Over the years I’ve received some good advice from successful business owners, that I’d like to share with you:
· Keep Your Day Job – We know you’re excited about hitting the pavement and opening the doors to your own business. Your boss has gotten on your last nerve, you can do it better than anyone else out there. But let’s be practical. Consider your overhead costs, your current situation, finding staff, location, and a myriad of other administrative tasks that need to be done. Ease your way into your own business while working at your day job. Use your current paycheck to finance your new endeavor.
· Keep Your Overhead Low – Don’t rush out and lease office space until you have the income to support it. Try office sharing, use libraries for meetings. Have you heard of virtual workspaces and employees? Cut costs without cutting services.
· Find Your Niche and Stick With It – It might be slow going at first, but stick with it. If you’ve done your research, and have a passion for what you’re doing give it sometime. You don’t want to seem unfocused to consumers. Always remember BRANDING.
· Build Relationships – None of us are masters at all things. Meet people, network, and barter services. You will need an arsenal of people to make your dream a reality. Lawyers, accountants, plumbers, you name it. Build healthy relationships and keep in contact with those people. And remember to always return the favor.
· Be Specific With Your Goals – What are your 3, 5 and 10-year goals? Write them down. Visualize them, and stay on target. Monitor your progress and adjust as needed.
Ask some successful business owners their techniques for success. Find a mentor that will keep you on task and on target. There is always someone out there who is willing to help.