7 Things To Know Before Starting Your Business

12:11:00 PM

You have to start, period.

Starting it is the key! Even if you can just initiate your idea by buying your website or domain name, it’s something done and a task complete. Something! Anything is better than nothing. Make the small moves first and build momentum and motivation from there.

It can never start perfectly

7 Things To Know Before Starting Your Business
I’m now in my life where I own multiple businesses. Some I start from nothing, and some I buy from other companies and individuals with the hopes of expanding where they could not. I’ve never in my life had something that was perfect at the time of acquisition or starting point. The last business I own was purchased by Almonds over a year ago, and it’s still not profiting yet. In the last year I’ve put a tremendous amount of work into it, yet still no profit. Am I worried? Absolutely not! Not to put myself down, but I’m making a point that it never starts off perfect.

You don’t have to have a big launch

People tend to want things to be perfect when they start their business, and they also want it to look perfect. That’s not the important part. The important thing is to plant the seed and watch it grow over time, not present it as a fully developed business. A launch is just not necessary in the beginning, it’s actually a bad move in my opinion for small companies and start-ups.

No business starts out lucky, at least not for me

Like I said, there’s never been a case in my entire career where I was able to start with immediate success. And I don’t know of any company that has ever done that.

Your website is not supposed to start out fancy

I believe a site needs to be clean, presentable, and professional, but it doesn’t have to be fancy. The most successful sites and blogs I own are all very straightforward and minimal with one fundamental purpose, to generate profit. Anything that gets in the way of that should not be there.

You don’t have to have the perfect plan first.

In many cases, corporate and bigger ventures would require accurate business intends to get the ball rolling, especially when the investment exceeds millions of dollars. However, when launching your first small business, it’s completely unnecessary to have the perfect plan. You will need a plan of course, but don’t expect everything to go as planned. As a matter of fact, expect a lot of things you didn’t plan for!

My first business took six years to see profit

Yes, I was never a true entrepreneur until six years after the launch of my first business. It took six years to see a profit because I never did it for the money. But when the money did come, it was coming in fast! I was working for free at my own business because I loved my business. This is the most critical part of starting. Start a business you love, and get involved in the industry that best suits your personal interests.

You Might Also Like


Follow by Email