Tips for Starting a Business From People Who’ve Been There

  • Home
  • Ukraine
  • Kyiv
  • Tips for Starting a Business From People Who’ve Been There

Tips for Starting a Business From People Who’ve Been There If you dream of being your own boss, you’re not alone.

10 Set a Reasonable Timeline for Your Business to Exit the Startup PhaseFor your business to be successful, you can’t ju...
13/10/2023

10 Set a Reasonable Timeline for Your Business to Exit the Startup Phase
For your business to be successful, you can’t just focus on what you need to do to get it up and running. You need to figure out what steps will get you past the startup phase, Stengell said. Identify specific milestones that your business needs to achieve to move forward. “Set reasonable goals and move aggressively toward achieving them,” he said.

9 Keep Your Job Until Your Business Is Up and RunningOnce you have an idea for a business, you might be tempted to quit ...
13/10/2023

9 Keep Your Job Until Your Business Is Up and Running
Once you have an idea for a business, you might be tempted to quit your full-time job to focus entirely on getting your venture up and running. But that’s a mistake, said Grant Sabatier, who started his digital marketing business while working full time.

“An idea doesn’t mean anything. What matters is having paying customers and clients and a growth strategy,” said Sabatier, who is also the author of “Financial Freedom: A Proven Path to All the Money You Will Ever Need” and creator of the blog Millennial Money. “I see far too many people who start a business jump all-in with no proof that it could work.” That’s why he recommends keeping your full-time job until you know that your business is succeeding.

8 Connect With Others in Your Industry Through Social MediaWhen starting his financial wellness business, Workplace Mone...
13/10/2023

8 Connect With Others in Your Industry Through Social Media
When starting his financial wellness business, Workplace Money Coach, Shane Robson-Smith took advantage of social media to connect with others in his industry.

“I used LinkedIn, Google and Facebook to meet other financial coaches, and I picked their brains to learn all I could about the challenges and best practices for starting a financial coaching business,” he said. “I learned so much about pricing my services, how to find new clients and, best of all, business practices that were a complete waste of time and money that I should avoid.”

7 Get SupportJust because you’re starting your own business doesn’t mean you have to go it alone. In fact, to succeed, y...
13/10/2023

7 Get Support
Just because you’re starting your own business doesn’t mean you have to go it alone. In fact, to succeed, you need to surround yourself with individuals who can offer you guidance, experience and, most importantly, perspective when you’re too close to the situation to see clearly, Hamilton said.

This support system can be made up of friends, former bosses and others in the industry that you’re entering. Get comfortable reaching out to people who might be willing and able to offer guidance, Hamilton said.

6 Network, Network, NetworkShannon McLay, founder of The Financial Gym, said her best tip for starting a business is net...
13/10/2023

6 Network, Network, Network
Shannon McLay, founder of The Financial Gym, said her best tip for starting a business is networking. “Your network is like a garden,” she said. “If you plant seeds and nurture them over time, then they will produce food when you need it.”

For example, McLay said the first investor in her personal financial services company was a former boss and mentor who she had stayed in contact with over the years. “When it came time for me to raise money, it didn’t take long for him to say yes because he was well aware of my work ethic and what I was building,” she said.

5 Have a Vision for What Success Looks Like for YouGetting clear on what you want and developing a plan for your busines...
06/10/2023

5 Have a Vision for What Success Looks Like for You
Getting clear on what you want and developing a plan for your business are important steps to take as an entrepreneur. However, you also need to have a vision for what success looks like before you start a business, said Patrick Brewer, founder of Brewer Consulting, a marketing advisory firm for fiduciary advisors. “Otherwise, you will just drift around and you won’t accomplish anything,” he said.

4 Be Passionate About What You’re DoingTo start a business, you have to know your market and be sure that you have a goo...
06/10/2023

4 Be Passionate About What You’re Doing
To start a business, you have to know your market and be sure that you have a good product or service, said Molly Hamilton, founder of Molly’s Bakeovers. But to succeed, you have to be passionate about your business. “That passion can sustain you when you face challenges — as you certainly will,” she said.

Hamilton was passionate about launching a line of all-natural, allergen-free cookies because she has four children with food allergies. She was willing to work long hours and make sacrifices to turn her dream into a reality.

3 Have a Bulletproof Business PlanOne of the best tips for starting your own business is to create a strong business pla...
06/10/2023

3 Have a Bulletproof Business Plan
One of the best tips for starting your own business is to create a strong business plan, one that will take you from the startup phase to a successful venture that will survive through good times and bad, said Steve Stengell, founder of oil and gas exploration and production company Encore Energy.

To do that, start by figuring out what your main objective is. For his business, Stengell said that was developing key strategic business relationships and slowly becoming a fully integrated oil and gas operator that could be profitable even in tough times.

2 Do Your ResearchNot only did Koraca get clear on what she wanted before starting a business, but she also spent time f...
06/10/2023

2 Do Your Research
Not only did Koraca get clear on what she wanted before starting a business, but she also spent time figuring out whether she could sustain herself financially while doing what she loved. “Before I started my coaching practice, I did my research,” Koraca said. “I spoke to people in the business, and I found out how much revenue I could bring in.”

Having that information helped her develop a plan for launching her business and create goals to help her succeed.

1 Get Clear on What You WantElizabeth Koraca said one of her top tips for starting a business is to figure out what will...
06/10/2023

1 Get Clear on What You Want
Elizabeth Koraca said one of her top tips for starting a business is to figure out what will fulfill you. “Make a list of all the things that you would love to do and a list of the things you don’t want to do,” said Koraca. “It sounds obvious, but most people do not do this, and making these lists will help you get clear on what you want and what you don’t want.” She ought to know — she’s an executive coach and career strategist.

Address

Kyiv

Telephone

+380509441265

Website

Alerts

Be the first to know and let us send you an email when Tips for Starting a Business From People Who’ve Been There posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Tips for Starting a Business From People Who’ve Been There:

Shortcuts

Share

Category