Updated: Mar 12, 2021
The pandemic has caused many people to think about their careers. From where they would like to work, which company they would like to work for, and even taking the opportunity to start a business or a startup. Starting a business is a huge undertaking, requiring time, heart, effort and money. Unfortunately, this career is not for everyone. Yet for those that are willing to devote themselves to the task, there are things to be done and considerations to make before you take the plunge.
Be honest about your Strengths and Weaknesses
Evaluating yourself fully and understanding your own strengths and weaknesses can help you plan for the future of your business. Focus on your strengths and try to improve or compensate for your weaknesses.
A hot button phrase in business these days is ‘Networking’. From online forums to conferences, everyone is doing it – and it is no wonder why. The proper connections and a good word here or there can increase your exposure, your opportunities and your profit margin. Create that profile on LinkedIn’, research local Business conferences, make cold calls to other Entrepreneurs – just get your name out there, and start forming connections.
Learn to Sell
Business is all about the sale – both of your product and yourself. Learning to sell is a critical skill that will set the foundation of your success. There are many great courses and articles out there aimed at bringing out the inner salesman, including this insightful one from Business Insider. If you are poor at sales, take a class, read articles, check out books – whatever you have to do to improve.
Become a Self-Starter
Of all the aspects of running your own business, self-management is the most important. If you cannot set your own schedule, and keep it, then you will not be able to manage a business. From getting up in the morning to arranging client meetings, it is all up to you – and you MUST become a self-starter if you want to succeed.
Tips to become a Self-Starter
Banish Procrastination (this may mean setting your phone down)
Stay ahead of deadlines – do not wait till the last minute to finish that project, work a little bit on it every day and you will finish before its due.
Break things down into small, achievable tasks – every large project can be divided into smaller tasks. Instead of thinking, “I need to finish this proposal by Friday!” alter that line of thought into, “If I write out 1 page or thought a day, I will be done by Thursday.”
Building a business takes money. You may acquire loans and investments, yet you are also going to have to back much of your side venture with your own money. Saving money is also important for the times when those commissions or contracts do not meet the monthly bills.
Become your own Cheerleader
You are the only one that knows what you truly want to succeed in life – and you are the only one that can get you there. It is up to you to create the excitement and motivation you need to step onto that path. YOU are the one that needs to look into the mirror and tell yourself, “I can do this. I AM doing this.”
There is nothing more exciting than pursuing your own business idea. It is also very frightening but if you are ready to "jump", you should jump. It won't be a smooth landing. You will get beat up and scared and land funny, but you will land. If it doesn't work out at least you'll know you tried.
For more information about my upcoming book or getting future articles sent directly to your inbox, please subscribe to my blog by clicking here.