S tarting out on your own can be an exciting and scary time. There is no recipe for success – often it is about the right idea at the right time – but you can help to maximize your chances of success by planning carefully and reaching out for help from fellow entrepreneurs and experts.
The US Small Business Administration outlines 10 steps to take when you start a business:
While these are the practical first steps that will help you to launch your business, in today’s connected digital world, we would also add some important additional steps:
As you develop your business and begin to grow, another important early milestone will be your first hires. This can be another scary step, even if you think of yourself as a good judge of character.
Understand there will be ups and downs as you grow. Being prepared, updating your business plans, and reaching out for help when you need it can help you manage the inevitable bumps in the road. But perhaps the best way to ensure your success will be dependent on a decision you made right at the very start of your journey: when you chose to do something you love.