Starting a business is a huge deal. It takes time, money, and emotional involvement; the likes of which you will never get back. Luckily, for most entrepreneurs, opening a business is a dream come true! So any blood, sweat, and tears spent over the course of opening a business is well worth it, because the process is a labor of love. Though because you invest so much of yourself into your business, you want to make sure it’s set on the road to success.
Here are three ways to start your business off on the right foot:
Building your business from the ground up is no small task. If you treat your business like a side project, that’s exactly what it will be; it’s how friends and family will treat it, too. Most of the support you receive in the early days of your business will come from your family and friends, both financially and emotionally.
If you let your supporters know that you are serious about this business, they will take it seriously as well. But if you start with the attitude of, “I’m just trying out this venture on the side” chances are, you’re not going to get the support a new business needs. If you’re going to start a business, really start a business, starting with your attitude.
Network naturally and frequently
Make an effort to make lots and lots of business friends early on in your career as a business owner. Attend networking parties, set up lunches with potential partners, just get out of the house and talk about your business! Though at the same time, try and remember that the best business relationships are built on many of the same foundations that strong friendships are built on. So just talk to people as you would talk to a new friend: naturally.
When you meet someone new, what you do is bound to come up. Explain, briefly, what it is your new business is about and why you’re so passionate about it- that’s it. If the two of you could possibly work together in the future, that will become clear shortly upon meeting. If that’s the case, set up a time to get lunch or set up a call to talk about the partnership. Once meeting up to further the partnership is discussed, get back to getting to know one another!
Unless this isn’t your first business, you probably have a lot of questions about how to start and run a business. Business mentors are priceless for new entrepreneurs. Try and connect with someone you know has started his/her own business before. Ask them to coffee, pick their brain a bit.
Experience really is the best teacher. Keep in mind that that can sometimes be someone else’s experience. People love to talk about their own experiences. Take advantage of that and learn from someone else’s mistakes.