While you may secretly harbor dreams of your own business, you have what it takes to be boss? Starting a business, while one of the hallmarks of the "American Dream" not for the faint of heart. Before you give up your day job and plunk down a lump of money in a business-in-a-box, or try your own company to decide to start from scratch, there are some questions you would rather you ask yourself.
How much management experience I have?
Unless you are bringingexperienced manager with you to get your new business up and running, will you have to bear the responsibility for the conduct of business. This means that you will ultimately be responsible for the hire, fire, train and monitor carry your entire staff. This responsibility does not end come with a manual. They have quite a lot to learn as you go. However, this does not mean that the best way to come before the learning curve to improvise simple. Not by a longshot.
Procedures are such things as hiring practices and procedures, training manuals, lesson plans, employee handbook, company policies and and have been involved in other facets of the successful operation of your company, designed and implemented. Clearly, opting for a franchise, you save some of the headaches associated with this phase of the company, but it will not negate. To go to the jurisdiction of the initiation and enforcement of this policy andProcedures.
If you are not prepared to fulfill these tasks, then you are on plan will place "B": rent a manager. While there are people out there that the experience, dedication and integrity required to help you run your business, do not believe for a minute that is the setting of a manager in a miraculous way, the wheels of commerce go round and round. It means that if you pay you money, you make's you choice. You still have to deal with the co-pilot.
Asmuch control, I'm willing to delegate to others?
That brings us to the delegation expressed. Delegation to the double-edged sword that he is, you must accept yourself comfortable with the task of total control over your business, and that everything does not always work as you had planned. You must abide by micro-management personnel. You have to get used to the occasional personality conflict. You must allow subordinates to make mistakes.
If any of theseProspects choose your teeth on edge, then you can be for this kind of business, which is limited to a service-oriented character, and there is no risk to a large staff required to decide.
How many hats I have to wear?
If your background was a result of collaboration with a large company, chances are your job description was pretty close. When you say you have been working in marketing in the last twenty years, chances are, you are very skilled in this task. But when the boss walked in the doortomorrow and said that you will be transferred to HR or sales, you have quickly seen even a Maalox moment.
If on the other side of your experiences with a more entrepreneurial concern, chances are that you learned to take a number of different hats. While primarily a PR-set capacity, you were asked, in training the sales team or support management of the site of the company. This kind of flexibility you can also be used in any newVenture.
Well that's not to say that is one of those situations to ensure success as CEO of the new company. It means that if, in a very compartmentallized surroundings were entrenched for many years, you have to confirm this factor in its decision on the nature and extent of the startup venture that you are too.
How big is the company may also get to?
Even if you plan to operate a business, who have now and for ever more likely, only a fewEmployees, then you need not worry about all that much about the growing pains that are inevitable as business blossoms. Far from being a panacea to see how a business grows, the management, which makes it run and needs to develop. Additional space must be purchased. More employees must be hired. Extra layers of supervision must be added. Who does not think that evolution is a tortuous and often painful process has never been goggle at the Natural Science Museum DinosaurBone. By anybody's standards, and dinosaurs were among the most successful creatures ever to have inhabited the planet Earth.
If your company does not wind up in the bone yard at some point in the future, you as a leader to anticipate and deal with the inevitable growing pains that all businesses have to go. You must be willing to put in many late nights ironing the details or Align the casinos, which increases appear inevitable as a company.
How badI really want to be boss?
Of course, none of the above mean a thing if you do not keep burning desire to own businesses. Take it from someone who in a series of start-ups involved. If you are only toying with the idea of starting a business or franchise, think again. While the financial reward to own a successful company can be as exciting as hitting the lottery, the blood, sweat and tears that come the business with the phase-out of the ground is onlyslightly less painful than the birth of a child. If you are not quite feel obligated to be at the head of a company and willing to sacrifice the need to give your business a competitive advantage, then I guess you already answered the question: "I have what it takes for the boss?
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