Do you really wants to own a business

Several decades ago, English poet and essayist Alexander P. observed, "Hope springs forever in the human breast." He wasn't referring to those who were expanding or creating businesses, but he could have been everyone who starts their own business aims to achieve or exceed a set of personal objectives. While your setup is bound to be unique, you might agree with some of the suggestions I've accumulated over the years after speaking with hundreds of aspiring entrepreneurs.

Independence
Many entrepreneurs are motivated by a desire for freedom and Independence.

Personal satisfaction
Owning a business is a truly rewarding experience for many people, one that lifetime employees will never have.

Change your lifestyle.
Many people discover that while they can earn a nice living working for others, they are losing out on some of life's most memorable moments. With the freedom that comes with owning a small business, you can take time to smell the roses.

Respect
Small business owners who succeed are valued by their peers and by themselves Money.
A little firm can make you wealthy, or at the very least make you very wealthy. The majority of entrepreneurs do not become wealthy, but a few do. Admit it if money motivates you.

Power.
You can have your staff do things your way when it's your company. We all have a little Ghengis Khan inside us, therefore don't be surprised if power is one of your objectives. If that's the case, consider how you may put this aim to good use.

Right living conditions.
Many cause driven small businesses have prospered by doing good, from natural foods to solar power to a variety of service firms. It's no surprise that so many people create small businesses if they can help them achieve these objectives.
Unfortunately, although huge success is possible, so are numerous risks. Running a small business may require you to forego some immediate gratification in exchange for long-term gains. It's difficult, demanding work that necessitates a wide range of abilities that few individuals are born with. Even if you have (or will soon have) the talents and determination required to run a successful business, your company will require one more important ingredient: money.
Money is required to start a business, to keep it functioning, and to help it develop. This is not the same as claiming that you can be certain of your success.
If you start with a fat pocketbook, you can start a little business.
Now, I'll admit to one huge bias here.
Most small business owners and founders, in my opinion, would be better off beginning small and borrowing or raising as little money as possible. To put it another way, "raising plenty of funds to ensure success" does not exist. You may go broke and spend more than you need to unless you, as a potential business founder, learn to get the most mileage out of every dollar. However, this does not imply that you should try to save money by selling low-cost goods or delivering subpar services. Your customers want the best from you in today's competitive environment at the best possible pricing they'll remember the quality of what you give them long after you've finished. Simply put, I've learned that no business, regardless of its financial strength, is likely to succeed unless you, as the prospective owner, make two critical decisions:
• You must honestly assess yourself to determine whether you have the skills and personality required to succeed in a small business; and
• You must select the appropriate business.

Your Strengths and Weaknesses
Make a list of your personal and professional strengths and weaknesses. Include anything that comes to mind, even if it appears to be unrelated to your business. For example, mastery of a pastime, favorable personality features, sexual charisma, and certain business talents could all be considered strong points. Take your time and be generous with your time.

Your Business Plan for Sale
How to Get the Money You Want
You're ready to use your company plan as part of your funding campaign once it's been polished to perfection. If you haven't previously done so, decide where you'd like to receive the money you require. You should decide whether you want to borrow money from a bank or an investor. Prior to making phone calls and scheduling appointments, Consider a few preliminary considerations. Whether you like it or not, you've become a salesperson. Your job is to market your strategy. Don't let this discourage you, even if you've had a bad experience with selling.
There are numerous effective sales techniques, the majority of which rely on a good product and an honest, simple presentation. I can't tell you how to pitch yourself or your idea exactly, but I can provide some thoughts.

Appointment Phone Number
When making the call, keep it short and sweet; all you want to do is set up a personal meeting to go over all the details and ask for the money. Read the sample telephone script below if you're not sure what to say. You can customize it to fit your preferences and requirements.
Antoinette is my name. What's new with you today? How is your family? Jack, say anything. I'm calling because I have a wonderful idea for a new business and would like to meet with you to present my business plan and get your feedback. "Can we meet in your office on Thursday early next week?" Oh, before we meet, you'd like to hear a little more about my views." (If he/she's nervous, Mr A. can read her list of reasons to explain why she wants to launch her business.)
"Well, Jack, I'm delighted you like my suggestions."
(Before discussing the loan, she makes an appointment with Jack.) If she can meet with him in person, she will postpone discussing money until then.) What about the following Thursday? Oh, how much cash do I require? I require a substantial loan that I can repay in three years. So we can meet in your office on Thursday morning next week? Good. I'll see you in the morning at 10:00 a.m. "Goodbye, Jack."

Meet Your Supporters
Arrive on time and prepared to respond to any inquiries that may arise. Then let your natural passion assist you in completely explaining your business concept. The meeting's primary goal is for you to answer all of the questions. If you can't answer a question right now, vow to look up the information instead.
Then, as soon as possible, write the phone information, or visit with the information.
Discuss how the investment will benefit your prospect, bankers for example, want to know that their loan will be well-secured and easily repaid.
Your relatives on the other hand, may be motivated by family unity and the prestige of a family-owned firm, as well as the potential for a profitable investment.
Your backer wants to have a positive impression of you and your project. Your backer wants to share your enthusiasm as well. So, in addition to presenting a good financial strategy to a possible lender or investor, make sure He understands what excites you about the project.

Request the Funds
One piece of crucial advise for meeting with your backers: You must request the funds. Don't make the typical error of discussing your goal in broad terms and then walking out the door saying "Thank you."
You must ask the possible source of cash if he will invest in your enterprise or lend you the money as part of every presentation. "Thank you for listening to my business," say it again plan. Will you invest or lend me the funds I require to get started?"
If you're turned down, don't slink away in a puddle of embarrassed perspiration with your tail between your legs ask why. The reasons why someone refuses to help you fund your business may be more useful to you than the money.

Leave Your Strategy With Your Supporter
After you've visited with your possible investor, give her a copy of the business plan. If at all possible, avoid sending copies or summaries of your business plan to people before your meeting. Without your personality and energy, your presentation suffers greatly. It is also advisable to Keep track of who gets which copy of your plan by numbering each copy. That way, you'll remember to contact everyone.
You must also keep track of who receives the plans if you are selling stock in a private offering.

Aftercare
Call all of your possible backers after a week or ten days to see if they have any questions. If they do, you can either call them or schedule a meeting with them. Remember to request the funds you require.
You've probably already decided how to approach different backers who to approach for a loan or investment initially. For instance, you might approach your father first, then the Bank and finally the Small Business Administration.

Here are some ideas for approaching different categories of backers:
Friends and relatives, supporters, banks, and business owners are all those who can help.
When borrowing money from friends or family, the first rule is to be sure they can afford to lend it to you as well as your ability to repay it.
Anyone who works with small business financing can tell you horror stories about business owners who had to cope with both their company's demise and a slew of enraged relatives. Simply put, it's not enjoyable.