Thinking about starting a business?

Are you thinking about starting a business of your own? Have you recently started one or are you looking to grow? Then you will be looking forward to an exciting and rewarding time but also one that is full of challenges.

The success of your business will partly depend on your commitment, attitude and skills. Your drive and perseverance will be important in transforming your business idea into reality, especially during the start-up period.

To get an idea of what is involved in running your own business talk to people who have started their own business, they are the best ones to give you an idea of what is ahead of you. If you do not know anyone, ask the Sharakah Team to put you in touch with someone who has been through the start-up experience. They will be happy to help.

Starting a business is a major event in one’s life and will require hard work and long hours, especially in the early stages. Do not underestimate the demands it will make on you physically and emotionally. Keep your family and friends informed about what your plans are, you will need their support.

Most new businesses go through periods of financial uncertainty. Be prepared for these. If you have been working for a company or government organization, you will have to get used to the loss of paid holidays and sick leave. You will be your own boss, something that can be a very satisfying experience but also a lonely one at times. Make sure you develop a network of contacts to share your experiences and ideas with. If you are not sure where to start with this, then ask the Sharakah Team for introductions to other entrepreneurs.