Owning your own business is an idea that has grown immensely popular in the last few years. Being a business owner, I get asked basic and simple questions all the time via phone call, email, or social media about how to be successful in business.
The first question I always get asked is, ‘How did you get started?’ Most businesses are started out of a need and out of necessity. My business was started by meeting someone’s needs. A guy simple walked into my office and asked for help meal planning. After helping him, and some of his friends, and then some of their friends, we decided to create a small meal-prepping business. This business met someone else’s need, and also met our need to make more income.
The second question I am often asked is, ‘How did you grow your small business?’ The first thing I did NOT do was go borrow money to fund an idea I thought might work. Instead of going into debt to start your business, make money slowly, and grow slowly. While growing your company slowly may not be the most appealing idea, it is way more likely for your company to have lasting success if you grow slowly. I advise you to take the money you make and invest it back into your company. That investment may cost you in the present day, but it will ultimately help you make more money in the long run. How did I do that? I spent eight thousand dollars I barely had, on a smoker for my business. Four months later the smoker had paid for itself, and now years later is still making me money.
The last question I get asked by business owners is, ‘How do you set goals?’ To be frank, my thoughts on goal setting is a little different then most books or speakers you hear from. While I do believe in yearly goals, quarterly goals, short term goals, and ten-year goals for your business, I believe more in setting personal goals that go alongside my business.
When setting goals for your business, make the short term necessary goals to be successful, but also make the goals for your personal life that go alongside your business.
If you are a small business owner or are considering starting a small business I hope these helped answer questions on getting started, growing, and goal setting.