Reality Of Starting a BusinessPart 2 September 4, 2016
PART 2 of 2: Click Here For Part 1
5. YOU CAN’T ALWAYS BE CREATIVE – YOU ALSO NEED TO BE BUSINESS MINDED
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.
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 @thegirlfrompanama
6. SALES WON’T JUST COME
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.
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.
“…just because you think your idea is ‘the greatest thing since sliced bread,’ does not mean that everyone else will think so.” Tweet this
7. FEAR WILL OCCUR AND YOU WILL QUESTION YOURSELF
It 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 HERE
8. YOU WILL GET TIRED BUT ‘CANNOT’ STOP BECAUSE ONLY YOU CAN DO THE JOB
When you first start out and cannot afford to hire anyone to offer you assistance, you will experiencemoments when you feel like you are only getting twelve hours in a day because you have a million things to get done – single-handedly.
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.
Don’t slack or be lazy, but do, take regular breaks, get enough rest, eat well, exercise and if you need help, always ask.Even 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.
9. SOCIAL LIFE? WHAT SOCIAL LIFE ? ITS CALLED NETWORKINGFor 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.
10. IT IS EASIER TO GET DISTRACTED THEREFORE TIME MANAGEMENT IS KEY
11. YOUR POCKET WILL FEEL THE PINCH
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.Want 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.
12. THE REWARDS WILL BE GREAT AND YOU ACTUALLY LOVE IT
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 are 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.So remember to have fun doing it and take every situation as an opportunity to learn.