It seems like the only time you hear about a small business is when something goes wrong. There are plenty of stories out there as to why someone didn’t make it, and when you are thinking about launching your own small business, it is often difficult to look past these cautionary tales and believe that you will somehow be the exception.
However, you wouldn’t have to be the exception to see your small business succeed. Although a number of small businesses are unsuccessful, others do succeed. With the right combination of factors, a start-up can succeed.
Here are a few examples of small business stories that should inspire you to take a risk and see what you can do:
- Who says that you need to have years of experience in a certain background to be successful on your own in that area? There is a success story about the launching of a popular bar in Atlanta. A teacher who always worked in restaurants part-time to supplement her salary thought she could run her own bar just as well as the competition around town, and took a risk and opened up her own restaurant over summer break. By the time the first day of school came around, her bar was thriving. Five years later, that now former teacher has opened up her second restaurant, and is considered a local entrepreneur worth knowing.
- Being a “Jack of all trades” doesn’t necessarily mean you have to be an “ace of none,” either. One small business owner in South Carolina found that his diverse background actually made him a perfect candidate for marketing tasks, and launched a web-based internet marketing firm that specializes in connecting prospective patients with the best doctor for their needs. He and his wife quit their jobs as nurses and started working with doctors they’d met over the years to bring their business from something they did part time at home to a full scale operation with an office and a room full of employees.
Success in small business all depends on the goal that you make for yourself. Your small business can be something you do part time, or something that redefines your career. One important factor that will make your small business succeed is the determination you have to see your goals all the way through. By staying focused on the way you approach your business, you may find that you can do everything you’ve set your mind to. Make your next move with Georgia College’s online MBA. Learn more about the benefits of an MBA here.