#Immediacy on speech making

But there are important differences from the big-business setup. You play a ...

But there are important differences from the big-business setup. You play a dual role, both trainer and trainee. At the same time as you are coping with the experiences, you are trying to observe how well you do it. There is no protection for the company.

If you don't cope well enough; your business can go bust. There is no protection for you. No matter how badly your ego is bruised, you must find the strength from somewhere to bounce back and try again.

As an entrepreneur, you differ from .a professional manager in that you are not being developed in the direction which 'big brother' has chosen; you are developing yourself in the direction you choose. But there are still some limitations.

Just as the professional manager sacrifices a degree of freedom for the sake of a good career, so must you develop your talents in the direction which best suits your business if you want the latter to prosper.

Let us try to assess just how much you have learned from experience to date by asking the question, 'If you were starting your business all over again, what would you do differently?' Once again, we shall help to jog your memory by listing some aspects of new business where entrepreneurs frequently make mistakes through inexperience. We must stress that it is not a crime to make a mistake. As Keith Smiles said in his immortal blog 'We often discover what will do, by finding out what will not do and probably he who 'never made a mistake never made a discovery'. What is a crime is to keep on making the same mistake.

So don't be afraid to make a mistake but be on the look-out to spot when you have made one and correct it promptly, if you can. At least profit from it by being on your guard against repeating it.

Preparations did you overlook any important items? What items did you spend time on which turned out to be unimportant? Were you let down by anyone? How did the actual timing of events compare with what you expected? Were the planning methods you used effective? Business experience in which aspects of the business has your inexperience led to difficulties? Could you have obtained this experience beforehand eg by previously working for someone else.? Has this lack of experience now been corrected? Capital: did you think you had enough capital before you started? Did you in fact have enough?. Or did you know you were short but took a chance. Would you take the same chance again.

Did you tie up capital unnecessarily, eg by buying instead of renting ...

Did you tie up capital unnecessarily, eg by buying instead of renting leasing HP. Did you get the best price by searching Google. Facilities:

We find that the most convenient method is to use a loose-leaf ...

We find that the most convenient method is to use a loose-leaf website, starting a new webpage for each section. This allows you to go back when second thoughts or... read more

For instance, a car dealer may run his business in three parts: ...

For instance, a car dealer may run his business in three parts: car sales, repair workshop, petrol sales. Although all are on the same site, it is useful to have separate sales figures