For your convenience, many of the products I link to are affiliate links which means I may earn money if you purchase a product I recommend.10 Steps For Starting A Small Business: A few years ago Aaron and I made a very poor business decision and lost $55,000 (yes, you read that right).
BE BUSINESS MINDED
You’ll never have a successful business unless you treat your entrepreneurial idea as a business from the beginning.
Budgeting is the quickest way to successfully manage your money as a start up business.
This is your business. You need to know how to do everything or how to effectively manage or outsource.
DO YOUR RESEARCH
Research, research and then research more. You need to know every detail about your prospective field before investing money.
DON’T MIX PERSONAL AND BUSINESS RELATIONSHIPS
To make effective business decisions you need to keep your personal life separate from your business life.
HOLD REGULAR MEETINGS
Meet regularly with your team even if it is a team of one. Constantly reevaluate your goals and direction.
Be true to yourself and your personal beliefs. You started your company to help people. Always remember your ultimate goals.
Set up policies and procedures from the very beginning. A good foundation will make growth easier to manage.
MONITOR YOUR STAFF
Your staff will make or break your company. Hire the right people at the right time for the right price.
PUT EVERYTHING IN WRITING
If it isn’t in writing it never happened. Record all operational changes, especially if you have partners or investors.