5 Pieces Of Business Advice For Start-Ups
It turns out running your own business can be complicated. One of the first things I learned was you need to be more organized than if you work as a company employee. HR, accounting, banking, contracts, there’s a tsunami of ‘stuff’ you have to wade through before you even pitch for business. Or do any work. And it’s ongoing, so it helps to get organized. Even if that doesn’t come naturally…
Know when to say no
The temptation when you start is to say yes to everyone and everything. Especially the pro bono stuff. For many of us, our time is what people pay for. So don’t give it away. Conversely you need to gauge when longer-term gains can be had from a little try before you buy.
Go to bed
Occasionally you need to just stop and go to sleep. There will be times when a nightshift is necessary, but don’t give into the temptation of always working past midnight. Get some rest and be more productive tomorrow morning.
A little skepticism goes a long way
Most of the people you come across (especially those going through a similar start-up stage) will have your best intentions and success at heart. This is not the case with everyone. Be guided by those first impressions of people who want to do business with you. Seriously, what are their motives?
This was one from my dad. He said: “Take care of business and everything else will take care of itself.” I didn’t get it at first, but essentially he’s saying concentrate at what you’re good at. Don’t get sidetracked, focus and take care of business. Elvis had a similar motto (takin’ Care of Business) and Liam Gallagher has it tattooed on his arm. I don’t think either were what my dad was referring to. Or maybe he was. I should ask.
David Granger runs Fact 51 a digital and social media agency which
helps companies and brands with their online strategy and content.