Jan 10, 2014

Having Humble Beginnings for Your Business

Most business owners have big plans for their business ventures and it’s interesting to note that many of the biggest companies in the modern era had humble beginnings, among them giants like Amazon and eBay.

Great companies with humble beginnings
Amazon and eBay are just two of many companies in recent times that started off small and are now household names, and not only in the countries in which they originated, but in many cases around the world.

Starbucks, the global coffee chain, was founded in 1971 with a $1350 investment on the part of three academics. Yes, that’s right, academics not business professionals, entrepreneurs or coffee plantation moguls, but three academics, an English teacher, a history teacher and a writer. Starbucks is now synonymous with coffee the world over so it goes to show that you don’t necessarily require a background in the industry/sector you’re interested in to enjoy global success in business.

Most people are familiar with the meteoric rise of Apple, now the world’s biggest and most powerful brand, and once again it’s a case of a company with humble beginnings – Apple began as a project in Steve Wozniack’ garage – conquering the world and setting the bar extremely high, so high in fact most companies don’t even bother trying to compete. Although the company has had more than its fair share of ups and downs, and Steve Jobs is no longer around, this is a pertinent example of how companies with humble beginnings can conquer, and change, the world. 

Don’t be afraid to pursue your goals
Whilst most start-up owners don’t possess dreams of world domination with their products and services – most know there’s no chance of them becoming the next Bill Gates or Steve Jobs because of the technological advancements that have already taken place – it’s still important to dream, to have goals and to not be afraid to pursue these dreams and goals whatever they may be.

As Richard Branson, one of the world’s most successful entrepreneurs, has said, “I believe in goals. It’s never a bad thing to have a dream. If something is really what you want to do, just do it. Whatever your goal.” This is advice that every start-up owner would do well to take note of because if you’re to achieve success in business, whatever your business might be, you have to have dreams and you have to have goals. Moreover, you must have confidence in yourself to actively pursue your goals.

Starting off small
There are actually a number of benefits to starting off as a small business, one that’s entirely your own and therefore one you’re in control of. This enables you to pursue your vision without interference from others and it provides you with the opportunity to pursue your own goals, not someone else’s.

Funding often proves problematic for start-up owners, and if you’re the owner/founder of a start-up and your business is yet to launch one of the best pieces of advice that can possibly be given, one you’ve no doubt heard before as it’s an timeless adage, is ‘don’t give up your day job’, at least not just yet.

Keeping your day job, or even part-time job, for as long as possible helps to provide your business with the funding required to hire serviced offices in Central London, access admin and business support when required and provide your start-up with a greater chance at surviving its first few years – a high percentage of start-ups fail within their first few years – which for most businesses, including the world’s most successful, have traditionally proven the most turbulent.
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