Many of the changes that have taken place these last few years have been challenging for all of us, and especially for those with small businesses. Have you closed a business or created a new business in the last six months? If you answered yes to either of these questions then you will enjoy hearing what I have to share with you about starting a new business.
I have found that it is not so important how many businesses you have had or if you have recently had to close your business. Unforeseen problems are just that, we don’t expect them and are not usually going to be prepared for them; this includes the economy.
What is important is that you do start over again! But, this time, do a simple analysis of what you think you could have done differently and move forward, yes move on! This is very important…do not carry any thoughts of failure or negativity forward. The end, zip, nada, etc.!
Yes, the most important and exciting thing is that you are starting over! You may even have decided to change the type of business you will have. Perhaps you are starting out in business for the first time. Yippee!!! Having a business of your own is the most exciting things that can happen outside of winning the lottery, falling in love or having a new baby. Starting a new business or starting over? Let me be the first to congratulate you!!
Allow me to pass on a couple of tips that I think are very important and that will save you a lot of time, money and heartache:
1. Diagram/analyze your proposed business. Why do you want to be in business? What will you be selling and why? Is there a market for what you will offer? Who is your market? Who is your competition, and how are they doing? Where will your business be; how much will it cost to start up and run your business for the first six months? Why would the customer want to do business with you? (benefits)
2. Don’t try to reinvent the wheel. When you try to do something that no one else has ever done there is a great chance that you may end up sorry, exhausted and broke. Consider improving on what someone else is doing, or redesigning and changing certain elements to fit your style and customer desires.
3. Take a look around you…who is the person or company doing what you want to do? I am suggesting that anyone in business needs a mentor. A person who is doing what you want to do; they have made a bunch of money doing it and are willing to teach you. Hire a mentor.
4. Consider taking your new business to the internet. The internet is the future and you can save a bundle. No looking for a space or high rents to pay. You can actually be in business the same day. If you do not have a product of your own, consider becoming an affiliate and make money selling someone else’s product.
I hope that you have enjoyed these tips for starting over. In my next post I will be sharing with you the name of my mentor…someone who is successful and “walks the talk.”
To your success!