A side venture always teased create employee. The dream of a great income whilethe liberty set time always be its appeal. Not a few employees who eventually infuse money and start a business sideline.
Need to study in earnest before the start.
I wrote this after meeting an old friend some time ago. This kind of story.
He recently lost money on hundreds of millions of dollars because of the large loss sampingannya business. Insistence on success stories on business, this friend that is still a STATE-OWNED bank employees, invest in farms outside of Java which he said promising kentungan bank interest above the doubled in a short time.
It was not until 6 months, his business started to falter and a year later went bankrupt. This fella lost investment not a trace.
I've experienced the same thing.
The new brother invited retired, we opened the stall meatballs. Because it does not understand the operational management of the meatballs, the stall to the other people that we trust.
Because it is still working, I only come 1-2 times a week on weekends. Initially, the result of selling Meatball fair. But, long – long, every month losers.
Money from sales does not cover operating costs.
Exactly a year, we decided to shut the stalls of meatballs, to avoid bigger losses, although the capital is up rushes.
Learning from its own experience and hear stories of friends-friends who suffereda similar fate, I want to sharing factor – what factors to consider before you embed the money in an attempt to let the result be successful according to expectations.
Considerations Of Starting Business
First, it is important to use common sense or common sense in evaluating bid business or venture. Whether the level of benefits offered makes sense or not.
Unusually high profits in a short time will need to be made alert, instead of beingconsidered a good luck. People said, ' too good to be true ', for an outcome that is too excessive.
That wretched, many are easily tempted when faced with the lure of high profits lure –. Without having had time to realize, that the offer was actually does make sense. Dream big profit trumps common sense.
We recommend that you inquire with critical, why this business generates high profits. What's the secret, what's his strategy.
If these businesses generate profits so high, why other people didn't get into this business. Important also probe the assumptions used in making predictions or assumptions.
What is a realistic assumption. For example, do not get the economics assumed would always grow and bright, but we know that the economy can go up and get down. And others – other. Anyway, be critical.
If the analysis or study does not get a satisfactory answer or even gave rise to suspicion, I choose not to invest.
There are still many other opportunities.
Second, the business side where we invest is a field that we should understand theinside and out.
Know the ins beluknya, head, lekak-lekuknya grasp and understand correct ' end to end ' process.
Why?
Because when businesses are having problems, we know the causes and solutions.
The effort will be hard work if solution relies on everyone else. If a business is in trouble and you don't know what the difficulty, it's time to think and vote, soon learnthat it may understand or unplug from the venture.
As an owner, it is important for us to be able to analyze and find a way out of all problems that afflict such business.
When the stall meatballs faces the problems resulted in the loss, I can't do anything – anything. I don't understand the technical and operational meatballs.
Can only be resigned. Finally, the business is closed without my being able to do much.
Third, could monitor and engage in the development of the business directly.
This means that, attended and viewed execution as well as the business operationsof the near future. Can see directly how the business is run a day – day.
Not a business location is far away or isolated so that it could not be seen directly and routinely.
By visiting and monitor on a regular basis, a fast action can be taken if trouble comes. The process of learning and transfer of knowledge are also more effective.
So, understanding of the challenges and strategies to deal with it can also rapidlybuilt.
The experience of a friend of agricultural investment outside the island above provide enough lessons. He was not able to monitor on a regular basis.
BORO boro – want to learn, get to see once a year is good because of the remote location and transportation costs are expensive.
As a result, when business is in trouble, my friends did not know earlier. Ketahuannya later after the problem so thorny and complex, so it's been difficult to look fora solution.
Everything is so late.
It used to be sharing three things to consider friends – friends of employees before starting a side business.
Insistence on savory profit can be reasonable and things. It's inhumane.
However, preparation is important. Don't be easily tempted to offer promising exorbitant profits in quick time.
Remember, business and business that is not an easy job. Hence, more entrepreneurs fail than successful entrepreneurs.
Critics always carefully and use common sense before infusing money in any venture.
