this new economy.

So it's not important what your situation is, or when you make the decision to become an entrepreneur and start your own business, and you're really passionate about achieving success with a business that lasts, if you've made your decision after doing due diligence, the risk-reward factor is well-balanced and favors you. The potential benefits are huge and are unlimited. Although there is the risk factor of about a fifty-fifty chance of failure, you can improve that by doing some very basic things and having a proven system to work within.

Owning a successful business, particularly one that is home based, requires a lot of self-discipline, so that when you come across obstacles, as you certainly will, being completely clear about your "why" for operating a business will greatly assist you in staying with your decision and never quitting.

Successful businesses, particularly when you work from home, are based upon commitment and taking massive action. Never ever give-up, know exactly what you want, and just go for it. The rewards from operating a successful small business that lasts are priceless and enable people like you and your loved ones to live the type of lifestyle normally reserved for the ultra-rich.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

John G Wass has extensive business experience showing people how to builda business that lasts, with the faultless system his company provides, so that he is now effectively helping others to builda business that lastsand earn serious money.