Why it is important to Consider Owning Your Own Business TODAY!

Do you know the % of Americans who are currently out of work?

Americans are clearly frustrated.   They expressed it  loud and clear on Election Day at the ballot box.

A very important question we must ask ourselves is, do the politicians have the answers that we are seeking?

I was interviewed by Dr. Boyce Watkins on The Importance of Owning Your Own Business.  At the tail end of the interview, I shared the need for us to empower ourselves. Entrepreneurship is just one way to do that.

Here some questions Dr. Boyce Watkins asked me.

What are some of the pitfalls of being an entrepreneur?

I think there are several pitfalls that can “trip” an entrepreneur.  One of the common reasons why entrepreneurs fail is not approaching their business like a business.   I know that should be common sense, BUT if you don’t have a plan and/or do your due diligence, then you are setting yourself up for failure.

If you are not sure where you are going, you’ll probably end up somewhere else!

Yogi Berra

How do you test if your business concept is a viable one?

You test your business concept by researching your industry, market (that includes getting an understanding of your customer,) and competition.  In addition, you have to engage with your potential customers to ensure that you have a clear understanding of what their needs and/or problems are.

If you can adequately address the needs or problems of your customer, then you have a viable business concept.

What are some simple steps that you can take if you want to start a business?

Understand your personal vision, business vision, do your research in regards industry, market, and competition, and create an action plan. Download a FREE e book if you want 7 Simple Steps to Start and Grow Your Business in 30 Days.

What are some financial resources for startups and existing entrepreneurs?

You can tap into saving, family and friends as a start.  These are by no means your only options to get capital.  In addition, you can use organizations like AccionUSA, Seedco, and the Small Business Development Centers.

I hope you enjoy the interview and feel empowered to know that there is no time like NOW to LIVE YOUR VISION!

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2 Responses to “Why it is important to Consider Owning Your Own Business TODAY!”

  1. S Maultsby says:

    Truly enjoyed the interview with Dr. Boyce Watkins. Thxs!

  2. ddouglas says:

    I am glad to hear you enjoyed it! Thanks so much for the feedback.

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