"It's easy to be tempted to do what other people are doing". Find out 3 wrong reasons for starting a business - Women of Rubies

With the rate at which lots of businesses are packing up, we can not only blame the value of naira. One should also take it as a responsibility. What are the steps you have taken and didn't take at all to build such business?  What was your main aim in starting that business? Did you set goals to work towards for the business to succeed? Let's find out why we need to go into a successful business here.

"#MONDAYMOTIVATION |TALE ALIMI: 3 WRONG REASONS TO START A BUSINESS

I enjoy finding out the latest slangs or acronyms especially those that are business related, so that I would remain a ‘suave business coach’. One I have heard often recently is F.O.M.O which stands for Fear Of Missing Out. I also here a lot of people talking about getting their side gig, side hustle and grind going. It is quite popular to have something on the side these days (and yes I encouraged you to do this with my article; 3 reasons why you need a side gig.

These days, when I meet people who know that I am a business coach, they always talk to me about starting a business. I am happy to help as many as I can with the process, but the truth is; starting a business is not for everyone, especially when you want to start a business for the wrong reasons! If you want to start a side or main gig, that’s great as long as you have the right intentions and frame of mind. While you are thinking about it, here are 3 wrong reasons for starting a business:

To Get Rich Quickly

If you are looking to get rich fast or ‘hit’ some money, starting a business is not the way to go! On the average most business startups would take 2 years before they even break even, it took popular companies like Facebook 5 years before they started making money! So if you are looking for a way to make money or get rich quickly, starting a business might not be the way to go.

Because It is Popular

I spoke about F.O.M.O earlier and the truth is it’s easy to be tempted to do what other people are doing, but because something is popular, does not mean it is for you. You need to find out if you have what it takes to start and run a business. If you are not self-motivated and willing to be persistent, starting a business might not be for you!

Because You are Good at Something

Passion is one of the most tempting reasons to start a business and I totally encourage people to follow their passion, however I would just say do a proper self-evaluation to ensure you have or can acquire the skills to run a business.

#womenofrubies #biztip #mondaymotivation #biz"

SOURCE: WOMEN OF RUBIES