Do you ever feel like you lack support when starting a new business?
Nobody seems to criticize you, but they always ask: WHY? There's already so much on the market, everyone's doing it, it'll be very hard for you to stand out. These are probably some of the questions that come your way when you mention thinking about opening something of your own, but why is that? Why can't we encounter support and help – even something as simple as liking our post on social media or mentioning you to someone? Unfortunately, almost everyone encounters this.
Here are 10 Things I Would Tell My Younger Self Before Starting a Business:
Just start, you don't need validation from anyone. Remember, this is an important point: nobody is you, so why should they make decisions for you?
If there's competition, great, it means there's demand for the product or service. What can I do to make mine different, better, and unique?
Conduct thorough market research before investing even a pound. It'll save you a lot of time and money.
Be yourself and don't try to imitate other companies. Yes, you can draw inspiration from them, but create something of your own that you can identify with.
Remember, you're not your customer. It's my business, and I have to identify with it, but I'm not the customer.? Yes, decisions must be aimed at the target audience, not yourself. That's how successful companies operate. Why? Because you'll only see everything from one perspective, and you don't want that. Always ask, check, and analyze the market.
Take a public speaking course. Yes, I know, many people, including me, don't really want to or like speaking to groups or cameras, but trust me, you'll need it.
Never stop learning and resting on your laurels. If you've achieved something you set out to do, great, now it's time for development and bigger challenges.
Learn the basics of money management. It's very important when setting prices for products, time spent on production, shipping costs, etc. After all, we don't want to run a business that loses money and doesn't make any. Remember, you're running a Business not a charity.
If something needs to be done and you can't do it, pay someone. You'll never learn everything, and even if you do, running a business will be burdensome because you won't be able to focus on anything else.
Plan time for breaks, vacations, and walks (exercises). Life as a business owner is tough, but it'll be even tougher if you burn out before achieving anything.
And remember, everything takes time and lasts longer than you'd like, so be patient. After all, if it were easy, everyone would be doing it.
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