Well I did, I heard Soumah Mis, Gerardo Yepiz, Guillermo Barreto, Tyler Jensen and James Sol Radina talk about so many great things and I plan to share my notes with you.
Starting a business is not easy. It won't generate earnings right away, it depends on the time, energy and effort you put in your business.
Somebody with a 9 to 5 schedule will probably not have the time to start a business, it does not mean they can't but a business needs a lot of planning and time.Our parents and grandparents used to learn to do something or study just one thing and they were able to have a steady job, this has changed. "steady-permanent jobs are disappearing". And this is why being an entrepreneur is necessary... and great.Take the risk, quit your day job! But not today, first you need to figure out what you want your business to be, what you don't want it to be, and get real, really think it through. Then, great a budget:How much money do you need to start your business?
How much money do you need to eat, pay the bills, buy clothes and go out?
You need to list all these things because you need to add up all the expenses to find out how much money you are going to need to be able to save it first, or take a loan, and then you can quit your job.
Otherwise you will feel overwhelmed and you will end up with no money to eat nor to follow your dream of being a business owner.
Usually, business take from six months to a year to generate some earnings...and when I say earnings I mean "earnings" because your first thought may be "cool I can get the fancy bag I wanted" but no my dear, that money is meant to be invested on your business again.You may need more supplies, maybe you realized your logo is not working and you need to hire a real graphic designer to create it, etc.
Every entrepreneur needs to learn to enjoy the UNKNOWN...yes, not knowing:When the new client is going to arrive.
Not knowing if we are going to have clients at all.
What is this new adventure going to bring...
Usually business die after 6 months, 2 years or 5 years. For some reason, people tend to give up after those milestones. SO, what to do to avoid this?Create a plan, what do you want your business and life to be in 6 years from now? After 2 years? What about after 5 years?
Be strong, keep pushing and work constantly. Success depends on effort.This is the first part, I wrote pages and pages of notes, so let me know if you like it, if you find it helpful and I will share more info :3
You can also check out "Indie business. What to do after you have been featured"
Have a great day!
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4 comments:
that is so helpful. Great advice. I can't wait for the next part. :-)
Great notes! My mom has always had side jobs and has owned a ton of little businesses so it's in my blood, I just need to figure out what it is I'm meant to do and how I can do that in addition to being a teacher (since that's such a passion of mine too). I agree that things have changed so much and that entrepreneurship is a great way to go for more financial freedom (in the long run).
-Lisa
Definitely like it and find it helpful.Thanks so much for passing on what you've learned. Please do share more. :)
So helpful!!! Glad for this advice for my future. :)
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