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.
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.
This Question was posed by Think & Grow Prosper. It sparked my interest so I decided to read a synopsis of the over 4K Visceral responses. Some Synchronized, some humorous, while others left readers in deep thought. Here I share:
I don’t know
Fate of Tragedies
Where’s the Donut?
Burnt Desires with regrets
Journey of Mistakes
The Chronicles of Surviving in Today’s Society
The Endless Possibilities of a Life Lovingly Lived
Don’t Have your Children 16 Years Apart and Here’s Why
We have all been there. Times when we feel we are at a crossroad and don’t know whether to stay with the company, or whether to go. It’s not an easy road. Certainly a time for deep reflection and analysis. But it can be done using helpful strategies.
7 Signs That Tells You When To Look for New Opportunities
Extracted from theMuse, here are my top 7 WHENs that you can use to know when it’s time to move on.
When you are unhappy most of the day. What’s the point of being unhappy doing what you do?
When the only way you can move up is when your boss retires. Oh well, need I say more?
When you get passed over for a promotion more than once
When your company is cutting back or your industry is shrinking. Astonished?Commonsense really…extinction is at hand. Be alert. Keep your eyes…
Contactless – Not involving contact. Not requiring touching or interaction between people
Hungry? Order a meal. It’s not a problem, Uber delivers. Need a last minute birthday gift? An outfit to go on the town with your boo? These sure ain’t no problem these days. Amazon delivers, and if you have prime.., that’s even better. You get it in a day!
Smartphone, e-maps, e-mail on the go. Hit the pause button during a movie are things that our little ones can’t fathom living without.
Don’t call me. Text. WhatsApp. Not to mention the gazillion channels on our big screen TVs, yet we still can’t find the right one to watch. Netflix anyone?
Religious? Going to church? Overrated. That’s a thing of the past. Thanks to the pandemic, We meet online. Those old folk shut-ins ain’t got nothing on us.
These days it seems if you drink you can still drive. All you need to do is program your smart car to take you home – driverless… or so you think. I fathom you’re on your own if the cops catch you. And we could go on and on.
Our High Tech World
What has our society come to? Even the Bible has been translated into so many versions that I can hardly recognize John 3:16 anymore. Some versions have totally missed the meaning. But then again who reads the Bible anymore? After all, we are able to listen to all those famous preachers on demand. Who needs to read when we can listen to what they want to share with us. Let them preachers read it and tell us.
We have it all wrong. Our lives need the stillness and quietness that only comes from reading the word and listen to the still small voice. Only then we will be able to hear what’s said to those hurting and in pain. Only then will we be able to perceive what and how the good lord wants us to lead others to him for the peace that only he provides. Only then will we be able to comfort those who mourn. Only then will we be able to rejoice with those who shout with joy unspeakable when their blessings come through.
Our contactless society invites opportunities for :
Going solo means no one has to know. But as often said, what’s done in quiet comes to light when those who are sad find themselves overwhelmed. The effects are the sad fruit of suicidal thoughts which become evident. And… before we jump to say that couldn’t happen to me… reflect on the signs of the rich and famous. Those who suffer in silence unable to face it anymore. Travel enthusiast Anthony Bourdain; Comedian Robin Williams; Miss USA Cheslie Kryst are just a few. We join with their loved ones as they still mourn.
Tis sad indeed. Our contactless society feeds aloneness, even in a crowd.
Let’s together do what we can in our small corner to connect with those behind closed doors. And if they won’t answer… that’s when you counter with direct help. Mental illness is a big thing that we can no longer sweep under the carpet and play hush-hush. Contact those trained to help.
Things To Do
Things we can do are:
Shut up and listen.
Pay attention. There is always a sign(s)
Check in on friends who go quiet or missing
Invade their privacy … but do it wisely, quietly and with caution
Be real. A genuine spirit can be felt just like the hypocritical ones
Don’t be afraid to ask “Are you okay?” It sounds simple but it’s the thing to do
Pray. It works. Ask for wisdom, guidance and that spirit of discernment
Here’s hoping this reflection motivates and inspires you to reach out to a friend or loved one today.
How are you coping in our contactless world? Do share. We would love to hear.
