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I often wonder how many people are deterred from starting up a side venture or lack the confidence to move forward with a change of career because of what they read online. Hundreds, thousands, millions…….who knows!
In recent times, it would seem that the internet has become obsessed with the idea that a business model is no longer pliable and is now a one size fits all rigid sculpture.
It may or may not surprise you to know that nearly half of all small businesses fail within the first two years of operation.
One of the largest factors for business failure is inadequate planning and the second is under-capitalisation.
Before we talk about the true cost of starting and running a business, you need to have a plan. If you want your business to do more than survive — you want to know if it’s good enough to thrive!
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Lots of people toy with the idea of starting a small business at various stages of their life. Some think of starting a small business after their educational career is over. Some think of starting a small business because of unpleasant or unhappy situations they have encountered in their work places or like me, there are also those who want to start a small business to allow them to work without constraints giving them much more freedom and flexibility within their lives overall doing something that they enjoy.
Regardless of the reason, toying with the idea of starting up your own venture is one thing, but if you are taking positive steps to get started, then certain myths associated with starting and running a small business need to be quickly dispelled from your mind starting right now!
For many of us, starting our own business can be extremely overwhelming and the last thing that many of us want to even contemplate in the beginning is setting up our own website.
In this article, I will share my findings that I came across and took into consideration when setting up my own website.
In my experience when it comes to setting up a business and working for yourself, there are no short cuts or get rich quick schemes and if there are then I have yet to find them. The resounding promises coming from every corner of social media are pretty unrealistic and I wonder how many people with so much potential give up soon after starting because they find that it isn’t quite as easy as promised so ultimately feel that they are doing something wrong.
Whether your looking to set up your very first side hustle or jumping in at the deep end to start a new challenge in order to change up your career, the journey of starting our own business can likely find us brimming with excitement and lots of ideas.
However, as someone who has been there and wears the T-shirt very well, I can tell you that some of the decisions that you make in the beginning can heavily impact your business later down the line.