There are a lot of entrepreneurs that can make starting a business look rather easy. But, if you ever started a business, you know that business is a process. Today, I am going to talk about the three stages of starting a business.
The first stage is the planning stage. This is a stage where you are branding your business from choosing the name of your business, creating business processes, who will be on your team, the location, and the likes. For most of us, this is the fun stage because we’re in control, and progression depends on the business owner and his or her motivation to finish the task to get the business open. This might be a stressful period if funds are lacking. Nevertheless, the planning stage is where motivation is at an all-time high.
- Tip 1: Plan carefully, but don’t spend too much time in the planning stages just because it feels good to see progression. This can happen especially when you don’t know what to do next. Immediately, begin to execute your plans and get help. You need a team to build a successful business.
Now, you’re ready to open your business. This is the waiting period. As a business owner, you’re no longer in control, you must sell your services or products and hope customers are interested. This is the period that can produce the greatest pain because this is when you get a reality check. Customers just aren’t going to come because you have a good idea or product. You must work hard to earn customer’s trust and that can be difficult.
- Tip2 : In this phase, you need to make an assessment in your business at least weekly. Since this is the area that can be frustrating, you might be making mistakes or not doing enough, and weekly assessments will help you redirect your business and make changes. You need a mentor during this phase.
You feel that you have done all that you can and still feel that you are not where you want to be within your business. This brings most entrepreneurs to the third stage, which is uncertainty. This is the stage that you wonder if this business is going to make it and want to give up. Chances are, you’ve probably looked at too many social media success stories, which made you believe that you should be successful by now. The reality is those, entrepreneurs didn’t share their struggle story.
- Tip 3: Make sure the business you choose is something you have passion in. If so, don’t give up, keep pursuing your dreams because to develop a business, and to obtain success comes in stages. You can get there but you must put in work. Keep trying, stay focused, and have fun while doing it. Remember, life and business is what you make it. Before I forget, one more important detail, if money is an issue you might have to supplement your income until you get your business off the ground.
Basically, don’t over plan for the sake of being busy, do weekly assessments to note progress, and be determined to win. To learn more about T&A Training Consultants visit our Website.