What if you had a perfect business? What would you be able to do then? Everyone has a different definition of perfection so it is never going to be the same for all but there are a number of things to consider when starting out a business. Below are some of the things I have thought about when setting up my current business.
It’s not all about the money
A business has to be more than just a way of earning money. To make it perfect, I think money has to come secondary or be a by-product of what you actually love doing. When you are passionate about something and then you turn it into a business then for sure it has the potential of becoming a perfect business. The passion is what will keep you driven and focused.
When considering what type of business to run one of the major factor that needs to be considered is the lifestyle brings with it. Will the business give you the freedom you require or will it take away every ounce of free time you have got left? If you are like me and love to travel, would your business permit that? The choice of lifestyle in business is really important to me and that’s why I have a soft spot for online businesses as they provide a great deal of freedom.
Mobile and Automated
Coming from an engineering background I simply adore mobility and automation. It makes life so much easier and gets heaps of things done. By mobility, I mean that you should be able to run and control your business from no matter where you are or what time it is. This ties in with the ability to achieve a desired lifestyle. Automation plays a big role in reoccurring and menial tasks, the biggest advantage comes in the time saved and efficiency.
Always plan for the future. Consider how you are going to increase your business (even if you haven’t started) and how that will work out in your current plan. Create systems (automated if possible) and processes around the business tasks and repeat them to further grow and expand. Also start out with resources that are easily expandable/upgradable and make sure they don’t become the Achilles’ heal to your business.
What else do you think should be considered to create a perfect business?