
In a recent article by Michelle Goodman (@anti9to5guide) a sense of encouragement is given for creating your own business. Sure, everyone would like to be their own boss, but don’t have the time or money to pursue it. These 7 tips will help manage the balance between your day job and starting your own business.
- First, prove your concept.
Make sure your idea works. Is it something people will pay for? Build a solid platform and test it before going live.
- Let the big goals shape your calendar.
Be organized. Create a calendar with daily top goals to become a reminder. Take it a day at a time but keep the ultimate goal for your business in mind.
- Document processes.
Again, be organized. Without organization, your company will not function. Have a process for employees. Guide your team in the right direction by having a schedule, documenting business practices, and what your company is all about.
- Catch problems early.
Mistakes happen. No one is perfect. It’s about how to make the correct changes to improve your business.
“If you need to change what you’re doing, change it in the prototype stage instead of in the final stage, when you’re up a creek and can’t really backtrack.”
- Plan for financial fluctuations.
Know your marketplace. Understand and compensate for fluctuations in your business. There will be plenty of ups and downs especially during the holiday season, so plan your budget accordingly.
- Invest in employees.
Employees are what make your business successful. Keep your employees happy and reward them for their hard work.
“Being treated and compensated well and receiving great benefits taught me how important that is for staff loyalty.”
- Treat customers like gold.
First impressions are everything. This will set the tone on how your customers will view your business. Be respectful and make your clients feel special.
We all have day-to-day responsibilities and bills to pay. Creating your own business is not easy and definitely does not happen overnight. It’s a long process and gaining insight from other successful entrepreneurs helps every little bit when your time is limited. Just as the saying goes, time is money.
Read the source article here .