Business 101 -Take That Step

 

It takes that one step to start something new. Whether it’s to start a business, a long time dream, fitness goal etc., it’s all about that first step. That step could be searching how to legalize your business, how much inventory you may need, or knowing your state’s business law. Collecting all that information is very important. Most importantly, however, is the need to have a market strategy. You need a PLAN!

Sitting on the couch everyday saying you want to start this or that but not initiating the proper research is a waste of time. I can’t even began to tell you how much motivation it will give you once you start .. Taking that first step can be nerve wrecking because of the obstacles that you may face, but gathering as much information before you start your business is essential and it will help ease some of those fears you may have along the way. It will also help you gain knowledge and understanding . All businesses start from a common point – an idea. You may have dreamed of starting your own business for years, or inspiration may have hit you unexpectedly. Regardless of the source, the first step of starting your own business is coming up with a business idea.

Before I started my business, I knew very little about running a business and I needed to equip myself. I started reading books, attended business coaching classes and I prepared myself. There are so many free informative classes you can take to better understand the world of business. My opinion is you can go to school and major in business but still have no clue how to run a business. I believe in having the drive and the passion because business is not for everybody .

Daily, I get a lot of emails and many people ask what made me take that step to get my business started and the answer is faith. At the time, I had no money but I knew that God wanted me to open my very own modest boutique . $200 is all I had to start my business. It may sound like nothing but that’s what I needed to register my business and make it legal on paper and the rest was history. One key piece of advice I have to give is don’t lose focus through the process. I had a lot of obstacles along the way, but I overcame them. I owned up to my mistakes and I learned from them. I am also very thankful for my supporters. Without the support of my loyal customers, I wouldn’t be in business .

Always remember these key points to business or starting a business:

  • Have the proper legal documentation
  • Know your state’s business law, rules, and regulations
  • Set a budget to start
  • Always engage with your customers or future customers
  • Don’t be afraid of mistakes! Learn from them and find a resolution
  • Know who/what your target market is
  • Know your market strategy
  • Brand yourself and your business
  • Research
  • To start a business, you must invest in the business
  • Never GIVE UP!

I hope this helps feature business owners or current business owners. Believe in your yourself & your business.

 

 

 

 

 

 

 

 

 

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