Before setting up a small-scale enterprise
Small-scale enterprise development is not for everyone, whether disabled or not, and needs a high level of discipline, dedication, persistence and creativity as well as a lot of work. The micro-entrepreneur must be capable of decision-making and have the ability to manage employees (if any) and accounts. Furthermore, small-scale enterprise development for persons with disabilities involves a multitude of additional challenges, which require specific attention and strategies. Before setting up a small-scale enterprise, it is necessary to:
- Deal with specific challenges
In any business venture, specific challenges need to be addressed. These include:
seed money physical location of the business venture construction or other physically demanding work management skills accounting skills marketing skills maintenance of equipment, machinery and premises.
In the case of persons with disabilities, their physical and mental capabilities have to be reviewed for suitability to the enterprise.
Ask these questions:
- What are my strengths?
- What are my weaknesses?
- How can I compensate for my weaknesses?
- What are my current personal needs?
- Who will be working with me?
- Choose the right business
The right business certainly varies from one person to another. Personal preferences, along with physical and mental capabilities are the main deciding factors. Nevertheless, the focus should be on market demand and its limitations to determine if the business can be successful.
A planned small-scale enterprise should be able to produce sufficient income to justify the time and energy invested in the venture. Family support also plays a major role in the selection of the business since a disabled person needs help in accomplishing certain tasks, especially during the start-up of the enterprise.
- Make a list of what you would like to do.
- Also make a list of what you are good at doing.
Go through the following steps to guide the choice of business:
· Start with what you like
® Remain realistic
· Investigate the market and its needs
® Try to be objective
· Review the competition
® Competition means a market
· Avoid saturated markets
® Look for opportunity
· Make sure you can do it yourself
® Hiring means spending money
· Consult with others
® Discretely, not to divulge ideas
· Discuss with your family
® Check impact on family