Don’t Make These Three Entre-Mistakes!June 12, 2013 - Author: KishaLynn Elliott
Starting a new business involves making plenty of mistakes. I’m sharing three big mistakes I made in hopes that you can avoid them!
1. Not having a written business plan
If your dream is starting a business, you need a business plan. No, that doesn’t mean 30 pages of MBA worthy material. It’s simple a written plan that answers these core questions: What am I here to sell? Who am I selling it to? How will they found out about it? How much money will I make selling it? Six months AFTER launching my business, I sat down and wrote a business plan. It was eye-opening! It opened doors as well. Suddenly when asked, “How do you make money as a life coach?” I had a better answer than: “By enrolling clients…hopefully!” You don’t have a business until you have a plan. “A goal without a plan is just a wish.”
2. Not working with a coach to build your business right away.
If you balk at the cost of quality 1-on-1 coaching when starting your business and opt to take the self-guided “affordable” route, then consider the cost of this blind leading the blind strategy. Making rookie mistakes will cost you far more money from the start than what it costs to invest in quality coaching for yourself and your business. I wasted more money and time my first 6 months in business than the most expensive coaching programs I said ‘no thanks’ to early on. Then, by the time I realized the damage I was doing, I barely had enough money to get the coaching I needed. Find your ideal coaching partner NOW and make the investment in yourself! Instead of saying ‘I can’t afford it”, work your resources to make it happen. Try negotiating a payment plan.
3. Not admitting you are terrified.
Yes, you read that right. It’s a fact of like that starting a new business is
some scary stuff! That fear will lead to failure if you don’t know what to do with it. Hiding from fear doesn’t work. Facing your fears so you can overcome them is the best, and hardest thing, for any startup entrepreneur to do. Awareness of that fear allows you to explore ways to shift your emotions so that you can take action anyway. Action is where the money is. I didn’t realize or admit how scared I was until I was almost ready to give up on my business. Only once I gave myself permission to admit I was afraid was I able to do something about it. Learn what to do with your fear. Face it so you can shift it.
KishaLynn Elliott is a certified coach, inspirational speaker, and author of the Amazon Kindle bestseller, A D.R.E.A.M. Comes True: 5 Steps to Planning and Creating Your Personal Success Story NOW! She inspires people to live the life they want by teaching her proven 5-step manifestation system. To read more, visit www.thisstuffsworking.com/blog.