Old sayings and other bits of Spec-Loc wisdom & thoughts......
1/ No one ever made any money working for someone else.
1a/ BUT also remember those who make most money are those who can employ others to do their work for them!!!!!!!!!!!
2/ Times of recession & hardship are just as good to start a business as boom times....
If you read up on a lot of business gurus you will find that many very successful companies started during times of recession and hardship..
Basically because other business are failing & closing so new business can
seize on the opportunities left where these business failed..
Remember many business fail due to cash flow and because their business have not been fine tuned for changing economic climate....
not necessary because no work out there.
3/ Boom times can be just as difficult to start up because of just as many fly-by-nights jumping on the bandwagon as work seams easy and an abundance.... consider the "Dot.Com" boom & crash every Tom Dick & Harry starting up all over the place.
4/ Successful business are those that apply a sound business model e.g. don't do work for nothing on the hope of promised work later...
free or low priced jobs for non-materialising "promised work" general work out at a loss.
5/ Cheapest doesn't always get the job... Quality, value overall service experience can often be the key...
6/ Most small businesses that fail, do fail within the first 5 years!
if you get into the 6th year you are probably doing something right & have built up a reasonable customer base.
7/ Self employment is Bl00dy hard work... if you want it easy DON'T DO IT!!!
especially the first 5 years building your business (see point 6)
8/ Even if start up businesses fail, many people do not regret "Having-A-Go"
But people with a yearning for self employment who never try it can live in regret saying I wish I had tried this when I was younger!
9/ You have got to do your homework before taking the plunge...
working out what bits you can do yourself & what bits you need others to assist you with..
e.g. bookkeeping & accounts are an area that many overlook... Its NOT just the actual job itself....
10/ Admin & paperwork can take up one hell of a lot of time if you do not manage yourself properly!
11/ DO
NOT FORGET THE TAX MAN!!!!!!!!!!!! :_| :_| :_|
do so at your own peril!!!
12/ My brain is now empty..... can I go and have a Wee Wee?
:Blushing :innocent
:run
