Business

5 Tips to Successfully Own a Business

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So you want to start a business? Here are 5 tips to owning your own business, and driving it towards success. Do it in this order that is listed and it will save you lots of time, resources, and money by doing so.

  1. Research
  2. Plan
  3. Going For It
  4. Never Stop Learning and Asking Questions
  5. Keep Going

Research

Why is doing your research #1? Is it that important?

YES! IT IS SO IMPORTANT! Why? Because it can save you so much of a headache down the road if you just took the time and did your research. No matter what you need or want in life, it is crucial to do your research beforehand. This isn’t only for aspiring business owners either. Doing your research is important for when it comes to…

  • creating a new business venture
  • applying to a new job and seeing if this company has the same morals as you do
  • when choosing a new book to read
  • when and how to apply for a house mortgage
  • seeing if this car has the right gas mileage for your lifestyle
  • adopting a new dog
  • wondering which bank has the best interest rates

If you don’t know the answer to what you need completed, Google it! The key is to keep Googling it. Don’t just hire the first professional you see, or take the first bit of information you find from one source. Keep on the search until you can fully explain the answer to your question to someone else!

2. Plan

Now that you have done your research, and hopefully found multiple sources proving it, it’s now time to start putting it in action. Let’s make a plan!

Ask yourself:

  • From the information I just researched, how can I apply it?
  • Is this something that is still meant for me at this point in my life?
  • What needs to be done now so to get started?
  • Does this professional hold all qualities that I need for my business?
  • What are the cons / drawbacks of this investment or project?

When making a plan, make sure to break down what needs to be accomplished. Do so by asking yourself questions, and then taking it from there, one step at a time. Especially when it comes to starting a business. No matter how mature your business is, having a business plan is crucial! It helps you stay on track and is a guide to get you to where you are going!

3. Go For It

“Go for it!”

“Start somewhere.”

“Just start.”

“Just do it!”

Whatever the phrase is, the point is…JUST GO FOR IT!! Want to start a business? Then start one! Want to run a marathon? Then go run a marathon!

What is stopping you from achieving your goals?! If you don’t know, then you need to figure it out or put it to the side. You have an amazing journey ahead of you, and there is no point in delaying it any further!

After doing your research, creating a plan and making the dream come alive, then it’s time to begin and go for it! And do so before you give yourself the chance to overthink it. You got this!

4. Never Stop Learning or Asking Questions

Second to doing your research, this tip is the second most important! This one is so crucial in making it in the long run. Why? Because you will never, and yes I mean never, know everything there is to your own business. You must continue to learn from others, no matter what industry you or them are in.

The foundation of business is all the same; business is business. You can learn a thing or two from another person’s business maybe based off how they have certain procedures in place that you could benefit from. You can pick up and learn so much by just paying attention and continuing to learn from others. Either if that is through networking, reading books, listening podcasts, etc.!

If you come upon something that you do not know, apply the first tip — research! Don’t ever feel stupid or embarrassed for asking a question. There are no stupid questions. If you ask now, it can benefit you later. Most people do not mind! And they do, blow them off and go ask someone else. You just have to promise me and yourself, to never stop learning and asking questions, okay? Great!

5. Keep Going

Business can be tough, but at the end of the day, KEEP GOING. No matter what, remember your why! Why you are doing this and why you will continue to. Things will get tough, but you will make it through. The only way you will find out how is to keep going.

With these 5 tips, it’ll help lead you and your business to success!

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1 Comment

  • Jessica

    Good advice! Sometimes I need the reminder for step 3. I find myself stuck in research and planning. But at some point you have to go for it! (And of course continue to learn and research as you go -step 4). Thanks for the list!

    April 9, 2020 at 4:05 am Reply
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