Check list for Entrepreneurs

Duncan Cheatle, founder of the advisory body Prelude2Business has a checklist for aspiring entrepreneurs: Do it for passion not money. Things don’t happen overnight, so do something you feel passionate about. Do not start something with an exit and a fortune in mind. You’ll probably fail. This was commonplace during the dot-com era where people came up with ludicrous business ideas to be delivered by inexperienced teams. Do something you know about.

How to Choose the Business that is Right for You

Take away : Take a look at your natural talents and do what you do best · Be honest about why you want to have your own business · Research every aspect to find out if it’s right for you before jumping in Ask the following questions and mull over them for sometime. What are you really and honestly good at? Will you find joy in the activity of doing the task involved in the business ?

On Persistence

A lesson from the Chinese Bambook Tree You take a little seed, plant it, water it, and fertilise it for a whole year, and nothing happens. The second year you water it and fertilise it and nothing happens. The third year you water it and fertilise it and nothing happens. How discouraging this becomes. The fourth year you water it and fertilise it and nothing happens. This is very frustrating.