We are living in the most exciting time in history, 2018! In fact, the past few years have brought a plethora of online platforms for the everyday individual to create their very own online business. The dream of a lifestyle of working from home, being your own boss all while having fun growing your income has persuaded many to take a shot at it and risk their savings in order to get as they say “a piece of the pie”. However, if it were that easy, everyone would be doing it, and doing it successfully I might add! Don’t get me wrong, anyone can make it with an online business, if you take the right advice, and do the right things. Here is a comprehensive guide on what to keep in mind when starting your online business, essentially this is a list of what to do and don’t do during your entrepreneurial journey.
Choose a business structure and stick to it!
A business structure essentially means how you’re going to decide to run the company, will it be an LLC, sole proprietorship or a corporation? Will You be the CEO or maybe your wife will take over the reins of that role? No matter what it is, stick to it, because when a company’s leadership goes, the structure and the company as a whole will eventually follow suit.
Don’t overthink the small stuff but Do pay attention to the big pictures
When your money and lifestyle is on the line, it’s hard not to nitpick at every detail of your online business, it’s understandable but not excusable. Calling paper suppliers for cheaper office paper should not be your main priority, running the business is and not only are your employees but your dreams are counting on you to stay focus on the big picture. Getting those emails out to potential suppliers, looking over marketing plans are the areas that you need to be focused on, remember this should be fun.
Finding a mentor for yourself and your business
If you asked someone about what was the most important factor of a business’s success, most would probably say a good product or great marketing, however, according to studies mentors are the number one factor that successful millionaires credit for their business success. Why? Having the right person to mentor yourself and your online business is crucial in avoiding mistakes and wasting time.
But how do you find a mentor? The easiest, but the most time-consuming way is to email or reach out through social media like Twitter and Linkedin to leaders in your industry, ask for a quick meet up at a coffee shop or simply a word of advice, when you’re brand new any information helps. Another method which is way more fun and engaging are attending expos or “Hot spots” where you know leaders will be attending. Network with people and don’t’ be afraid to admit that you’re new to whichever industry your business is under.
Let me ask you a question! Why did you leave your job? Let me guess, boring, low pay, and a horrible work environment, pretty sure I hit the nail right on the head huh. We understand that creating an online business from scratch is a difficult lifestyle, however, not having fun with the process won’t make it any better. Remind yourself why you started, remind yourself that you’re doing this because you want to and not because you’re under the rule of a superior. This is your baby, have fun with it and the results will surely mirror your efforts.
Organize Your Time Wisely
Living the Entrepreneurial lifestyle might be hectic and chaotic at times, some of us may even like the chaos in our life but just like anything, too much of a good thing can be harmful. One of the best tips we can give you is to understand the different types of chaos in your life. Some understandably creep into our daily lives through phones calls or an unexpected issue with delivery, however, others we tend to create ourselves and those are the type that requires regulation. A highly effective method we use is clumping. This means gathering all your similar daily tasks and getting them out of the way at the same time. For example, emails, product descriptions, and articles could all be tacked during the same period.
The burning desire to carry on! DON’T EVER FORGET IT!
Okay, so we spoke about the importance of prioritising and the danger of having a chaotic lifestyle, however, even with all this done, most online business owners tend to forget the one thing that will move their business forward. It’s not so much that we forget about what we’re aiming towards, its the fact that our lifestyle is too disorganised for us to even remember. The best way to figure out the one thing the is our burning desire is by, beginning right when you wake up, when your brain and body are refreshed and you’ve hit the reset button. While you’re doing your morning workout or having fun singing in the shower, take time to think about the one thing, this time might be the only time you have with yourself before the days’ problems arise again.
Just because you don’t have Ideas, does NOT mean you can’t do it
Often we are told that only the most intelligent innovators can create the lifestyle you want, however, nothing can be further from the truth. Everything you see and touch was a result of people who had nothing in the beginning, not even an idea. Charles Dickens was famously told that his career was over after not having good ideas for his book, but Dickens doubled down and brainstormed his way into writing one of the world’s most successful Christmas Books, “A Christmas Carol”.
In conclusion, Online Business owners and entertainers overall must be organised, but the areas they choose to organise determines their success. So, what are you waiting for? Go out there, have fun and create the incredible lifestyle that you’ve already dreamed about.