We write to taste life twice, in the moment and in retrospect.
Becoming a published Author involves nothing but interest and writing. Connect with an agent if you wish to go the traditional route. Interested in being self-published? Here are 7 basic steps to to get you going.
Write. Write. Write. If you don’t write you have nothing to publish
Invest in an Editor. Publish quality work. Nothing turns off readers more than errors in published work. Even if you are a great writer, you are too close to your work. Get it edited.
Book Cover Design. Invest in a Professional Cover design. You can do it yourself but hey, come on. Again this is an issue of quality which increases your selling power (or need I say, the lack thereof)?
Get an ISBN. Needed as a unique identifier for your book. Free ones available but… you get what you ‘pay’ for.
Price it. Decide on your price. Consider books in your genre etc.
Get Your Book Reviewed. People buy based on other’s impression right? So get your book reviewed by bloggers, friends, foe? yikes!
Launch it. Market it. Here’s where the fun begins! It’s not a secret. Market it. Get the word out!
I had the pleasure of sitting in on an intimate conversation with Reggae Music’s Matriarch Patricia Chin in an interview with G. Cole, as she celebrated 40 years of founding VP Records. She has promoted and released music for renowned artists the likes of Shaggy, Sean Paul, Beenie Man, Beres Hammond, Taurus Riley, Romain Virgo, Etana, Elephant Man, Morgan Heritage, Lady Saw, Freddie McGregor, Dennis Brown and many more. Taking Reggae music from unknown to where it is today, she shared tips on how entrepreneurs and goal-seekers can achieve Success in today’s fast changing world. Here I share 24 of my personal faves:
24 Inspiring Tips For New Entrepreneurs
As life evolves, keep up. There’s opportunity for everyone.
Think outside the box – do what others aren’t doing
Writing is usually done in a private space… as in a cave all by ourselves. We tell no one unless we choose to share with those close. Oft it can even be top secret or shouted from the mountain top as happens when some celebrities write. It’s entirely up to you.
It’s Your Prerogative
Writers commit a month, a year, 2, 3 or more to their Writing process. It’s your prerogative. It all depends on you. No need to attend a retreat, until or unless you’re ready and you can always remain silent in the background listening to others speak. At a writers Retreat, some talk. Some don’t.
Spend time doing what you want to do before, during and after the retreat.
People approach me to share my knowledge and (writing) experience with them. That’s the whole point of doing a Retreat. Facilitators or Hosts often incur…
A career is an occupation undertaken for a significant period of a person’s life and with opportunities for progress. For example, a child who goes into the family lineage of what they do…lawyer becomes lawyer, doctor becomes doctor, business owner hands down business to the child/children.
A vocation is a divine call to the religious life. Or a strong feeling of suitability for a particular career or occupation. For example, a physician who feels led to heal.
What advice would you give to someone who see themselves as having a vocation so that the work they do is part of who they are?
Sometimes a vocation and a career can be intertwined. Diving deeper, a careerist can remain in the same career for many years but enjoy…
I pounced upon the study of Success by accident. I did so through pondering why some people succeed while others don’t. Then I took it a step further and delved deeper selecting it for my dissertation research on Successful leaders. My aim was to share it with those who seem to be living without hope.
That said, success is no Oversight. It is a result of hard work and dedication. Below I have selected 12 Quotes that provide some Exposure and motivation for those of us who dare to take the steps to succeed.
12 Success Quotes
1.Don’t wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what? Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident, and more and more successful…
Books are my legacy. I began my journey to leave a legacy for my two girls and their offspring-future generations. Non-fiction, that’s mainly what I write. I researched the topics of Success and leadership so that those in my circle of influence will be able to define success for themselves. The goal being to design their own paths to achieve.
The Quest To Drive Their Legacy
Fast forward a few years, I have been asked by the aspiring ones to help steer their writings to become authors. This I gladly accepted as an additional way to leave a legacy, through others, as they too leave a trail. From poetry, memoirs, children’s books and more. It’s been a pleasure to do.
As my heartfelt quest says, Books are my legacy. They live on.
What’s your legacy? Do share, we would love to hear.