5 Things You’ll Need To Have Before Starting Your First Business

Do you have a business idea that you know will bring in the profits if you could just get started? If so, this article is just for you! Here are 5 things you should have in place before you launch your new business:

Have an idea or concept you are passionate and disciplined about.

That’s the long and short of it. Passion will start you off, but discipline is what will take you to the next level. Passion over time can wane, being disciplined during these times keeps you on target to building a profit, when your interest may have diverted. Many businesses that are seen as overnight successes have truly been in the making for years, and that hard work in finally paying off.

Have an open mind and develop a thick skin.

There will be some things along the way that will hurt your feelings, discourage, and on some days make you want to throw the towel in. Entrepreneurs are a different breed, some are highly motivated and some require some guidance. You will meet many of them along the way, heed good advice, and even learn from the bad advice. Know not everything works for everybody but advice, especially if freely given should be noted.

Be organized.

Disorganization can sink a dream faster than a weighted anchor. It will cause you to miss deadlines,have your thoughts scattered and misunderstood,  and even cost you money from having to redo or repay for items. Invest in a great planner with plenty of space to write in. Write things out before putting them into action, take the time to fully develop thoughts and create schedules.

Set Goals.

Yes, you want to be an entrepreneur, but what exactly is your goal? Is it monetary, do you want to pursue your business full time? Is it a hobby and a passion you want to share? Does your business fill a need or support a cause? Where do you want to be in a year into your business? 3 or 5 years from now?

Have a Plan.

Building the right foundation for your business helps in the long run. It makes it easier to target your goals, and measure progress towards them. Each business is different, learn what makes up a strong foundation and how you can form your own. Study those great in your field for inspiration, but do not imitate. The mark of a strong business is its uniqueness., even in a field that may be saturated, standing out will add to the longevity of your business.

Happy Branding!


-The $ix Figure Chick