Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

Think You’ve Got What It Takes To Be An Entrepreneur? Here’s Some Advice On Starting Your Small Business

We’ve all been in jobs where we, let us say, don’t particularly love our bosses. It can be incredibly frustrating to work beneath someone you perhaps don’t agree with, or feel doesn’t respect you – and in these moments, it’s easy to dream of one day working for yourself.

Although a lot of people will think it’s an unachievable goal, with the right attitude and attributes, it’s perfectly possible to make a go of things as an entrepreneur. If you think you’ve got what it takes to be an entrepreneur and are interested in starting your own small business, here is some valuable advice.

Be Passionate.

Whatever it is your business idea is based on, you have to be passionate about it. It doesn’t matter whether it’s a make up company or an online property selling business like Readysteadysell.co.uk – being passionate is one of the most integral parts towards the success of any business start-up.

It doesn’t matter if you don’t love what your start-up is about (although it helps!), as long as you’re feeling fired up about it. If you’re not fired up about the idea that you’re trying to sell and promote, then you’re going to have a hard job getting it on its feet. People will only be as enthusiastic as you encourage them to be, so the more enthusiastic you are, the more they will be too. This stands for investors, potential business partners, clients and more.

Get Started.

One of the biggest mistakes people make when they dream of starting their own business, is waiting around for the “right time”. You could be waiting years if you’re waiting until the time is right, so take the plunge now.

It doesn’t matter if you’re still currently employed elsewhere – in fact, it could work out better that you are. Gaining funding for a business start-up can of course be difficult, but what’s even more difficult are those few months in the early days, where your expenses are plentiful and yet your incomings are slow in taking off. If this sounds familiar – then don’t panic, this is completely normal! However it can massively help you to have a second income whilst this is happening, and this is where it’s good to keep your other job in the meantime, if only for a short while. We’re not saying don’t quit your day job – we’re saying don’t quit your day job just yet!

Build a Support System.

Working for yourself, however liberating, can be a lonely game at times – especially when times get tough. This is when it’s a good idea to have a support system in place.

It could be that you start the business with a friend, or you simply have a family member or close friend whom you can confide in about your worries, hopes and dreams. Going it alone can be difficult at the best of times, and simply having somebody to offload onto can be a huge relief.

Or even better, look for a business mentor. It might be that you already know someone, or that there’s someone you look up to in the business world who you can get into contact with. Having someone who’s been there and done it to get advice from is invaluable, so never hesitate to ask questions.

Network in Advance.

No business can be successful without a number of customers and clients in order to conduct business with.

With this in mind, it never hurts to do your networking well in advance. If you can have some potential customers and clients lined up before you actually start your business, then you’re likely to make money a lot quicker than you will if you rely on gaining customers and clients sharpish in the early days. Being prepared is, for many reasons, the key to success.

Make a Business Plan.

All good businesses start with a well thought out business plan.

This will help you to prepare for all eventualities. The last thing you want is to go into a business that doesn’t work out, and ultimately ending up losing a lot of time and money along the way. The more detailed your business plan, the better.

Stay Professional.

Finally, throughout every part of your business start-up, remember to stay professional.

Being professional from the outset will help you to command the respect of those around you – and people will be more likely to take you seriously. It will also set you apart from the less serious entrepreneurs around you, and will also set you apart from the competition. After all, isn’t that what the goal is?

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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