Have you ever wanted to be your own boss? If so, then it is time to stop dreaming and to start taking action. According to David Kerr III, there are plenty of opportunities out there to start your own business. This could be anything from a corner shop to an online community. You do, however, have to plan and prepare.

David Kerr III on How to Start a Business

First of all, you have to have the right mindset. Your business will be a direct reflection of you are and how you think. Hence, unless you are positive and willing to work hard, your business won’t get anywhere.

Besides having the right attitude, you also need an idea. Pretty much everything you can think of is now available, particularly with the internet being everywhere. Hence, you have to think about something unique. Or, if you want to compete with what is already out there, you cannot make a single mistake.

How to Find Your Niche

You have to remember that you are the heart and soul of your business. Hence, finding your niche is about knowing yourself. Sit down and write an honest list about all your strengths and weaknesses. Be detailed in that, as this is probably where you will find your business idea. It means being brutally honest with yourself, however, and many find that quite difficult. If you can, speak to other people about it as well. How they see you might be very different from how you see yourself. They can also give you some real insights into your strengths and weaknesses.

Next, think about your personal behaviors and values. Consider how you respond to other people’s expectations. Think about what your role is within your social circle and take responsibility for that: if you’re not happy, then change it. It is likely that you have habits, or recurring behavior patterns, and they may not work in your favor.

You also need to consider how you respond to difficult situations. Think back to the last time you failed, and how that made you feel. Consider how well you can handle criticism. Remember that owning a business almost automatically means you will attract complaints, and you have to be able to deal with those. This is down to understanding – and if necessary also changing – your personal attitude.

Unfortunately, not even a solid and successful entrepreneur like David Kerr III can tell you what your new business should be. He can, however, tell you how you can uncover your own niche, while at the same time learning a lot about yourself. In so doing, you will also greatly increase your confidence in yourself and no business will ever be successful unless you are confident that it will be. Self-confidence, persistence, patience, and a healthy dosage of luck are all needed in order to set up your own business and make it a success. But mainly, you have to believe that you can do it, or you will never get there.