Many people think of starting their own business – especially if they’re stuck in a boring job, have a long commute or have the threat of redundancy hanging over them. Could you shine as a wedding planner? Have you always wanted to run a little tea shop? Do you see yourself as an online entrepreneur?
It sounds lovely, doesn’t it? Being your own boss, freedom from the rat race, working at your own pace and in your own time. But if you do go for it, you could be in for a big shock. You might be surprised to learn that in the UK 50% of start-ups fail within the first five years!
Just so that you know what you’re getting into here are some quotes from people who have set up their own business – quotes about the personal qualities you need if you hope to succeed.
By far the biggest quality is determination. If things don’t go right at first, you have to keep on. Everyone’s allowed to make a few mistakes. The main thing is not to be put off when you hit snags.
Eric Lunn – Hinges & Things
You have to commit yourself to it. If you see an opportunity, however small, you must pursue it relentlessly. If you go into business half-heartedly or with your fingers crossed behind your back, then you’re likely to fail.
Mr F.M. Daws – Framada Materials Handling
You have to be dedicated, maybe even a bit obsessed! Bags of energy and enthusiasm to get you through the difficult times, which there will be. And, in my line anyway, it helps if you like people and get on with them.
Frances Look – Freelance Photographer
You need determination, to work long hours – especially at the start, and never give up. Don’t let disappointments deter you or affect your morale. But the rewards make all the effort worth it.
Anthony Todd, Managing Director, East Cheshire Printers.
As you can see, everyone has different views on which qualities are the most important but determination and commitment seem to be top of the list.
So, if you are serious about heading off to Start Your Own Business you’d be well advised to bear this in mind and think carefully about whether you’ve got what it takes!
Author: Diana Nadin
