Michael Newman’s latest ‘e-Wealth Daily’ article is titled “Never Forget to Ask Yourself this Simple Question”. [‘Starting a Business’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

Never Forget to Ask Yourself this Simple Question

If you’re considering starting a new business, there’s a very important question you should ask yourself: why?

This is probably the most important question you can ask, and the answer will likely be able to foreshadow the success your business will experience.

How can there be so much power in one little question? Easy. Here’s how an honest answer to the question “why?” can show you whether or not you’re on the right path.

The question has a number of answers and can apply to a number of different areas, which is the main reason why it’s so significant. The question addresses what your motives are. Are you starting the business because you think it’ll make you rich, because you’re passionate about it, or both? If your answer is all about money, you may want to reconsider your decision.

Sounds crazy, right? It’s not. In order for an entrepreneur to have a successful start-up, especially when it’s your first venture, you need to be passionate. You’ll be working hard and pulling long hours to get your baby off the ground, so if you don’t love what you’re doing, you’ll be making life extremely difficult for yourself.

After all, it’s pretty difficult to stay motivated if you don’t really care about what you’re doing. As an entrepreneur, motivation is one of your most important qualities. It’s what keeps you moving when the going gets tough.

Next, you’ll want to answer the question while thinking about the potential success of the business. Is this a product that your target market needs? Would you buy one? Have people told you that your idea is great and they’d definitely buy what you’re selling? If the answer can’t offer positive answers to these questions, then you may need to go back to the drawing board.

You want to make sure that you and, most importantly others, believe in your product. You want to know that, when it’s ready, there will be customers waiting to buy it. If there is no indication that this business will make sales — or even worse, you don’t completely believe in it — you can almost guarantee you won’t experience the success you desire.

Before you get too involved in starting a business, be sure to have a clear understanding of why this business should come to fruition. It may take some work to get to that point, but at least you can be confident in your decision to proceed with a successful venture!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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