Starting out in business can be very overwhelming. We’ve heard many times from our clients that coming up with the idea was the easiest thing to accomplish on their road to successful entrepreneurship. To help with some of the hurdles you may be encountering, adopt these four strategies:
1. Surround yourself with invaluable resources.
This applies especially if you are a one-man show. If you’re not strong in accounting, for example, find someone who is. Do your homework and find resources that also may not cost you much or provide free services. If you’re getting bogged down in trying to keep up with your social media launch and initiatives consider outsourcing to someone that manages it full-time. “You are the average of the five people you spend the most time with,” says American entrepreneur and motivational speaker Jim Rohn. So make sure you have identified the right resource for you.
2. Network to grow your business.
Embrace the old adage “it’s not what you know, it’s who you know.” Of course you are busy running your business and don’t have time to attend every networking event you’d like to, so go online to find the people you want to connect with. Facebook, Twitter and LinkedIn are great tools to utilize in putting your plan in action. If you miss a local chamber event keynote speaker, reach out to them or follow them for a strategic introduction. Also, don’t be afraid to look at diverse networks that are vertically integrated with your industry.
3. Continue to educate yourself.
It has been said that the most successful people in business never stop learning. While attending continuing educational classes and workshops like GROW has to offer is one of the easiest and most valuable things you can do, there are several other ways to learn about new trends and tips to help your business. Master the art of managing RSS feeds and Google alerts. You can select topics you are interested in or know you need in order to evolve and they are delivered daily to you via an email. Subscribe to online trade magazines and visit industry trade shows. Set up an online network and dedicate weekly time to reading posts and articles. Trade in an hour of watching prime time TV to an educational or business channel. Most importantly, feed your sense of curiosity every day.
4. Don’t be afraid to pay yourself what you’re worth.
When you start your business you’re going to have to make sure you continue to pay your bills and continue to eat. You’re also going to need to reinvest as much as you can to continue growing your business. So, how do you determine your own worth? When starting out pay yourself the most you can afford while planning for reinvestment and covering your expenses. By keeping an eye on what your expenses and true income is you can easily readjust to pay yourself more in your up months and scale back in tighter months norske spill. You also need to consider the right time to give yourself a raise. Here is a great article from American Express you will want to read when that time rolls around: http://amex.co/1oA782E.
Follow these four simple steps and your journey to success might not seem so riddled with obstacles after all.
– Bonnie Nawara, GROW CEO