Everything Passes... Are you prepared for the Challenge?
So you want to start and operate your own home-based business.
Are you prepared for the challenge?
Operating your own business is more than just the basic startup
steps. A great business plan, startup capital and an outstanding
product or service can get you started. Your ability to weather
the storms of entrepreneurship is the real challenge. Riding the
business emotional roller coaster will test your mental and
physical strength. It seems that at one moment you are riding
the High wave of success and satisfaction and the next moment
you're being beat-up by the waves of discouragement and stress.
Are you prepared for the challenge?
I started my own business several years ago marketing a
financial software product that I personally developed for a
niche market. I had no competition and very low overhead. I sold
my software to an organization that had over 5000 divisions that
desperately needed the type of software that I had developed.
The perfect business model. Man, was I riding the High wave of
success and satisfaction!
Just when I had finally stabilized my software and established a
working relationship with the divisions of this organization the
tides changed. I was approached by an officer of the major
organization about participating in a joint venture with another
Software Company. Well, I really didn't have a good feeling
about this idea, but I agreed to discuss the possibilities.
The other Software Company basically wanted me to give them
rights to my software on a trial basic with a PROMISE that I
would be compensated if they were successful. Well I told them
what they could do with that deal and things started to
completely fall apart after that. I was told that I either
accept the deal or they would proceed without me. So I took the
hard stand and refused the deal and they proceeded without me.
I had just lost my gold mine. I was betting on them failing at
trying to develop a software program that they had no expertise.
Had I made the right decision? Now I'm being beat up by the wave
of discouragement and stress. And man was it stressful! I
struggled for the next 18 months trying to reload and
restructure my business.
Just when I had finally turned my business back around again, I
got news from one of my customers that the Software Company that
had taken away my gold mine went out of business. Hallelujah I
thought. Not only did I get my foot back in the door with my
original customer base, but I also picked up a ton of customers
from the Software Company that went out of business. Again, I'm
riding the High wave of success and satisfaction.
Are you prepared for the challenge?
Everything Passes