6 Top Things Aspiring Entrepreneurs Should Do in 2022

Authored By Nicola Reid

If you’re one of the many millions of people hoping to start a new business this year, congratulations. This is a journey that you will never forget. There are many twists and turns down the path toward entrepreneurship, and your actions now can make it a much smoother process in the days ahead. Today, the Success Strategies blog touches on a few things that all aspiring entrepreneurs should do when starting a business in 2022.

1. Evaluate Yourself

First and foremost, you have to evaluate yourself. Do you really have what it takes to be an entrepreneur? According to Alcor Investment Services, entrepreneurs don’t procrastinate and are continually solving problems. If you are the type of person that makes plans and takes action on them, you might be a great candidate for entrepreneurship. In addition to these “soft” skills, you should also be at least somewhat versed in marketing, financial management, and customer service.

2. Decide on a Business Structure

Business structures are not just for major corporations. As a small business owner, you have the right to form your own entity. Doing so now can help legitimize your business. Consider filing as an LLC, which is a limited liability company. There are many advantages here, including lower taxes and reducing the possibility of your personal assets being targeted in case of a serious business flaw. You can use a local attorney or an online formation service, though the latter is much more affordable than the former.

3. Utilize Free Tools and Services

Even when you’re a small business, you must be prepared to break out your wallet (more on the financial commitment later on). However, that doesn’t mean that you can’t get some things without writing a check. You can use Google Docs to collaborate with your employees and customers and you can even find an image size converter online that allows you to upload photos to your website and social media. Although it might seem like a small thing now, fewer pixels in your images will make your site load faster, which can increase the amount of time customers spend on your domain. Search Engine Journal acknowledges slow load speed as the number one reason that people move to a different website.

4. Stay Motivated

As an entrepreneur, you will experience successes and failures. It is during these failures that you must remember to stay motivated and never give up.

5. Understand the Financial Commitment

Starting a business is a huge financial commitment, and many small business owners are unprepared for the sheer number of checks that get written each week. Remember, you have not only your startup cost but also business filing expenses, taxes, payroll, inventory, and more. Although this might sound like a lot, don’t despair. There are plenty of deductions you can take, especially if you use your home as your office. CPA Mark J. Kohler notes that you may even be able to deduct part of your vehicle expenses as a home-based business owner.

6. Strategize

Running your business means prioritizing everything every day. One thing you cannot forget is to pay attention to your customers and the competition to find out what they want. To do this, you will need to do market research and implement a product roadmap when you are ready to launch something new. Use a template (another potentially free online service) that helps you set deadlines and understand where you may have trouble in the process. Having your product launches mapped out ahead of time will help you prioritize and set more reasonable goals.

Launching your own business is one of the best ways to create wealth for yourself and your family. Although it may seem intimidating now, trust that you will soon have the experience to navigate the world of entrepreneurship with your head held high. Remember, no one ever got rich working for someone else, and your fears are the only thing stopping you from mapping out your own path toward success.

About The Author

Nicola Reid is an entrepreneur and small business owner from Texas. She created Business4Today.com to provide access to the resources members of marginalized groups need to turn their entrepreneurial dreams into reality. Through her site, she hopes to support the growing number of people of color, women, and members of the LGBTQ+ community who are taking the leap into small business ownership.

Photo by MART PRODUCTION on Pexels.com

2022 Travel Dreams? 7 Best In The World Road-Trips…

Workaholic. Yep, that’s me. It’s strange that I am dreaming of a getaway so early in the New Year. But guess what? It’s actually carried forward from prior years. Been dreaming of my favorite getaway space but haven’t had a chance to take it. So here I go dreaming as I was asked to share a road trip that I would like to take.

