Starting a business can be scary.
Of course, there’s lots of excitement as well.
However, the excitement can quickly subside when you realize just how much there is to do. Even moreso if you want to be a successful entrepreneur (doesn’t everyone?). Not to mention the stuff you don’t even know you don’t know about—the things that you can only discover along the way.
Fortunately, we have a lot of experience helping new entrepreneurs start successful businesses. In fact, we’ve gotten so good at it our success rate is above 90%. After helping thousands of people over the last three decades, we’ve picked up a few tips that every new entrepreneur should know:
1.You won’t know everything
Starting a business seems to bring out the perfectionist in us. We feel everything must be perfect before we start our business. So we end up endlessly plotting, planning, and strategizing.
The scary part is this can go on for years.
Instead, why not spend that time building your business? Accept that there is no “perfect time” to start, and just do it. If you don’t start today, you may find “tomorrow” never comes.
2. Choose your partners wisely
When going into business with another person or entity, don’t do so out of convenience. Partnerships should be formed on the basis of mutual benefit. They should also serve to strengthen the business.
Sometimes, this is less obvious than it seems.
The wrong partner can cause more problems than they solve, even when it seems like a great idea at first. They can make you hate your work, or worse. Most importantly, a bad partnership will always be a drag on any business.
3. Stop with the busy work
A lot of people love to do busy work just to feel like they’re accomplishing something.
Well, I’ve got some bad news: that new business card you’ve designed is not going to turn your business into a success. If you want to be successful, you need to focus on the important tasks—the things that actually earn you money!
If something can be outsourced or delegated, then do it. Your time should be spent as efficiently as possible on the tasks that have the biggest impact. When you get really good at this step, you’ll notice a drop in your working hours as well.
No doubt there’s more to the story of entrepreneurship than these three things, but don’t worry about that. Like I said in #1, don’t spend your time trying to learn everything. Instead, focus on taking action.
Here at UTurn we give you a path to small business success while keeping the above principles in mind. If you want to see how we can get you started, click the button below: