Four tips to have in mind when planning to start a small business venture.
Do something you know
knowledge is power. Go for something you have an extensive knowledge about. “It’s not knowing what to do, it’s doing what you know”, Tony Robbins.
Putting a lot of money into starting a business is enough risk in itself, you don’t need to add more risk by not having a reasonable knowledge of the area you are interested in starting the business.
Do what you love
This will not only make you want to learn more every day, it will also, be your Major source of motivation – you push yourself to succeed more because you like what you are doing.
It will not matter to you how many times you fail, if you are passionate about what you do – you are going to push harder until you make it. It’s the best way to make money and possibly the “easiest”. You can read more on this subject in the book titled, “Work with Passion, how to do what you love for a living” by Nancy Anderson. It’s a great book.
Get a mentor.
You might have all the knowledge of the business but you lack the experience. A mentor will walk you through the ups and downs of the industry. They will give you a very genuine feedback on the business.
Generally, Mentors are the best people, they will always be there for you when you need any business advice.
That’s all I have for today, have a blessed week!