If you’re thinking of leaving your 9-5 and starting your own business, you’re probably nervous as hell right now.
We get it. Starting your own business is stepping into the unknown and if you’re like every other entrepreneur out there, you’re bound to make a few mistakes along the way. What’s important is how we learn from them and bounce back.
So, in the spirit of learning from our past mistakes, we asked our members, “What do you wish you knew before you started your business?”
Soak up this great advice from our community of female entrepreneurs who have been there, done that, so you won’t have to…
1. “Keep the big picture in mind. Small steps are just fine.”
2. “Put my family first! Our children are young for a very short period of time, and it flies by!”
3. “Pay for advice – it may seem a lot at first but it will save a lot of heartache later! Lawyers, accountants, book keepers, business bankers, other business owners of similar operations – their advice from experience is priceless.”
4. “Be present and enjoy the process. Often I like the prep more than the event and I feel business is like that. You think, “I want to be there,” but it’s the getting ‘there’ that’s the cool challenge.
Also, it’s hard work to get to 10k on Instagram!”
5. “That your best source of advice is your own intuition. You can go externally for inspiration and professional advice, however the final choice needs to come from within. Check in with the values of those who you allow into your business and make sure they align with your own.
6. “BRAND IS KEY. Marketing is just as important as the product!”
7. “That it’s okay to make mistakes, but share your mistakes so others may learn from them.”
8. “Don’t give up!”
9. “It’s 10 times harder than I thought it would be. In the excitement of launching a new business it’s easy to forget the not so fun part – that is essential to make it work. Think through the whole process and identify what you don’t enjoy doing and weigh these against the fun things you’ll be doing. If you need to outsource some help, make sure to add this to your budget!”
10. “There are only so many hours in a day to maximise the potential. Don’t sweat the things beyond your control. Always deliver to what you have committed – under promise and over deliver with a smile. If you make a mistake, we all do, apologise, take responsibility and learn from the experience without beating yourself up for the next year or so. Paying fortune forward is added value to personal and professional satisfaction”
11. “Making mistakes is actually a really good thing, you learn from each and every one!”
12. “That outside of the corporate institution I was working in, no one knew who I was or cared about what I was capable of. And that queues weren’t going to be formed at my door when I announced I was starting my own business.”
13. “That I am worthwhile.”