Do You Have What It Takes to Start A Business?

adult-blur-business-630839Have you ever thought of starting your own business? Do you sometimes find yourself wondering if you’ve got what it takes? My short answer is ‘YES’, but let’s dig deeper into this question.

The moment you decide to call yourself ‘entrepreneur’, your whole life changes. Whether you have any knowledge in marketing and sales or not, becomes irrelevant. Suddenly, you become a jack of all trades and need to master a number of new skills including advertising, promotion, sales, designing websites, copywriting, etc.

Your character will have to change a bit too. Do you take rejections hard? You’ll have to get used to that. Do you like to be in control of your environment and you hate when your plans change? Be ready to accept sudden alterations in your schedule or even in your vision and strategies.

If you’ve ever met me personally, you probably know that I’m a bit of a control freak. Or I’d like to think I was before I decided to start my own business. Entrepreneurship is the best remedy for this “disease”. You learn how to be ok with constant changes, how to make fast spontaneous decisions, be more flexible and work completely out of your comfort zone.

So, what would it take to start a business? Do you have to be born an entrepreneur or you can develop necessary qualities when you need them? Is it a question of nature or nurture?

In my humble opinion, it’s NOT something you’re born with. All you need is an idea for your business, a lot of passion for it and the desire to learn everything you need along the way. blackboard-business-chalkboard-355988

Henry Ford said a long time ago: “Whether you think you can, or you think you can’t, you’re right!” So, here’s your answer. Pretty clear and laconic. And I will add – you can do much more than you think! Just believe and start acting!

So, it’s time to conquer your fears and start making the first steps. Here’s a little plan for you:

  1. Run your idea by a number of close friends or just people whose opinion you respect.
  2. Study your target market to make sure your product or service will be in demand.
  3. Prepare a business plan and have somebody with business background read through it and give you their feedback.
  4. Remember that you might have to change your plans along the way.
  5. Get ready to work extra hours, sleep less, read more, study all the time.

apple-device-blur-blurry-273222All further steps will depend on the type of business, industry and other factors. If you’ve never developed a business plan, there’s an awesome software you can buy for just $20 per month. It’s called LivePlan. You can use it just for yourself and your team or to send the plan to your potential investors.

If you have any questions about registering your company, choosing its type (LLC, C Corporation, S Corporation, Partnership, etc.), write me a message or ask in the comments below. I will be happy to help and share my own experience.

Enjoy! This is an exciting journey!

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How Not To Give Up On Your Goals

25564102680_83844b1d7f_kThe first month of 2018 is coming to an end. Every beginning is exciting and inspiring! We’re full of motivation and hope. We believe we can move mountains, but then life happens. What keeps you from reaching your goals and fulfilling your new year resolutions?
Here’re a few ideas from my own experience how not to give up and stay motivated:
1.  Find a friend who would become your accountability partner. You can meet once or twice a month to share your goals and then report on them.
Last year one of my new friends became a huge blessing for me in this area. She inspires me to stay on track, be more organized and continue moving forward.
2.  Choose one social media to report on your goals to all your friends and followers.
One of my acquaintances decided to report each run on Twitter so that all his followers would keep him accountable. It helped him train for and then run several marathons and half-marathons.
3. Set realistic goals and make sure they’re relevant and important for you a few months later.
Sometimes we set a goal, but then in a few months it seems unimportant. We lose motivation and of course give up on it. Make sure it doesn’t happen with you.
4. Use Stickk.com to keep you accountable.
There’re actually several other websites which operate similarly and have the same purpose. They are set up in such a way, that you have to pay money to a charity or anti-charity if you don’t accomplish your goal by a certain day. In my case it’s www.stickk.com. It’s been incredibly helpful! I used for four of my goals, and it proved to be exceptionally effective.
These are just a few ideas. I’m sure you have other tips of your own. Please share with me, what do you do to stay motivated? What helps you stay on track and not give up on your goals?

Do You Have a Mentor?

I love discovering new interesting people who I can learn from. We all know how important it is to have a mentor if we want to grow personally constantly. As for me, I don’t have a real mentor even though all my friends teach me something. It’s a great honor and pleasure to learn from them since each one of my closest friends is an incredibly intelligent person.

I am proud to say that all my friends constantly feed my brain with ideas and help me grow although they are not really my mentors, they are my friends.

There are several people who I can call virtual mentors. Jeff Walker and Marie Forleo have been such people for me in the last few years. Their experience and wisdom helped me understand a lot about business. Their weekly and sometimes daily videos gave me a chance to learn from them on a regular basis.

Recently I’ve discovered several new people who started inspiring me even more: Michael Hyatt, Rory Vaden, Simon Sinek. All these successful entrepreneurs and fascinating personalities  have a message to convey and an experience to share. Why not use the opportunity that our online world gives us?

Who are your mentors? Is it somebody you know personally or virtually? Can you advice an interesting public figure who helped you grow personally and professionally?