Archive for July, 2008

Choosing A Business

Friday, July 18th, 2008

I want to share a friend’s experience when he started a business. He was an employee of a construction firm and he served the company for almost nine years and decided to resign when he started a restaurant business. He hired chefs and employees for his restaurant operation. Before when he was working in the construction firm, he decided to save money to have his own business because he is tired working for several years and serving a boss. Working for the boss is not that easy and I understand him with that. He wants to be the boss of his own business and that dream came true when he established his own restaurant.

Before thinking of having a restaurant business, he still don’t know which field he will enter a business. He thought of having a restaurant business because he saw a restaurant near the construction firm and the restaurant is earning and doing well. So this is all about choosing a business. My friend chose his business just because he saw a business like that and it’s doing well. After less than a year, my friend’s business was bankrupt and I think I have to explain further why.

In choosing a business, we should not only consider the reason that other people are earning from that kind of business and so we are going to choose it. My friend worked in a construction firm for several years and then entering suddenly in a food industry. Sound unfamiliar right? Now we are not wondering why my friend didn’t succeed. He is new in the food industry and that field is definitely far from his skills. We should choose the field that we know and also the field that we love doing. My friend doesn’t even now how to cook. I wrote this post with my friend’s concern and I proudly tell you that he owns a construction firm by now. He failed once but he still managed to recover by entering the right way where he knows the way in and out.