Five (5) Action Steps That Can Increase Your Chances of Business Startup Success

In February 2001, about 4 months after I gotto LEARN from the experiences I was having,
promoted out of my shift-based Brewer position,how to develop alternative ways to GROW my
to become the Guinness Nigeria Plc Benin Brewerybusiness, regardless of market place variations or
Technical Training & Development Manager, Ieven competition.
came to the conclusion that I needed toI actively subscribed to newsletters published by
fast-track my plans to quit paid employment andexperienced entrepreneurs (mostly foreign
start my own business.American) and I used my knowledge of my local
I had been plotting my exit from the companybusiness environment to adapt their ideas to
since 2 years before, in collaboration with a closework for me. Today, this has helped me reach a
friend and confidant of mine who - unlike me -point, where I can actually claim that I do not
worked in the Finance department. He knew ofhave any direct competitors in the markets I
my many frustrations with not being able tooperate in - boosting my ability to get hired and
pursue my passions - and especially my desire topaid profitably.
be free to explore new ideas I had.4. Find/use insightful tips that will eliminate trial and
In the process of preparing for my exit, havingerror from doing business: Again I did this by
made the final decision, I wrote out on the backreading widely, especially publications by other
of a computer printout, key steps I intended toentrepreneurs (e.g. Jeffery Meyer), and then
carryout to achieve my goal of succeeding inapplying their ideas, tweaking them where
starting up my own business. Recently, I stumblednecessary.
on that sheet of paper, and from reading throughBut I also experimented using my own ideas, and
looking back over the past 8 years, it occurred toover time have tested and found some of them
me that I had actually followed those steps toquite effective. One example: I find I am often
get this far.able to get clients to hire me readily, if I offer
I now reproduce that list below, with briefthem a barter exchange payment option of up to
explanations, in the hope that they might be of50% of my total fee; or by giving them a
some use to others who may be contemplatingdiscount if they agree to provide power supply,
doing something similar:Internet access on their premises for my work (a
1. Begin acquiring new knowledge/skills that willgreat saving for me in terms of time, effort and
facilitate turning my dreams of independence intocosts required to do them).
reality: I intensified researching possible types of5. Do noble deeds: As I continued my work, I
business ventures to start. I then attended,soon discovered that there were many people
where possible, relevant training seminars or talkswho needed help finding meaning/purpose in their
that provided needed information. Subsequently, Ilives. Following chance encounters with some of
tried as hard as possible to put into use what Isuch people, I realised that I could actually help
had learnt. For instance, I actually used my annualthem do so, by sharing my own experiences and
leave periods to try my hands at certain venturesdiscoveries.
on a micro scale (e.g T-Shirts transfer printing forSo, I decided to start writing - articles, reports,
sale)books - and speaking. Later on, it occurred to me
2. Remove my fear of getting started: I soughtthat I could use these same resources (my
out others who had quit paid employment towritten stuff) to market myself and the products
start their own businesses, and listened to theirservices I offered. That process led me to start
narrations of what it was like. I asked thememploying web marketing in my work. As the
questions about how I could go aboutopportunity presented itself, I shared what I
implementing my own plans. In certain cases Idiscovered from doing this, with others who
paid money to gain access to their knowledge andindicated interest.
insight via consultation sessions. What I learntFinal Words: As I said earlier, looking back, I have
from them, and from reading various booksactually carried out the above steps over the
publications by competent authors helped me buildyears, and I truly believe that the progress I have
reasonable confidence to continue.made today is due, in no small measure, to that.
3. Make my small business grow and prosper: ByTherefore, if you are planning to start out in
the time I had operated for the first year, thebusiness, the ideas offered above should hopefully
reality had dawned on me that it was not goingprove helpful.
to be an easy task. Over time, I forced myselfGood luck!