Conde Naste shared the best Road Trips in the world. Amidst the pandemic and all, I shook my head against international travel. Too many requirements. Then on a whim, I mused… hey why not? As the saying goes:

If you can dream it, you can do it

Walt Disney

7 Dream Road Trips

So I let my mind wonder to the list which includes several but my top faves are:

  1. Highway 101 Oregon
  2. Namibia’s Desert
  3. Hana Highway Hawaii
  4. Norway
  5. Ireland
  6. Iceland
  7. Tuscany Italy

Tuscany, Italy

Why not Tuscany? This is my favorite place that I dream of. Renowned travel expert Samantha Brown challenged us to plan a trip that we are excited about. So as I perused the list, I selected my dream place-Tuscany, Italy. Ireland comes closely second, but Tuscany is my preferred place. I decided to pull the full details below for ease of access for both myself or any who wish to get the information. If Italy isn’t for you, then other destinations can be gleaned from them here

Tuscany’s bucolic, vineyard-dotted landscape makes for the quintessential Italian road trip. Start in Florence and cruise south on the SS22 for 30 minutes until you reach the heart of the Chianti wine region. Take your time winding through Strada and Greve towards Siena, stopping at cantine along the way (we recommend these ones). Depending on how much time you have, spend the night in Panzano before circling back up to Florence the next day, or head further south to Montalcino, Montepulciano, and the spectacular Val d’Orcia—arguably the most beautiful stretch of countryside in Tuscany.

Where to stop: Ruffino’s sprawling Poggio Casciano estate for truffle hunting and tastingAntinori nel Chianti Classico for its Instagram-worthy glass-and-steel winery and equally show-stopping wine; Tenuta Il Greppo, where the first Brunello di Montalcino was bottled in 1888.

Where to eat: Officina della Bistecca in Panzano-in-Chianti for the best steak in all of Tuscany; Re di Macchia in Montalcino for its classic, hearty Tuscan cuisine like white bean soup and wild boar pasta.

Where to stay: In castles, always. We like the intimate, art-filled Castello di Ama in Gaiole in Chianti and the lavish, hilltop Castello Banfi il Borgo in Montalcino, which has an infinity pool overlooking the vineyards.

Your Turn

What’s your dream travel designation or road trip for this year? Do share. We would love to hear.

Cheers!

Italy Photo by Stan Swinnen on Pexels.com

If You Don’t Go After What You Want You’ll Never Have It…

If you don’t step forward, you will always be in the same place. ~Nora Roberts

A sure advice I would give to my teenage self and those who are afraid as they start the new year.

Success Strategies

If you don’t go after what you want, you’ll never have it. If you don’t ask, the answer is always no. If you don’t step forward, you will always be in the same place. ~Nora Roberts

A boost of Motivational Quotes always work for those days when you need a quick pick-me-up. Find yours In Book 101+ Empowering Quotes For New Entrepreneurs.

Cheers!

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Alone In A Crowd…

In a moment. In the twinkling of an eye, Luck shines. Things change.

There in the midst of the crowd, she felt all alone. Her heart cried for the memories that seem to be only a shadow of the good times shared with her loved ones. Could it ever be rekindled? Will life ever return to the beauty and serenity of laughter, trust and the beauty of quiet things held dear? Amidst Controversy, only time will tell, she consoled herself.

You may also like 5 Ways To Overcome Bad Luck

In a moment. In the twinkling of an eye, Luck shines. Things change.

Treasure special moments. They quiet hearts and boosts dreams, goals, and aspirations.

Cheers!

 

Fall’s Graceful Nostalgia…

Beautiful feelings of Fall. Quiet Nostalgia. Nudges times to pause. Times to reflect, unwind, and move ahead with the Graceful things that matters most.

Embrace the delights of memories past. Then forge ahead

Successful Millennials 


Successful Millennials led by Gina Hargitay, Miss Jamaica World 2013, Dr. Claire Nelson ICS, with Dr. Shelly Cameron, and Roxanne Valies, Candidate for State Representative, District 95, at The interamerican Development Bank (IDB), Washington DC

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