6 business lessons I wish I knew when I first started my business.
Hey pretty people! Long time no see... I know that's all on me and not you. Life has been ..well, life. You know how it goes.
Anyway, I'm so happy to see so many small businesses pop up, especially here locally in my city Houston. I know that is one good thing that is a result of the pandemic. People being at home, started to think outside the box, become more creative and many just took the leap of developing and starting that small business they've always dreamed about. So I want to share some things I've learned and wish I would have known when I started down this road of being a small business owner and entrepreneur. Keep reading for some great tips.
Do the work and flush out all the details before you share your biz idea with the public- I put this high on my list because sharing your aspirations with others will do one or two things- get you negative feedback or positive feedback. One can thwart your hopes and dampen your dream and the other can push you to continue or make you move before you are really ready. People may have good intentions but it doesn't mean they'll give you the correct best or even wanted advice. Make sure you are solid with a business plan and knowing what you want and know which steps to take or have taken those steps to begin.
Make sure you know all the local laws for your state. Get whatever business permits, DBA's and tax permits that you need to operate legally. Go to your local county municipal office, check online or call if you're not sure where to start or what you need. Doesn't hurt to ask other friends or entrepreneurs you trust for tips and how-to's.
Be prepared to put in the time. If you work a full time job during the day, be prepared to put in just as much work and hours into your business. If you want to be successful, you'll soon find that when 1 daytime job ends, after work at home, your business will need time from you, so prioritizing will need to become a great skillset! It will be hard and demanding, but it can be done. Think of your business as your baby- it needs nurturing, and you'll need to put in the time even on those days you are tired. But the payoff will be worth it.
Network, network, network! I can't stress this enough. You need to surround yourself with other like minded individuals. Go to those networking scenes, socials, and business parties. Put yourself out there. Follow other successful people on social media that may run a business similar to yours. It doesn't hurt to see how they market themselves and what events they are going to. The point is not to copy, but to study. And if you feel comfortable sending them a quick email, message or DM-go for it. I've reached out to a few and even got some responses to questions I asked! Pulling wisdom and insight is very needed when starting a business, everyone has to start somewhere. And guess what-even the most successful business didn't start that way or get there overnight. I guarantee you they had mentors, business coaches and did plenty of networking!
Don't be afraid of setbacks or failure- To me it's not a failure if you've tried an idea that didn't work the 1st time. You learn, go back to the drawing board, do some tweaking or a full re-do and you try again. Microsoft didn't get it right the 1st time around and neither did Steve Jobs. You have to cultivate your ideas, keep the ones that work, and let go the ones that don't.
Have fun! When what you no longer do brings you joy, fulfils a purpose or isn't the 1st thing you think about in the morning, then it just might not be your calling. Your business is a direct reflection of you-your style, ideas, aspirations and how you intend to leave your mark and indention in this world. It's apart of your legacy. Should it be work- yes it should, but it should also be fun and joyful. The day I wake up and I no longer what to think or look at jewelry & accessories will be the day I know something is terribly wrong and off. I absolutely love what I do and I only see up from here.
So go ahead and began. Life is short. Your business idea is needed. So feed that dream, think about it, pray about it and if you still can't get it out of your head-then take the steps to bring it into fruition! Just do it.
Until next time, stay pretty!