Remember that being an entrepreneur means a total mindset change from being a 9 – 5 person to being an innovator, an operator, an employer etc. As you venture into your own business, here are some simple tips that may be of assistance to you:
Never Fear. Once you leave your 9 – 5 job to start your own business you will definitely need to have a thick skin. In your business you will be called upon to do things that you would never have done whilst you were employed. You should never have any fear of exploring the unexplored.
Hire the Best Employees. You can scrimp on the office furniture, but set aside healthy amounts of money in your startup budget to hire smart, motivated people early in your enterprise. You will be amazed at how quickly your business will grow and reach profitability sooner.
Get Involved. Do not just simply leave the selling of your enterprise to the sales staff. You should be heavily involved in the selling of your businesses products and services from day one. You must teach yourself to promote and sell your products and services.
Throw Away Your Watch. Forget about working regular business hours in your startup; train yourself to work monster hours instead. Make sure you allocate your time every day to cover all aspects of the business – sales, administration, human resources, marketing, banking, accounting etc
Don’t Play Small. It is takes just as much time to sell 5 widgets as it takes to sell 100 widgets. Always think big first and then figure out how to deliver later.
Involve Your Family. Once you have taken the decision to go into your own business communicate your every step to your close family so that they can support you without resentment. Also should your venture not work out (it can happen you know…) you will definitely need their support.
Ditch your 9 – 5 friends. You now have to think like an entrepreneur and therefore you need to surround yourself with like-minded people. Your 9 – 5 friends have very different problems and a very different mindset to yours as a small business owner
Manage your administration. As much as this maybe tiresome, you need to manage your accounting and administration records. If you believe that you are unable to do this, then outsource this function to a reliable book-keeper.
By Jennifer Benson