Women In Business

3 Tips to make starting your own business easy

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When you first venture out of the corporate world into your own business many people will tell you that you can’t do it, its too hard, there are no regular paychecks, times are tough and a miriad of other negative comments.  They all have a grain of truth to them.  If you believe any of those negatives then they will most probably show up in your business.  What you believe creates your reality.  There are three things that will make creating a business not so scary.

1. Be prepared to do whatever it takes to succeed

When you are starting your own business you need to be willing to do whatever it takes to make it successful.   This will be different for every person  and every business however you will need to put in the effort required to achieve the result you desire.  I have had many successful businesses and some not so successful ones too.  The difference between the two was my willingness to learn new things, put my self at the edge of my comfort zone, go beyond and do what it took to make the business work.  Some of the business required me to train to learn new skills which at the time seemed quite challenging.  The end result was success and new skills which have served me well in many other areas.  For certain businesses, training  may not be required and some of you may prefer to just jump right in and start.  Both ways work;  it all depends on what feels right for you and what your business is.  Setting up a new venture takes time and it may seem overwhelming too.  To eliminate the pressure ask yourself “where do I need to put my attention today?’.  This will allow you to focus on what is a priority and not get bogged down in the non-profitable tasks.

2. Use your skills and interests

When you are establishing what you think might be a great business, ask yourself “what are my particular skills and interests?”  Everyone has an area of expertise and interest they find easy.  You might be into health and fitness, enjoy baking, have a great knowledge of your local area, love interacting with people or are a brilliant entertainer.  These are all clues to what type of business could be fun for you.  Anything that you do to create an extra income stream is a business – so start with something you know and love, and develop it from there.  There are local outlets for products that you make, markets for food items, online sales outlets, etc.  so you don’t require premises to start creating, just a corner of your house, garage, kitchen or property.  Ask yourself “what would be enjoyable for me to create?” – what doesn’t seem like work?   Your aim should be to make money and enjoy doing it.

3. Good support network

It is important for a new business to have a good support network in order to continue past the first two years.  A high percentage of new businesses fail in the first 2 years, so having people that you trust and know about the business you are starting to advise or mentor you is a good stratgey.  It is very helpful to have people around you who have your back and will encourage you to keep moving forward.  There will be times when you need positive input! Talking to people in similar businesses can give you great insights into things you may not know at the outset.  Usually people are more than willing to chat to you about their ‘babies’.  They will give you contacts, problem solving tips and help you to set up and keep your business running.   Another great support system is a networking group who get together on a weekly basis to support each other in creating their businesses.  These are a great way to market yourself and create a greater network of like minded people. Another key person in your team is your accountant. They will be able to help you set up financial systems so you can see at a glance where your business is.  It is no use at the end of the year finding out that you’re overspending hugely in a particular area.  Keep a close eye on your financials.  You are in business to make money not just to keep you occupied.

There are many opportunities to create a new business.  If it is not enjoyable for you then you are less likely to put in the effort required to make it succeed.  Use your particular skills and interests in your business – you are most likely already an expert.  Have people that contribute to your business be part of your life around you. You are in business to make a money – no-one said it couldn’t be enjoyable.  It’s only scary if you think it is.

About Margie Hulse

Margie Hulse is a business coach, speaker, consultant, property investor and Wealth Creators Anonymous facilitator for Access Consciousness. She has over 20 years of experience in the creation, investment, promotion and marketing of multiple successful businesses. Having gained financial security for herself, she loves to show others just how easy it can be to do the same. www.wealthcreatorsanonymous.com

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