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Easy 10 Step Checklist for First Time Entrepreneurs
You don’t have to be a celebrity, super rich or even a man to start your own successful business. There are plenty of women out there who are great entrepreneurs and have done so from the comfort of their own home. Plus, did you know that more than 9.4 million firms are owned by women? Women tend to be more ambitious and thus more successful than their male counterparts when it comes to starting a business. But for women, it can often be a difficult task as they are usually juggling family, wife and household duties along with trying to build their startup business. Even with all of that, building a successful business can still be done. With some hard work, vision and timing, you can also become a successful entrepreneur! We’ve created a simple 10 step checklist for all first time entrepreneurs to help you get started!
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1. Decide on a great name for your business
Coming up with a fun, catchy name for your business is no easy task but it can have a significant impact on your success. Choosing the wrong name can bring about headaches (think legal and business hurdles) and may turn potential clients off.
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2. Life Long Learning
Becoming an entrepreneur also means that you are constantly learning and solving problems on the go. Each day that you have your business, you’ll most likely learn something new – whether it’s about your product, your client base or simply how you do business. To keep up with the latest in business innovation, dedicate time daily to reading blogs, newspapers, magazines and books.
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3. Build a great product
You want your product or service to be great from the get-go. It has to be different from everything else out there and important to your target audience. If you think you have a great product, get it out there to the market. You’ll want as much early customer feedback as you can get so you can improve if need be.
4. Become the best salesperson for your brand
In order for your business to be successful, you need to be the best salesperson you can for your product or service. You not only have to sell your business to potential customers or clients but also to prospective investors and employees. The key is to practice – practice and refine your pitch, get regular feedback and learn to make changes as needed. You need to show confidence, be positive, listen and show them you’re trustworthy. You must ask for the sale and always follow-up.
5. Create a great website
Devote some time and effort to creating a great company website. So much is done online these days that a great site can be the difference between a successful business and a bust. Your prospective investors, customers and partners will be checking out your site so you’ll want to make sure you impress them from the very beginning.
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6. Market, market, market
In order to have a successful business, you need to be constantly attracting, building and educating your target market. Make sure your marketing strategy includes SEO, social media marketing and press releases for significant events.
7. Hire consultants and freelancers to boost your team
When you’re first starting out, you’ll most likely only have a few people on your team to minimize expenses. For specialized expertise, turn to freelancers or consultants. You can use them for what you need without having to pay for benefits or other employee costs.
8. Disconnect
When you first start out (and even once your brand takes off), it’s easy to sit in your home office and work day in and day out. Make sure you take some time each day to disconnect and get some rest. Not only do you need physical rest, but your brain needs a rest too. Disconnecting can also help you see and solve problems from a fresh perspective the next day.
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9. Create a brand for yourself
No matter what your product or service, it’s important that you have a strong personal brand.
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10. Commit to personal fitness
Just like you need to take time to disconnect, you also need to take some time for yourself to workout and keep healthy. Because we all know health = wealth. You can be super successful but if you aren’t healthy it won’t make a difference! And to keep you comfortable and supported while you workout, check out Shefit's Ultimate Sports Bra for small tatas to large breasts. This customizable high-impact sports bra is perfect for any cup size. It will keep you supported and comfortable as you get your daily workout in!
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No one said starting a business would be easy, but if it’s something you really want and you can dedicate the time to it, then the world is your oyster! And remember to stick with it – just because some ideas might not pan out doesn’t mean all others will too. Having your own business is an adventure – one that will take you down many different paths. So embrace all the challenges and rewards it can offer you. Just keep this checklist in mind as you venture on the path of a first time entrepreneur!
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Photo credit: Bigstock, Pixabay