Starting a business can be difficult but rewarding. There are many pathways and steps in-between launching a new business and it is challenging but that doesn’t mean it cannot be accomplished. It all begins with a good idea, preferably an excellent one or perhaps even a new one.
Many people will start the process with writing business plans, pitching to investors, and eventually launching a full-forced business that began with a pre-existing plan. Others, like myself, found themselves starting a business by consistently doing something they naturally liked to do. One day I was giving my all to my craft, with little to no money, and then eventually I was on my way to becoming the head of a small enterprise. Whether you are a natural business savvy person, or you’re like me, a dreamer, here are a few tips that I have found beneficial along the way.
Focus on executing what you love to do, the “why” part of the business.
In my career, I discovered that sticking to what I loved to do was worth the same amount of payoff, if not more, than constantly hunting for a good job. Sometimes, climbing the corporate ladder can be rather slow so I always encourage people to choose a skill in a niche industry and from there we can then start to design a business.
Attain professional core qualities: values, commitment, and good judgment.
As your business develops and grows, you need to develop and grow along with it. During the first stages of launching a new business, having those core professional qualities within will make a key difference. Be ready for hard work, long hours, small rejections and financial investments until you find yourself in the groove of things. However, if you are in-sync with the business values, will strongly commit and can make good judgment calls, operating the business will become that much smoother.
Strategically build a solid team.
Instead of letting filing and submitting paperwork take up all my time, eventually, I found a good, solid team. While there are many government resources available for small business owners, I recommend surrounding yourself with one good attorney and business advisor. Looking back, I could have avoided a lot of costly mistakes if I had an advisor during the early stages of starting out.
The most rewarding thing about creating a business is that it granted me the ability to make my own decisions and to oversee many aspects of my life; even with the journey being challenging, I would do it all over again. Creating my business was worth going through the process of first trying, failing, trying again and repeating because success was found along the way. If you’re someone with an idea, give it a try.
