Joined: 23 Jun 2009
|Posted: Tue Jun 23, 2009 8:26 am Post subject: 10 Tips for Starting Your Own Business
|Here are 10 tips for starting your own business:
1. figure out what you're interested in as it's best to stick to something you enjoy
2. write down what your skills are and be realistic and kind to yourself
3. look at the gaps and similarities between your skills and interests so you can start to define a learning program - this could mean getting a how to start a small business book in (insert your country), attending some evening college classes - maybe on computer skills, marketing skills etc.
4. start researching the fields you're interested in so you can improve your knowledge of the field and industry.
5. start a blog so you can get some hands on experience in the field - post regularly, tweak and improve to get better traffic, learn some of the technical skills needed for a website.
6. include some advertising on the blog so you can earn some income from the site - feature other businesses in the field of your interest as well as using Google ads and affiliate programs to earn money.
7. you can sell product from the blog as well so if you want to carry stock then that's possible too. Products can be physcial items like clothes that can only be sold once and then another made or bourght, as well as intellectual property that can be made once and sold many times like e-books.
8. be sensible with how you spend your money. If an online offer is in the $1,000's think twice as you'll often be able to learn the same details in a much cheaper way. You need to invest in your education but you need also to make money. Let hype be hype and get on with the real business.
9. figure out how much time a week you want to give to this project and what financial returns you expect from it and when. If you were joining Avon you'd figure out what was the average party sales, the average return to you for the sales, how many orders per week you'd need for the average returns to be worthwhile. Use the same common sense here.
10. a business coach is a great investment to make for yourself and your business. A good business coach will help you focus on what works, avoid common mistakes, help with good contacts, let you clear your thoughts, see the bigger picture and help you do the work that's needed to create the success you want.
I love having my businesses but have come to see that it doesn't suit everyone. Many are better suited to be employees and that's a better life for them. For me I need to have my own business. It's isn't the easiest option but I love it.
Be ready to learn, to be open to ideas, different people, new opportunities and to grow.
Watch out for MLM schemes, expensive courses and offers that are too good to be true.
Consistency in effort makes the most difference over time that doing one big thing so stick to it and you'll make your dreams come true.
What's your tips to someone starting a business?
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