3 Tips for New Business Owners
Are you interested in becoming an entrepreneur, but don’t no where to start? It’s simple.. just start.
Yes.. as simple as that!
Most small businesses fail within the first 5 yrs according to the U.S. Small Business Administration. The main reasons are due to:
1. A lack of knowledge.
2. A lack of funding.
3. Failure to price product or service correctly.
Most people dream of entrepreneurship, but many never take the next step or they give up too soon. Just a side note.. Entrepreneurship is not for the faint at heart.
If you are comfortable where you are, you probably won’t make it. I advise new, thrill seekers of these 3 things when starting a business.
After you’ve mastered that, I suggest you hire someone to teach you how to start, market, grow and become profitable. If you can’t find anyone, I just might be available. Check here for available times.
After you’ve done all this, now it’s time to put the foot to the medal and put a strategy in place.
Are you working part-time or full-time in this new business? What are your professional and financial goals as an entrepreneur? Where do you see yourself a year from now in this business? If you fail to plan, you plan to fail. Subscribe to The People Connect Podcast for business tips, inspiration and motivation to keep you in the loop and on top of your business.
So start planning…
Be prepared to invest in you and your business if you are serious. If finances are low, invest in free business tools to get started. There are tons of them. You need a website or a blog, an email provider (CRM system) and a product or service. You can also get The Start, Market & Grow Business Bundle if you need an indepth knowledge of building that business online.
The life of an entrepreneur can be fun, stressful and really challenging. Join business groups on Facebook and connect with other business people.
The more you learn, the more comfortable you will be as a new business owner.
Are you social? If not, you better get that way. There are over 6 billion people in the world ready to be introduced to your business idea. Connect with me on Instagram for more tips & strategy about business.
I’m Nichelle! A certified business & life strategist. I help you start, market, grow and profit as the CEO of you.
Until next time..
Blessings & Peace,