The Freedom of Running your own Business

Opening your own business is seen by many as part of the American Dream. As an entrepreneur, how well you succeed often comes down to how hard you work. Your earnings potential is largely influenced by what you do and how you choose to run your concession business. In many entrepreneurial enterprises, you end up becoming married to your business and have no time to enjoy or experience life outside of work. In the concessions business, you get to set your own schedule and work at your own pace. You can choose to do as many or as few events as wanted or operate during as many or as few sporting events as you think are necessary. What can be a wonderful thing about being a concessionaire is that you are not relying on other people in your company to produce revenue for you and you do not have to operate on any standard work schedule. Depending on what geographical region you operate in, the concession season may be condensed into a period of three to five months. This means that you can spend the rest of the year pursuing other ventures or just enjoying life.

Don't Overlook The Concession Business

The concession business, in spite of being an industry worth billions of dollars, is often overlooked by many businessmen. However, if one chooses to invest some of his time in this field, and buying concession carts, he will be astonished to see that it not only ensures quick money, but also the business can be sustained for a long period of time as well.
The chief obstacle that one faces when he is willing to start a concession business is the requirement for investing a huge capital for purchasing the concession trailer, and also the stock and equipment.

Concession carts can be bought in numerous ways, but it is advisable that debts be avoided. There are ways by virtue of which concession carts can be bought for less than even half of the original price, instead of going to banks for loaning a lump sum amount, or selling equities in one's home.

One might also seek the advice of a few previous owners, whose tips regarding concession business and how to make optimal use of it can always come in handy.

Buying the proper concession cart for a reasonable price is however, the most important step when it comes to concession business. One might often find himself spending so much money on the concession cart, that he will have to cut down on the costs of stocks and equipments. Prior experiences suggest that one might want to buy a used concession cart worth half the original price so that he can start making profits pretty soon.

However, once the concession cart has been bought, that is from where the actual business takes off, and one must be able to get more and more customers for himself, since it is obvious that a concession cart with more customers will ensure a greater profit. Investors must thus be aware of this factor in order to succeed.

How to determine if your cut out for the task of owning your own business?

I have often been asked by aspiring entrepreneurs how they can determine if they are cut out for the task. While there is not really one answer that will fit everyone, in my opinion there are some characteristics that I think most entrepreneurs have and the basic requirements are usually the same.

If you are thinking about starting a business but you're still not sure that this is the right move for you then below I have listed some questions that you should ask yourself. This will help you determine if you are willing to make the sacrifices that may be necessary for you to move yourself in the right direction. Understanding your reasons and motivation for wanting to become an entrepreneur will help you see past the romantic notions of being self employed.

Now, don't worry! This is not a test, and no one will grade you so there's no right or wrong answers to the questions. The answers will vary based on the individual, their motives, ambitions, and their personal goals. The important thing to remember is they are just guidelines for you to use to self-evaluate your readiness. This information will play a crucial role in helping you to determine if you are capable of starting and operating a business and, most importantly, if the business you have chosen suites your abilities and needs.

Please take a few minutes to answer each question.

1. Why do you start your own business?
   
2. Do you have a business in mind that you would like to start?
   
3. Do you have a passion for the business you would like to start?
   
4. If so, why have you chosen this business?
   
5. Does your current job or career leave you feeling unfilled?
   
6. Does your desire to start your own business fulfill this need?
   
7. Do you have the skills that will be necessary to make this business venture successful?
   
8. By starting your own business, do you feel that your skills will be put to better use?
   
9. If necessary are you prepared to get additional training in order to operate your business?
   
10. Are you prepared for the physical and emotional demands that starting a business will put on you?
    
11. Are you prepared to put in long hours in order to make your business successful?
    
12. Do you work well under pressure and have the ability to take projects through to completion?
    
13. Are you good at planning, organizing and making decisions?
    
14. Do you have the support of your family and friends?
    
15. How will you support yourself while trying to get your business launched?

I realize that some of these questions may be tough but they are essential questions any budding entrepreneur must ask themselves. You want to be certain that you are not lacking in any skills that can make you a liability to your business.

It's important that you are honest and open with yourself when it comes to answering these questions. Use the information to help you follow through on your strengths and take action to improve on any of your weaknesses.

Doing so will prepare you to move forward into the market analysis and start-up planning phases of your business. All of this preparation will greatly increase the likelihood of you being successful in whatever endeavor you choose!