I felt it very important to create a resource sharing Tips for Building a Great Business. So people new to business would know what to expect before they jump in. As well as people who have more experience building a business who may have rushed into it before.
Would this time take a more cerebral , plotting and prudent approach.
Right off the bat here is one of my greatest Business Tips: Grab a good cup of Coffee and some Classical Music and press play.
Turn off the tv and move out any distractions. Business Time!
Question and Answer
How do you eat an elephant? Slowly. Ha ha ha! No the answer is One Piece at a time and slowly.
How do you run a marathon? One step at a time. Step, by step, by step. You see? There are no get rich schemes. If you get rich quick it will be because your just blew it out of the park! But this is not the likely outcome.
You will find being smart, intentional and hard working will cause your business to be built for the long haul. This is important because your time is money. You are investing your time, your hopes, your dreams and a piece of your life into your Home Business. If you do it right the first time you will not have to go back and do it again.
What can I learn right now without having to fall on my face?
Falling on your face in business means losing money , damaging your name and brand, and losing customers. It might mean the failure of your business. So in creating a once in a lifetime opportunity for yourself , your family, or your charity we do not want to waste time, money or efforts.
Vision , Passion, Skill, Scale, Guard Rails, and Foundation
As a veteran of home business I will give you my best tips for building A Great Home Business. The heart of any business is Vision, Passion, Skill, understanding your Scale, creating Business Guard Rails, and building a foundation. When Building a Home Business it is no different. You need to understand who you are and keep that. But also you want to develop a coherent Business operation.
I know your excited to get that Beauty, Health and Wellness , Affiliate Marketing, Cooking, or Landscaping Business off the ground. What I found out is it is much easier to accomplish your goals if you create a System. Not everyone plans to scale up their business but if you do plan to make your Home Business much bigger this will be very important as you teach others to replicate your actions in an attempt to reproduce your profitability.
There is no duplication without a System that is replicable.
You want your business to be Predictable, Disciplined, Focused, and Progressive. So let's start from the top and break down all that I just shared.
The Vision of Your New Business: Ok I know we live in such a new Snapchat, Instaface, Tweeting, and Facebook era. But even those powerful and cool platforms are built off , survive and flourish on the things that we are talking about right now.
So we have to go back to the foundations. Things that if you are like me with a little seasoning at 41 years old have heard all of our lives.
Create a Business Plan! Before you start doing you want to have a road map of where you want to go and how your going to get there.
Here are some thing things to keep in mind as you take your first steps in business.
Every entrepreneur is different and it does not matter if you come from a wealthy family or if you are the first in your family ever to start a business or go to college.
Let alone finish college. You are going to have to find out what works for you.
You will know in your heart what to do in your circumstance. But it is important to know the blueprint for building a successful enterprise. So any deviations you take from the blueprint is ok because the change in path were not done out of ignorance but convenience and choice.
You might say I am not going to create a business plan my first year of business. I am going to wing it. You might sell $100,000 worth of merchandise or make $25,000 in profit in your barbershop. But there may come a time in your business growth where you need to have a plan of action in different segments of your operation.
You might need to roll out new initiatives. Hire new employees or positions. You might need to hire an accountant. Ah you are a victim of your success. How do you keep up with the great job that you have done. You have to slow down now and plot all of this out.
This is because you did not make a business plan. Which is ok. We can take that!
Pump the Brakes?
But what if your business slows down or does not even take off in that first year without a Vision for your business. A Business plan is just a big name for a Written out Vision.
Having a Pen and Paper and writing down your goals, your guidelines, your Business needs, and your initiatives is a huge part of being able to give your business a foundation. But also some Guard Rails to guide you and keep you from falling off the cliff with stress and concerns.
One thing that will be a sure thing in building your Entreprise is when the possibility becomes an actuality. But even bigger is when the unseen possibility or the seemingly impossible thing becomes possible. Are you organized enough , flexible enough, agile enough and foreplanned enough to deal with such a thing?
Things like going into business without a business license, Business insurance, or the proper business designation such as an LLC. Talking to a lawyer about the event that you need to consult them for representation or advice. The business world is a big and hearty place.
To the victor goes the spoils. Better to be safe than sorry.
This may seem like a lot right now. But I tell you that building my business has been such a fun and rewarding thing!!!
Stay tuned for more tips. If you have any questions or comments please share them with us. Thanks
Hello I am Cedric and I have been interested in Business since I was in High School. I dipped my toes in it slowly and then I jumped in. Now I am an expert at Online Blogging! Sharing my love for Business and People. Thanks for stopping by and contributing to the conversation of life. Business is all about life!