3 Inspirational Tips For Starting a Small Business

by Alex Feldman

July 2, 2019

The fact that you’re here looking for motivation and guidance is a great start – this means you’re serious about your business venture and aren’t just pushing it to the back of your mind. One of the biggest hurdles is turning that idea into action, and deciding that it’s a plan and not a fantasy. 

So many people these days are deciding to open up their own businesses – this means there is a growing number of information and guidance available to you from people who have done it, too.

Here are three starting points to consider which will hopefully help to get you in the right frame of mind. 

Decide On the Area 

This may sound obvious, but there are so many options out there that it can be quite overwhelming to ensure that you’re going down the right path, even if you know which general market you’re aiming for. Perhaps you’ve decided you want to open a contracting business, for example – but what kind of contractor do you want to be? A handyman? A technician? Maybe a painter and decorator? 

Starting your own business is an opportunity to do precisely what you want to do, so take the time to do your research and choose wisely. To alleviate the small worries, always ensure you consider the best insurance for the area you decide, too. With this example, you can find cost-effective contractor liability insurance online.

Don’t Let Fear Stop You 

Starting a business and becoming your own boss is a scary prospect, and that’s never going to change. You begin to think more about the risks than the rewards, and in next to no time, you’ve accumulated a huge list of exactly why you shouldn’t start your venture. 

Fear of failing in life is natural, but you’re never going to have the life or career you want if you don’t try. The key to overcoming this in business is positive thinking. Sure, it’s not a rock solid, guaranteed method that will 100% make your business succeed, but if you’re already thinking that you’ll fail before you’ve even started, then your business venture will never work. 

Believe that you can succeed, put your heart and soul into succeeding, and this will lead you to your goals. 

Be Receptive to Everything

Deciding to be an entrepreneur means you have limited knowledge and experience, even if you’ve done all your research and planning. It’s important when starting out to listen to what those around you have to say, take good advice on board, and always be open to learning something new along the way, whether that be from loved ones or business professionals. Your family and friends will be supportive, but you need to ensure they are not just being polite and that they are giving you honest feedback. 

Keep notes and track of information you learn along the way, as you may receive a crucial bit of knowledge learned from someone with more years of experience in your business than you have.