. You your self who are the one making decision about everything that going in your office. You have to decide your product, marketing and everything that related to your business. This total control of everything is the thing that drives more people to start their own business. However do you realize that this factor too that make new crazy entrepreneur? You have to make different type of decision everyday and before you finish the list new problem come up need solution that you have to find. To start a new small business you should understand that you will wear different hat everyday. You may start with one or two employees but you still will be the one man or women show in running your business. You may become maintenance boy, clerk to CEO. Are you ready to swift from one role to another everyday, no one will able to answer that question. You your self who know the answer.

The same thing, you have to prepare to your family and friend about your swift attitude. This is very important as your business will definitely give tremendous impact to your family and social live. You life will change dramatically. This change will give positive and negative impact to your family and friends. If your friend and family are supporting your action then your life will be easier and so for the other way around.

2. What is your Niche?

It is very important to identify the niche. One of the reason why many small businesses are failing because they could not identify precisely to what audience they targeted for. If you are major retailer then you may sell every things but those kind of business is require huge amount of capitol and resources that just not available to small business….to be continued in part III.