success or failure??

@zouna5 (566)
Greece
October 12, 2009 1:26pm CST
I always wanted to create my own "business"(an entairtainment place with billiards,computers,ps3...) with my husband ,but now it's time for planning.We do not have a penny in our pocket,but i think we will risk it...How?I do not have a clue!!!.........Money..........?????????? Now my question to you is if someone have risked for a better quality of life and what was the exsperience. success or failure???
2 people like this
7 responses
@ladym33 (11009)
• United States
12 Oct 09
Well obviously some succeed while others do not. Your best bet is to start out spending as little money as possible. Start out slow and then build your business up as the money comes in. If the money does not come in then it is obviously not wise to keep expanding. It is a hard economy right now so it is riskier than ever to start a new business. Perhaps you should take some time to save up more money, but if you really want to do it then you will do it. It is all about your own desire and what you are willing to risk, but it is a risk, but some risks pan out. No one can tell you weather or not if a risk will pan out or not, you just need to decide if it is worth the risk for you or not.
@zouna5 (566)
• Greece
12 Oct 09
thanks for your opinion.I think will take the risk,but with slow and logical steps..I want my life,not working all day for a small salary.AT least i will work for me and i will be with my husband and i believe to have some more money in future!!Thanks...
@paula27661 (15900)
• Australia
13 Oct 09
The only decision that I can think of which was a huge risk was my parents’ decision to emigrate from Italy to Australia without knowing a single soul there and with very little money. The decision paid off for us because we were able to make a better life here in Australia. Now that I am all grown up and have my own family I am aware of how huge the choice was for my folks to pack up their lives and come here without knowing what to expect or whether it would work out for us. Sometimes taking the plunge and risking it all is the way to go especially if you are running out of options!
@agv0419 (3030)
• Philippines
13 Oct 09
Sometimes you need to take the risk when you putting up a business. The return of investment is very slow at first but if you have hardwork and perseverance you can able to be successful in you chosen path. Start first in small capital I'm also planning to start a small business maybe next year because this year it is very difficult we are in crisis and calamities.
1 person likes this
@robert19ph (4586)
• Philippines
13 Oct 09
hello zouna5, putting a business of your own needs a lot of planning. you must be good at it to succeed. and most of all you yourself must the one who will manage it. this way, there is a bigger chance to success. i said so for we used to have a computer shop before and i can say that it was a good business. we're earning like more than 30k in peso a month and that was net. but since i was sent by the company to work abroad together with my family for two years we left our business to a relatives. the business we put did not run smoothly at once. till such time that we decided to sale the computers and close. it's good to have a business especially if we are the one to manage it. but if we don't, think a million times before starting it.
@ronz_27 (123)
• Philippines
13 Oct 09
In my mind, I always think about success in anything,lovelife,career,and in business. But sometimes there are some hindrances that we will incounter in lifes beyond. In staring business you must have first a plan of what kind of business you want to start.Then study if that kind of business is suitable of the particular place wherein you belong. If everthing has done you can proceed your planned business. And of course you must have a capital to start your business. Just start in little by little then after it just have and enventory about the income of your business if you gain profit through business thats the time to expand it.
• United States
13 Oct 09
I say go for it! The planning stage is where you should sit down and write a great business plan. Make sure you put all the detailed dreams you and your husband have into creating it. It will pay off when you approach a bank for a small business loan to kick off your business. Do your research and go network with those successful comparable businesses in your area to see what they do right and take that knowledge and add it to your business plan as you see fit. Of course and I think I've read this here, you cannot predict a businesses success or failure, but you can launch it with a solid foundation. Additionally, many people will never know if their dreams of becoming a successful business owner will ever come true, because they never take action, this is what separates you and your husband from the rest. Because it sounds like you want this very bad and you would do anything to make this business happen. I say good for you and your husband; I wish you both the very best with lots of success.
12 Oct 09
Well, success and failure are just the matter of times. People can always predict the future, but no one decides the future. Making your own business such you wrote above is one very great idea and I really do appreciate it. But again, it takes money before you get money. It's something like investment, isn't it ? You put some sum of money in hope that you will be getting it more than what you put. If you want to take a risk, just go for it. However, as many people say, we will never know until we try. =)
• United States
12 Oct 09
This subject is very interesting to me since I am thinking about embarking on my own business in the upcoming months. I don't know how you know for sure about success or failure. The lawfirm that I work for now has had success. I've been employed with them for 7 years. They were only in business 18 months before I joined them. So that was successful. They say that the 5 year mark is pretty much the make it or break it mark. I don't know about that. I know that there were a few years when I didn't think they would make it. But somehow they did. Now after that fear, I'm thinking about doing my own thing. I'm pretty scared about the hole idea, but I think I have a good idea. I think for your business, you have to determine location above all. You want to be at a place where people want to go drink, hang out and shoot pool. Some say it's not the right economic climate to start something like that, but there will always be an excuse in my opinion. Just make sure you can make your regular bills while doing this. It will take hard work. It will be hard to stay motivated. You will have some sleepless nights. Especially if you have employees that you are worried about paying. I know my bosses had that problem lots of times. They thought they couldn't keep that stress from me, but they pulled through and like I've said, I've been with them now for 7 years. So yes, their quality of life was on the line for a while but they stayed persistent and 9 years later they are still going strong. And I've kept my bills going too. There was never a time when their checks bounced, yet! LOL I hope that helps.