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.
As a small business owners, you know that our world is rapidly growing and moving towards a more tech experience in all levels. When I first started my business Twitter was 3 years old and the people I followed were still trying to figure it out. I am very lucky that I am able to run my business from anywhere in the world. Today, I want to share some tech toy options for the savvy business owner.
There is huge misconception that because you have an audience for your business that they will be loyal to your business and your business only. Truth be told it is very rare to find a customer who is ONLY loyal to your business in your specific niche. For example, I write a business content based blog, consultant business owners and curate paid products for them. However, I would be naive to believe that I am the only source of information for my audience. Especially since I know that I am not everyone’s cup of tea.
As of today, we are under the 200 day count down for Christmas 2016. I truly want you as business owners to succeed. That means establishing a plan now verses later. Which a plethora of small business owners do. They wait until November 1st to think about holiday season. You need to be creating plans now, getting imagery ready and more. Let me break it down for you.
For the last four years, I have lived in my small town that I grew up in. At first, I resented living here truly not understanding how I could truly thrive in a town where everyone wanted to do MLM (Multi Level Marketing), think ItWorks, Herblife, Mary Kay and ACN verse building their own companies. Then I really started focusing on excelling at what I do verse the size of town I live in. No matter if you live in a small town or a large one these six points can help you grow your business locally.