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Business Insight

Reality Of Starting a Business
Part 2

September 4, 2016

PART 2 of 2: Click Here For Part 1

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5. YOU CAN’T ALWAYS BE CREATIVE – YOU ALSO NEED TO BE BUSINESS MINDED

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When we think about starting a business, we often focus on the ‘glamourous’ side of the equation. However, it is imperative to remember that, this is only a small percentage of what your actual work life will consist of.reality

Often enough, you will need to think of workable processes and procedures for your business, strategies, accounting, tax, employment laws (if you are looking to hire), budgets, five-year plans for the future, shareholders and so forth. If you are going into business only for the glamour of it, it might be time to rethink the plan. Img via @thegirlfrompanamaRealityReality

6. SALES WON’T JUST COMEReality

The biggest misconception people have once they launch their ‘brilliant’ company is that customers will flock to buy their ‘amazing.’ product. This is an untrue fact that catches most people off guard.

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The reality is often that, just because you think your idea is ‘the greatest thing since sliced bread,’ does not mean that everyone else will think so. Besides, your competition will work twice as much to retain those customers, so that they don’t come to you. So, stop assuming and get to work. Listen to your customers and attend to your consumer’s needs.

 anaria1
@parkandcube
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…just because you think your idea is ‘the greatest thing since sliced bread,’ does not mean that everyone else will think so.” Tweet this


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7. FEAR WILL OCCUR AND YOU WILL QUESTION YOURSELF

RealityIt happens to the very best of us and assuming that it won’t, is not the best way to tackle it. To read more about fear and how to deal with it, please CLICK HERERealityReality

8. YOU WILL GET TIRED BUT ‘CANNOT’ STOP BECAUSE ONLY YOU CAN DO THE JOBRealityReality

When you first start out and cannot afford to hire anyone to offer you assistance, you will experienceRealitymoments when you feel like you are only getting twelve hours in a day because you have a million things to get done – single-handedly.

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You will experience exhaustion and it will be tough because your brain will tell you, to continue ticking off tasks and your body will scream for a ‘time out.’>

Best thing to do in this situation is to always listen to your body. Never make the mistake of pushing yourself over the edge as this can be extremely detrimental to your health.

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Don’t slack or be lazy, but do, take regular breaks, get enough rest, eat well, exercise and if you need help, always ask.RealityEven if it means paying a small fee to get it, please do. Your business needs a healthy leader and if that is misplaced, it will be affected greatly.RealityReality


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@thechrisellefactor

RealityReality9. SOCIAL LIFE? WHAT SOCIAL LIFE ? ITS CALLED NETWORKINGRealityFor business purposes, you will find that you will need to attend more networking events than ever before. Every event you attend, even when it happens to be a kid’s birthday party will become an opportunity for networking. You will find yourself talking about your business and what you do more than you have ever done in the past because it is your life.Reality

10. IT IS EASIER TO GET DISTRACTED THEREFORE TIME MANAGEMENT IS KEYReality

It is easy to get up on any day of the week and decide you are taking the day off or going for a two-hour lunch with friends. Yes, that is the benefit of being self-employed, however, this can easily become a habit and before you know it – nothing gets been done. Ways to effectively stop yourself from distraction is to have some sort of time management plan.>RealityReality
Perhaps have everything calendered so that every day, you know exactly what should be completed and by when. And if you wish to have those ‘special’ moments with friends or take the day off, make sure you have that scheduled so that tasks that are required to be done by then, are fully completed before you go and enjoy yourself.RealityRealityReality

11. YOUR POCKET WILL FEEL THE PINCHReality

Gone are the days of the corporate world when payday would come like clockwork. When you are starting up, every penny counts and you will need to keep an eye on your spending like your life depends on it, because it actually does.RealityWant that lipstick as a treat for your birthday? You might just need to wait and buy it in a few months instead because saving money becomes crucial and not a luxury for a holiday.RealityReality

12. THE REWARDS WILL BE GREAT AND YOU ACTUALLY LOVE ITRealityReality

Despite all the challenging aspects of going self-employment, you will find that you will enjoy the process and the rewards of doing something you areReality passionate about every day of your life will be greater than doing a corporate job that pays the bills but is not something you particularly love.RealitySo remember to have fun doing it and take every situation as an opportunity to learn.RealityRealityReality
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  • Ever wanted to open your own luxury fashion shop and help women to feel confident, beautiful and happy? We had the great pleasure of sitting down with Hari Martin, the 27 year old behind @basilandbea. Hari explains her thought process when buying pieces for her shop, the challenges she has encountered and why she decided to open a physical shop first before going online. Read the full article in the bio. For an exclusive Video on Hari's #lifelessons, visit bit.ly/anariasubscribe. #fashionblogger #fashionbusiness #fashioncareer #manchesterfashion #womeninbusiness #inspiration
  • "Into The Gloss and Glossier" Founder, Emily Weiss and Vogue China Editor-in-Chief, Angelica Cheung inspired our latest article on running a successful fashion business.  #linkinbio. 📷: @elisaschenke. #fashion #fashionmagazines #style #friyay #fashionbusiness #inspiration #girlboss. ⠀
  • Ugandan model, Aamito Lagum is beautiful, inspirational, intelligent, fearless and our Woman of Style and Power #AnariaWoSaP today. Raised by a single mum, Aamito traded law school for modeling and won the first season of Africa's Next Top Model. ⠀
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Since then, she has walked for Marc Jacobs, Paul Smith and Bottega Veneta to name just a few. In 2016, Aamito was subject to racist and hateful comments when a picture of her lips was posted on MAC's official Instagram page. Fearless in her response, Aamito encouraged her followers to take a picture of their lips with the hashtag: “#PrettyLipsPeriod” and turned a discriminatory moment into an inclusive and #empowerment movement. A great example of how taking a negative situation in life and turning it for good is always best.⠀
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When asked to describe herself in a recent interview with Interview magazine, she simply says: "I am a black Ugandan with a white smile." 📷:@aamito_lagum, @dnamodels, @legainsbourg, @interviewmag, @fastashleysbk. ⠀
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#inspiration #fashionstyle #fashioncareer #womanempoweringwoman
  • Women face various obstacles when trying to run a fashion business, including but not limited to access to funding and a general lack of entrepreneurial education.  We gain insight from Emily Weiss (CEO of Into The Gloss and Glossier), Angelica Cheung (Editor-in-Chief of Vogue China) and fashion designer Phelan on how to overcome some of those challenges and create successful fashion businesses, especially in today's digital world.  #linkinbio. 📷: @elisaschenke. #fashion #fashionmagazines #style #friyay #fashionbusiness #inspiration #girlboss. ⠀

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