Get ready for a journey of a lifetime, Starting and running a business is going to be by far one of the most exciting, scariest and eye-opening experiences of your life. By the way Congratulations on wanting to be financially free.
Before you start anything especially a business try and do some research and get to know as much as you can about what you are going to engage in. My first business was selling watches before I started I went out and took a look at very watch store within my vicinity. I then conducted a little study where I took note of where the watch shops were located, the prices they sold the watches at, who their target market was, the quality of their products and service and on and so forth. I then went about sourcing a watch supplier from who I was going to buy my watches from. I had to calculate how much profit I was going to make, by taking into account the cost price of the watches, the selling price at which I would sell my watches for, the transport costs, storage, rent and so on. The more you know about your industry, the more advantage and protection you will have.
Get Some Business Training And Assistance
This is not exactly necessary but good to have. My Grandfather (Ali Jassat) started and ran a successful business and he never even completed high school. But that was back in good old 90’s whereas in today’s day and age, where competition is on the increase and technology is on the rise, individuals who want to start and run a business require some basic training, depending on what type of business one decides to start. Experience is often more important that one’s skill set that is why finding a mentor or someone who has already walked the journey you want to is important as they will be able to guide and protect you from going astray, One should always start small and have set limitations otherwise one could end up losing everything they own and never ever achieving success. Like they commonly say on Shark Tank, “If your business doesn’t work within a year take it behind the barn and shoot it”.
Draw up a Business Plan
As say’s google a business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.
A business plan will hold all of your research information and most important of all it holds the businesses vision and mission statement that will keep you focused and goal oriented. A business plan will also help you need investments to start up and grow the business. If you need Any help with drawing up a business plan do email me (email@example.com). Everything I do for you will be free and in absolute confidentiality.
Do like Nike and “JUST DO IT’!!, START YOUR BUSINESS
The more time you spend on the nitty-gritty stuff, the less time you spending making money. In business, you have to hit the ground running. The best advice I can give you is to start with the little you have and just go for it, waiting for some miracle external factor to occur before you start your business is just going to waste your time and lead you to failure.The key is to just START, don’t wait for the experience or right partner just learn to trust your intuition. Be unique and trust yourself, you can do it.
Remember without risk they can be no reward. Money has 4 legs which mean’s you will never catch it but passion has 2 so chase your passion and money will come to you.