Self-made, entrepreneur, business woman, boss lady, founder, creator, etc. Whatever you call it, this group of people is on the rise, especially with all of the job insecurity in today’s economy. More and more people have gotten frustrated with working on someone else’s terms, which is why it makes sense now more than ever to start your own business.
It may feel counter-intuitive to take a risk when things seem so risky and fragile, but actually there are a lot of reasons why it could be a good idea. In fact, some of the most successful companies (think: IBM, Disney, FedEx, Trader Joes, etc.) were launched in a recession.
It all comes down to your ability to take advantage of opportunities and meet the needs of your customers. All of those years ago, I never thought I would make it this far, and I certainly wasn’t even sure if I could do this full-time. But, all these years in, and I’ve really worked hard at making my business successful, which is why I want to share my tips for starting your own business. Along the way, I’ve learned so many things about what to do, what not to do, and how to weather the inevitable storms that come with running your own business.
Don’t let this time prevent you from following your dreams, and maybe reconsider if you think this is a bad year. Here are my 4 tips for starting your own business:
One Step at a Time
A big way you can fail at first is by trying to bite off more than you can chew. When you’re first starting out, it’s so easy to get overwhelmed, trying to manage all the different aspects of the business. But, don’t feel like you have to master it all at once. Instead, pick the few things that are most critical to your businesses’ success, and do those consistently until you have a routine that you can manage.
When you’re starting a business, you don’t need to have your concept, social media, marketing, and finances all under control. Yes, you do need to have a few of those things, but others can fall to the wayside until you really master the most important aspects.
Slow down, make a list of what needs to be done, and work from there. Set goals for yourself on a weekly and monthly basis and make sure that you’re following through with each one.
Establish a Routine
One of the best and coolest things about starting your own business is that you get to do what you want, when you want. There’s no one there to tell you what to do… which can also be a bad thing if you’re not careful. Make sure to get up and get ready to put yourself in the right mindset to tackle the day.
Figure out what hours work with your schedule as well as the times that your brain is at its best. Whether those hours are 7am or 7pm, carve out time in your day to make sure that every day, no matter what, you are still getting work done.
Keep an Open Mind
No matter how successful you become in your business, there’s always lots to learn. You will never completely have it all figured out, so be open to the fact that everyone has something to teach you. Even people who have been in the business less time than you have some type of wisdom to offer, even if it’s just to give you a reminder about what not to do. The most successful people are those who are always aware that they still have a long ways to go. Also, things are always changing, so even if you think you’ve mastered something, it’s bound to change sometime soon anyways.
This rule works both ways as well — don’t get caught up on feeling like you need to “know” everything about your business 2, 3, 6, or 12 months down the line. If you feel like you’re not knowledgable enough, take time to educate yourself on certain topics by reading and researching from other professionals. Google search and YouTube are invaluable to you in your climb to success, and you’re never too experienced to go back and research the basics for a little boost.
Find a Mentor
They may not be easy to find, but having a mentor will be extremely valuable to you in your entrepreneurial career. They’ve been there and seen it all, which means they have lots to teach you when it comes to tips and tricks for making it in your industry.
Now, a mentor doesn’t have to be someone that you can meet up with for coffee on a weekly basis. There is SO much amazing content out there in the form of books, podcasts, and videos, and these “experts” are often making themselves available in many different ways. Seek out people who you can learn from and be open to hearing opinions that may be different from yours. This is returning to that mentality that everyone has something to teach you.
Overall, there’s no time like the present to consider starting your own business. With the right amount of hard work and courage, put your dreams into action and start to carve out what you want your future look like. It’s completely in your power!