3 principles to create a smart business

Today many people dream of having their own businesses and many venture to do so despite the difficulties that this can mean. If you also want to have your own business, but you still do not have a clear idea of ​​the industry in which you want to locate it, look at this list of profitable businesses in Gananci for you to be inspired.

The reasons why people undertake are multiple, among them are:

-Have more control of your time

-Win better

-Do not depend on a boss or a third party to work

-More influence on decision-making

-Pursuing your dream by working on what you are passionate about

-Hiring people

-Grow professionally

-Challenge themselves

And many more reasons that in the end are totally personal and the motivations that make them people go out of their comfort zone in search of something better both for themselves and for those who surround-

But what many do not take into account is that it takes much more than good intentions, but certain elements that can make your enterprise emerge and you can obtain all those results to which you pointed in the beginning. On the other hand, a business of your own also has the ability to produce you the complete opposite of the things you wanted when you started it.

To prepare yourself for this and have the best chance of succeeding in your new adventure, see below. principles that you must take into account so that you can decide with a broader vision of what it means to have a business own self:

1.- Not everything is honey on flakes: Even if you are very prepared, you have read a lot, you have an extraordinary team that supports you and you know well what you are doing, things will happen over which you will have no control. This instead of frustrating or discouraging you should become a learning for the next times.

Theory is one thing, but the practice is totally different, so if something goes out of what you were hoping for, get over that hurdle and move on. Real life will give you an experience that you would not have been able to get from a book, or from other people's mouths.

It is also important that you keep in mind that this does not exempt you from preparing. When you do, the number of things you can prevent increases dramatically. If it is true that you will not be able to avoid absolutely all problems, but most of them can be avoided by being forewarned with the necessary information.

2.- You need a good product / service: When what you offer is of quality, it does not matter if there is a crisis or little market, your target will consume it. Of course, you need to have your ideal client very defined to offer them exactly what they like.

You may have an idea for a product or service that you consider incredible, but now think about your market. Why would I buy it? Your business idea must solve a problem or satisfy a specific need market, preferably not covered by anyone else.

This may seem complicated, but it is possible because you do not have to just go to the superficial. When you look deeper, going beyond the first layers, you may find needs in the market that you had no idea about.

On the other hand, you do not have to stay only with those needs that already exist, but you can also create them to make your product or service have a place. Innovation is the keyword.

The quality of your service / product and each of its characteristics will be determined by your target. If you want everyone to consume it, you cannot produce something whose price is higher than what the average can afford. If you want to target a target with a greater economic scope, you must offer something that demonstrates exclusivity so that it is attractive to them and many other examples could arise.

If when passing your idea through these filters you realize that it is not the best, do not give up and look for a way fix it, and if it really can't, look for new ideas that are more likely to success.

3.- Delegate or obtain passive income: if one of the objectives you have with your own business is to have greater flexibility in your schedule or to eliminate work as the aspect of your life that takes more hours of the day, you will need a business idea that adapts to this that you want.

To be a millionaire you must work very hard. This is true, but it is also true that hard work can be done intellectually, which will allow you to have more free time for other things that you like and need such as spending more time with your family, exercising, others.

If you open a business and your goals include both financial freedom and flexibility in the use of your time, you should learn to delegate and build successful work teams so that everything can continue smoothly even when you are physically absent.

If your business requires your permanent presence, instead of having obtained freedom, it makes you a slave to something that, although it is yours, keeps you tied and does not give you the opportunity to expand into other things, so it is necessary that you rethink the situation.

On the other hand, if on reflection you realize that it is more important to you to have freedom in your schedules, a very good option is investments that generate passive incomeThat is, as different books on financial matters recommend, put your money to work for you instead of you working for it.