STARTING YOUR OWN BUSINESS? 10 Questions to Consider Before Investing A Dime.

Are you considering starting your own business?  10 Questions to Consider When Starting a new Business

Maybe you are still employed – but very under-employed. Perhaps, you have been laid-off and are thinking about being self-employed.

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INTROSPECTION – A Tool For Small Businesses

A Collection of Thoughts on Introspectionmediatate about your business

 

“The business person who takes no inventory soon becomes bankrupt” (1)


“Many people suffer from the fear of finding oneself alone, and so they don’t find themselves at all.” (2)
The philosophy of the wisest man that ever existed, is mainly derived from the act of introspection. (3)

“To thine own self be true…” (4)

“The terrible fluidity of self-revelation.” (5)

Thinking About….Thinking

There is often a gap between our good intentions and our actual behavior.  Introspection is a tool to assess our behavior in light of what we intended. It is congruent intention and behavior that yields a positive impact.

In the rush to “get stuff done,” effective leaders Continue reading

3 R’s of business in a Tough Economy

Business cycles are never fun, in the down portion of the curve. Cash is tight. Customers are few. Credit is stretched to the max. You know that there are only three options:  Increase Revenue; Decrease Costs; or a combination of both. Simple. Right? Tough decisions for the later two.

It’s the people that know their strengths, excesses, ability gaps, interest drains and skill sets that seem to survive well. They keep it simple and get help where needed. Keeping it simple starts with understanding Griff’s “3 R’s” of business:

Rouse

There was a need, a want, a customer desire that stimulated your interest in providing a better, different, or new business solution.

Response

You did something about it. Made a product. Provided a service. Built the infrastructure to support making and providing.

Result

Something happened because you responded. Customers were developed. Needs met. People stimulated others, for whom you provided a compelling response to begin the cycle again and again.

Things to think about…

If you are struggling with surviving (or thriving) now might be a good time to stop and reflect upon what roused you to start this business?

You had choices – why did you make this choice? Just the top three.

Now ask yourself, what have you learned by just writing those reasons on paper?

  • Are they still valid?
  • Do they still drive you?
  • Are they consequential?
  • Are they foundational to what you want to build upon today?
  • If you had it to do over, what would change knowing what you know now?

Let me know what you wrote and the insights you gained. Become part of the conversation.

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