With more and more people starting their own business, becoming self-employed and or working freelance than ever, I thought it might be interesting and helpful to ask people for their top tips for new small business owners.
To help you with your start-up or new business I asked them
What advice would you give to someone starting their own business? I got lots of answers and so here are just a few…
At Least – 20 Tips for New Small Business Owners
It’s a lot easier to drop prices than it is to raise them. So – thinking about VALUE not simply price is always the right approach
Don’t go too far without getting an accountant who you can truly interact with.
Mike Briercliffe, Leadership at Computers since 1976
Don’t start unless you can set up and survive 3 months with zero income!
Value yourself from day one. Don’t undersell your services, because increases in hourly rate are harder to explain than a fair rate for your work from the start. You’ll lose more potential business increasing rates than you will by setting a fair price from day one, and potentially
Enjoy it because it’s something you have enthusiasm and passion for not because other things failed – so believe in yourself
Know your offerings worth. Set your pricing to that. Dot undercut yourself or you’ll always get clients that drain you.
Keep your overheads low!
Amy McCloskey Tobin, Writer. Editor. Content Strategist. Speaker at amymtobin
Be profitable in 6 months or stop/pivot
Go for it! Don’t listen to anyone who discourages you unless they have gone into business themselves!
Tim Berkesch, Worked at Crowdify Club
Don’t be afraid to take risks.
Michael Knight, Motion Picture Visual Effects Artist / Graphic Designer / I.T. Consultant at Mass Illusion
Be confident on WHY you created the business and know the strengths you bring that makes the business unique – your WHO. Make your WHY and WHO the foundations for all decisions – stay authentic and true to those foundations.
Richard Flewitt, Change Maker at The Change Makers
Things take 8 times longer than you think they will. Plan accordingly. Secondly hire good staff and pay them well.
Lisette Johnson, Case manager/healthcare navigator at YWCA Richmond
I’d say that my top 4 are: keep overheads as low as possible; keep overheads as low as possible; develop your brand and stay true to it; identify your goal and stay focused on it; be awesome!!
Janet Mohapi-Banks – Entrepreneur Coach at http://janet.mohapibanks.com/
Always make your customers feel appreciated 💕
Very Thick Skin…It’s a Must
Steven Hughes, Director of Marketing at DashBurst
Do what you love.
Julian Hall, Founder at Ultra Ltd
Know that heart. Do not listen to naysayers. Surround yourself with people who are older, wiser, and can allow you to process outward what you do not know.
Elizabeth Traub – Owner, Designer, Buyer at Skip To My Room
Surround yourself with good people who want you to be a success.
Garry Pickles, Managing Director at Online Media Direct
And My Favorite Tips for New Small Business Owners
The best advice I could give you is to love what you were doing and expect to work 24 seven, be patient surround yourself with people that encourage you and mentor you. If you are prepared to work and work hard you will succeed but the most important thing is you better love what you do
Mary Kay Evans Philosopher – Carepathways
Get the balance right between working ON your business and IN your business. Be prepared to do the things you don’t like doing or pay a professional to do them. Either way they need to be done! Don’t stick your head in the sand! 🙂
Start early while doing your full time job, then slowly go full time. And don’t quit so quickly. Always learn and adapt.
And stop trying to find the perfect “theme” just start.
Aaron Lee Wei-Ren is the chief geek at http://askaaronlee.com/
There are some really lovely, inspirational tips here – so I really hope these Tips for New Small Business Owners help you to keep going