The Easy Part of Owning a Business

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Starting a business can seem incredibly scary! It’s especially hard if you’re already working a nine to five and have a limited amount of time to focus on the tasks you need to accomplish before you can make your first sale. However, if you were born to be an entrepreneur nothing can deter you from achieving your dream and offering the product or service you are passionate about.

Here are some tips to help you get started:

1.      Make the Jump!

If you aren’t happy in your current situation, there is no time like the present to change it. There will always be a never-ending list of excuses as to why now isn’t the right time. The truth is that the time will never be perfect, and the longer you wait, the more time you’re wasting. Change can only occur if you decide to make it happen. What are you waiting for? Make the jump!

2.      Choose your Passion.

What is it that you’re passionate about? If you hesitated in any way when answering this question, you need to do some serious soul searching to figure that out. Starting a business is hard work, and if you are not excited to get up and work your butt off every single day, you will not be successful. Listen to your intuition and choose your passion.

3.      Plan for Success and it will Materialize.

Planning is key to building a successful business. Unfortunately, most small business owners and entrepreneurs do a very poor job of it. A business plan provides clarity and focus and gives a reference to look at when you begin to lose your way. You don’t need to write a novel! A simple one-page plan focusing on your objectives, who you want to serve, and action steps to achieve your long-term goal is sufficient. Do this and success will always materialize.

4.      Manage Your Personal and Business Finances.

Most small business owners have their personal and business finances wrapped up all in one. You need to understand both as separate entities to be able to be effective. Often, an entrepreneur will be the sole investor, and understanding your personal finances is key to knowing what you can invest. Don’t fly blind, look at your finances on a regular basis.

5.      Networking Builds Sales.

Once you have basic infrastructure in place to support your first client, it is important to get the word out you’re open for business. While social media marketing is good…, nothing works quite like building a strong support network of other business professionals who can advocate for you and your business to their existing clients, vendors and other contacts. When you participate in a professional networking group, chamber of commerce or any other networking opportunities, remember to give more than you receive. Trust me, it will come back to you tenfold.

These steps are a small start towards becoming a successful business owner. Remember, when you’re not an expert in certain areas, it is best to defer and outsource to individuals who can help guide you in the right direction. If you are looking for advice, Say Bookkeeping offers free one-hour consultations either in-person at our South Beach office or over the phone. Feel free to call us at 786-292-9519 or email us at info@saybookkeeping.com if you would like to speak to an expert about your business.

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