3 things you have to consider when starting your own business

 

When you have no experience you don’t know what you’re getting into. When you finally decide to try to give up at the first sign of trouble. The thing is, business is not a walk in the park but that shouldn’t get you to raise the white flag. Here are three things you should consider when starting a business.

It’s not going to be an overnight success

There is no such thing as an overnight success, most companies take years to build themselves up. You have to consider that it will take you around 2 to 5 years to have any type of stability.

When I talk about stability I mean the feeling of stress is mostly gone for a few reasons. You should have enough money set aside for rainy days, so you’re not worried about your next meal. You have a big enough clients base so you’re not worried about who will buy your goods. And by this time you know who to grow your business.

When you understand that this will take time, you realize why you need to keep your day job while you start building your business. I would go as far a recommending that you keep your day job till you have one year’s worth of living expenses set aside.

You’re going to fail a lot

Most people run away from a failure like a plague, but failure is what builds you up more than anything else. Think about it, you don’t learn anything from success. If something works then it works you just move on to the next thing. But when you fail you stop and think, why did this happen? What did I do wrong?

This process allows you to improve your business and yourself.

It’s going to be the most fulfilling feeling in the world

Though starting a business is going to be one of the hardest things you will ever do, it’s going to feel so great when you finally succeed. It’s going to be such an empowering feeling to know that you started something from scratch and built it into the empire it is. 

Even if that empire makes 100k a year it’s still a paycheck that you created. And nothing is stopping you from starting another.

In conclusion, those harder things we do in life are worth more than you know. Nothing beats the feeling of independence the feeling that no matter what happens you can handle it.

I hope you found this post helpful, if so like it and share it with your friends. And while you’re at it, check out my ebook ‘level up your business’ a guide to starting your own business the right way.

 

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