We all make mistakes when we first jump into something new. However, with the level of information you can find on the internet, it’s easier to jump over the roadblocks most people faced when they launched. The learning curve can be easier when you do the first item on this list. I know it can be seen as boring, but the information you collect will save a lot of time, money, and stress.
Right now, you’re probably thinkings its November where did the time go. However, I need you thinking “is my small business ready to undertake the billions of dollars that will be spent this holiday season?” People love to shop and spend money, even it tightens their budgets or puts them over their budget during the Christmas time of year. It’s all about the joy on their loved ones faces when they open their gifts or when you’re at a company holiday party exchanging secret Santa gifts. As a small business owner, who owned an online boutique for several years I know how hectic this time of year can get. Today, I want to go over four areas you should make sure your business updates in for holiday season 2016.
When I mention to people that I am a business consultant and strategist, then tend to tell me the million and one ideas they have. Then say how they are struggling with which one to start because all of them are great and money makers. To be honest, not every business is a money maker especially if you’re only starting it to make quick money. Those tend to be the fastest money drainers because of the amount of time, money, and more that needs to be invested.
My goal with launching Kick Start Your eCommerce courses was to help remove the excuses people from when wanting to open up their own business. Personally, I believe there are two reasons people constantly use when it comes to investing in their dreams. They are “I have no time to go after my dreams” or “money is tight, and I can’t afford to invest.” Most people are living in their comfort zone and the lies they tell themselves to keep them happy, warm and exactly where they are.
There will always be first steps you take when launching something. However, I noticed in the last couple years how people tend to skip the most important measures of establishing a new business. Too many times, we are caught up in the lure and excited about a business that we forget key components that help us stand on a solid foundation. Here are the seven first things you should become consumed with before you worry about making a dollar or being on Oprah’s holiday list guide.
This past March marked three years running a service based business and I truly love it. When I first started, I was just as lost regarding the process of doing stuff. One thing I knew for sure was I need another income outside of one on one consulting. Especially, since I was new and industry without huge accolades behind my name. Immediately, started researching how to create passive income for my business was super exciting. Only issues was so many things felt like gimmicks and not who I was. Later, after almost 2 years of creating digital products I wrote Passive Income: Make Money In Your Sleep. That ebook helped so much of my audience flush out their ideas and create their passive income funnel.
Running a small business can be very costly at times without you realizing what is happening. This is why having a bookkeeping software and keeping a running budget is essential in gaining financial success. We as owners do not realize how they can add up and they’re adding up in the wrong categories. Today, however I want to share six small investments that can help you grow your business.
For the last three years, I have focused on consulting women entrepreneurs and I have learned a lot during this time. 30% of my clients are actually mompreneurs focused on building their dreams and taking care of their family at the same time. Today, I am sharing some simple tips I have given my clients to help them streamline their small business as mompreneurs.
Last month, Unilever bought The Dollar Shave Club for $1 Billion dollars cash. Let me just say I celebrated their win with so much joy as if it was my start up. The founders of this business solved a problem that men all over the world were having. They leveraged it into a Unicorn business. What’s crazy you can do the same thing starting with the $1,000 a month in revenue you make. You see after you make your first $1,000 in one month it energizes you to continuously do it.
In recent months, this has been a recurring question from my audience on social media. Today, I wanted to break down how its truly possible to scale your business even when you’re on the tightest budget out there. A couple years ago, I wrote Lack Of Money Doesn’t Stop This Train. Too many times we get caught in the money thinking that if its not there we stall out as business owners. This goes back to false perceptions we have and the reason we must say affirmations that keep us aligned and focused.
The saying goes that ideas are a dime a dozen, what truly matters is the execution of those said ideas. However, I beg to differ with that notion for the fact I met people constantly who are struggling to determine what type of business they want to launch. They know for fact they want to run to launch their own company and change the climate of the small business industry. Personally, I can sit down with someone and listen to them talk non stop and formulate a list of business ideas and action steps. So, if you’re looking for a side hustle or an actual business concept today’s post is dedicate to you.