• 3 Things I Wish I Knew When Starting My First Business Account
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Starting a small business is no small decision.

But despite the countless sacrifices and challenges small business owners face, an overwhelming 84 percent of small business owners would do it all over again.

If you’re thinking about taking the plunge and starting a business of your own, there are some key steps you need to take first.

This discount is worth taking into account when you see opportunities that might have value to your business: what might not be worth $1,000 may well be worth $858. I bragged on Twitter that I had 8 things I wish I knew before starting a business, so for now consider #7 and #8 reserved for a future post. Motivation 12 Best Books for Business Newbies Books can be the solution to many of your greatest challenges in business. Start the new year with this essential reading list. To those of you who are just getting started, wanting to begin, or find yourself in a slump with your business (I think most of us can fit into one of these categories), I want to share with you 6 things that I wish I knew before starting my company. These are things I’ve learned the hard way, but are vital to success and sanity. 9 Things I Wish I Knew Before Starting A Business My most-prized function on any computer is the “Undo” button. No matter the mistakes, missteps and indiscretions I make, I know I have the power to go back in the past and make everything right. In the beginning days of my business, I was so protective. Protective over my ideas and my works. I didn’t want to share them or give others ideas so I stayed in my own creative bubble. I avoided my creative community and therefore missed out on so much!

Below are some of the top tips I have given through mentoring over 1000 SCORE clients and acting as an angel investor.

These tips spring from what I see successful entrepreneurs do and what I see those who come up short not do.

Here are the 10 things you need to do before starting a business

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1. Develop a powerful message

What customer problem are you solving that potential customers are willing to pay for? This is often called the value proposition.

Also, why will your business be operationally and financially successful?

Not sure where to start with marketing? That’s why we created The Download.

The Download is the ultimate practical, step-by-step guide to online marketing. In this free guide, we’ll show you how people find you online and how to set yourself up for success to meet your business or nonprofit goals.

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2. Focus on the customer and fully understand the market

There are many examples of companies that do not have the best product/service or are not first to market, yet are very successful because they have mastered online marketing and sales.

Research the demographics of your potential customer base and understand their buying habits.

Watch competitors, talk with similar businesses, browse your competitors’ websites, and understand what their customers are saying about them on social media.

3. Start small and grow

If possible, self-fund your business idea and then go for funding when you can create a growth story. This might cause you to break up your product/service offering into smaller pieces so you can fund the early stages and get some traction and experience.

Tip:Use this advice to determine how much cash your small business should have.

4. Understand your own strengths, skills, and time available

When running a business, know when you need to engage an accountant, lawyer, insurance agent, marketing specialist, web page designer, or other professional. This will start your management process as a business owner.

Constant Contact offers a variety of professional marketing services for those who need professional assistance or want to jumpstart their online marketing efforts.

5. Surround yourself with advisors and mentors

Launching and growing a business is difficult, and more than half will fail within 5 years.

No one person can have all the knowledge, experience, or even perspective to handle every business situation. Gain from others’ skills and experiences.

6. Get a mentor

If you’re not sure where to find a mentor, SCORE is a great place to start. SCORE mentors are free — just visit www.SCORE.org to find a face-to-face mentor near you or a mentor to contact via email or Skype.

Also at this site are many free workshops, webinars, and templates all focused on helping entrepreneurs successfully start and grow a business.

You can also find mentors on sites like LinkedIn, by attending a local small business meetup, or just asking around. You might be surprised at people in your circles who can offer useful advice based on their experiences.

7. Write a business plan

Starting a business is difficult and risky; it’s easy to spend all your time and resources at it. Before you start, figure out what type of business you will have. Will it be a sole proprietorship, partnership, corporation or LLC? Then put together your plan.

Having a written plan with your projected results and personal goals is the best way to stay on track.

3 Things I Wish I Knew When Starting My First Business Account

As an example, your business may make a $20,000 profit. But if you live in a large city, support a family and maybe elderly parents, and are trying to save for kids’ college and retirement, then most likely $20,000 is not enough.

A business plan will put your ideas in concrete terms and help you identify places to change the business model where necessary.

8. Know your numbers

Have a good grasp on the numbers that tell you how your business is doing and what you can expect. These include your start-up costs, sales, projected profits, cash flow, and much more, depending on the nature of your business and how you define success.

You will be making many decisions “on the fly” and knowing the numbers — the business economics — will help ensure you make the right decisions.

Look for ways to cut costs where you can. Use cost-effective tools like email marketing and social media marketing to drive awareness, rather than pricier traditional advertising methods.

Tip: Here are 10 ways to market your small business on a shoestring budget.

9. Understand there are no entitlements

Don’t underestimate this one: You will work hard for all your achievements. Dmg of a small bastard sword 3.5.

Being a small business owner is one of the hardest jobs around. In a recent survey, 40 percent of small business owners said they don’t take vacations and have their money tied up in their business.

10. Have a passion for what you are doing

3 Things I Wish I Knew When Starting My First Business Card

Being a business founder can be very lonely and there are not enough hours in the day to accomplish everything.

From big successes to large letdowns, if you’re not fueled by passion at every step of the way, your job becomes that much harder. Remember why you started your business and let your passion drive you continuously.

When in doubt, don’t go it alone

3 Things I Wish I Knew When Starting My First Business Cards

Just because you’re taking your ideas and turning them into reality doesn’t mean you need to figure everything out on your own. There are plenty of online marketing tools available to make your job as a small business owner easier. But tools aren’t everything.

To position yourself for success, you’ll need to tap into the expertise of those who are experienced in the small business world of the digital age. A good place to start is with The Download, Constant Contact’s free online marketing guide. It takes you through all the basics of online marketing, step-by-step, in a way that’s approachable and easy to understand.

Sometimes a guide isn’t enough and you need additional support. That’s ok, too! Ask around to friends and family who have dabbled in small business, go online and connect with a mentor, or if you don’t know where to start, give Constant Contact a call at 1-888-IDK-MKTG (1-888-435-6584) and speak with a marketing advisor.

You’ve got this!