Tips and Advice for Start Ups

As mentioned in a previous  post, a recent survey we commissioned yielded some very interesting information from current home business owners.  One of the questions asked:  “Do you have any tips/suggestions for those considering entrepreneurship?”  Here are some results:

1)  Make sure you are properly pricing your product or service.

2) Don’t let others force your business to be a 24/7 operation. If you run a 24/7 operation, it should be because YOU chose it to be 24/7. And if so, you should be compensated dearly for providing this service.

3) Be realistic. It takes time to turn a profit. It’s harder than being a corporate
employee. It keeps you awake at night more. If you’re not ready for that, you
might not be ready for being a business owner.

4) Always prepare your business plan with conservative projections.

5) Create a plan, make a dream and work towards them

These tips come from business men and women that have operated as successful independents for many years.   Sage advice from the “been there – done that” crowd.

Advertisements

2 Responses to Tips and Advice for Start Ups

  1. tweamster says:

    Hi Dion & Melanie,

    You’re off to a great start! These are great points. I wish I had known them all when I started my first few businesses.

    They should have added, never stop learning. If one wants to get ahead and stay ahead in business, it requires constant learning.

    A.L. Williams once said you beat 50% of the competition by just showing up, the next 40% by working hard; it’s that last 10% that is your real competition.

    All the best to you,

    Alan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: