Don’t Start A Business Until You Read This

Photo by Christina @ wocintechchat.com on Unsplash

1. Develop a powerful message

What customer problem are you solving that potential customers are willing to pay for? This is often called the value proposition.

2. Focus on the customer and fully understand the market

There are many examples of companies that do not have the best product/service or are not first to market, yet are very successful because they have mastered online marketing and sales.

3. Start small and grow

If possible, self-fund your business idea and then go for funding when you can create a growth story. This might cause you to break up your product/service offering into smaller pieces so you can fund the early stages and get some traction and experience.

4. Understand your own strengths, skills, and time available

When running a business, know when you need to engage an accountant, lawyer, insurance agent, marketing specialist, web page designer, or other professional. This will start your management process as a business owner.

5. Surround yourself with advisors and mentors

Launching and growing a business is difficult, and more than half will fail within 5 years.

6. Get a mentor

If you’re not sure where to find a mentor, SCORE is a great place to start. SCORE mentors are free — just visit www.SCORE.org to find a face-to-face mentor near you or a mentor to contact via email or Skype.

7. Write a business plan

Starting a business is difficult and risky; it’s easy to spend all your time and resources at it. Before you start, figure out what type of business you will have. Will it be a sole proprietorship, partnership, corporation or LLC? Then put together your plan.

8. Know your numbers

Have a good grasp on the numbers that tell you how your business is doing and what you can expect. These include your start-up costs, sales, projected profits, cash flow, and much more, depending on the nature of your business and how you define success.

9. Understand there are no entitlements

Don’t underestimate this one: You will work hard for all your achievements.

10. Have a passion for what you are doing

Being a business founder can be very lonely and there are not enough hours in the day to accomplish everything.

When in doubt, don’t go it alone

Just because you’re taking your ideas and turning them into reality doesn’t mean you need to figure everything out on your own. There are plenty of online marketing tools available to make your job as a small business owner easier. But tools aren’t everything.

  1. Never have a relax time because you need to grow your business and keep going, you can’t do it like a job. You cannot take day off.
  2. Flexible? I was so flexible that I didn’t have time to work, from opening the eyes, until closing the eyes, the contents of work.
  3. so don’t overtime? not overtime anymore guys, but dawn meet at dawn work.
  4. No Pressure? The reality is the pressure is getting heavier, a lot of people are living from our business, if we just don’t bother, what do they want to eat?

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Darwin Limz

Darwin Limz

My writing is about My life journey from miserable to Significant. I hope my unique story inspires, educate & informs others! Entrepreneur, Sales Expert, Actor