It can be difficult having the courage to start your own business. There are some many factors to consider such as your current overheads, those telling you its a crazy idea, the current economic situation, but what about your dream, your passion and your happiness?
In our thought-provoking article, we take a look at the 3 best ways to resolve this, which include
learning about other business people
meeting others who can assist in the start of your journey
researching those who have successful businesses
Researching those who have successful businesses
When you are starting a new business, a new sport, a new hobby the best place to start is to research others who you see as successful. Being successful in a specific field does not make you super human nor are they better than you. They be seen to be more successful now as they started their journey before you, they were given guidance or they copied others!
Coping others is not a new idea. Many of the most successful brands are imitations of a brand plus some more advance features such as Coca Cola was invested in 1886 while Pepsi did not come about until 1893. They are a very similar product but both have subtle difference. You can do the same. You can look at their paths to success and see their hard times, the hurdles they overcome and who they associated or associate with today. You can then try to replicate this. I have read many books on elite business individuals and they all seem to have a routine and surround themselves with talented people. So I ensure I have a daily/weekly routine and only associate with those who bring me positivity.
Meeting about other business people
At Tungsten MG we have found the best way to grow and learn from the best is to meet with like minded and successful business people in person. When you are in normal day to day conversation you can mention what you are doing as you do not know that the partner or best friend who are talking to, and they could hold the key to a lot of doors!
The most common way to meet others is via networking events, either in your specific industry or in general business meeting. The objective of what you want to achieve will impact which event is most suitable and the frequency that you take part. We started off our journey with Property Property where we joined a mentor group and even though we have now left this we are able ti call our mentor for some advice as we have rapport and a relationship. This allows us to bounce ideas off a person that we feel are very successful in property, especially HMO’s.
Our business is contemplating joining our local BNI and British Chamber of Commerce so please check out your local group using the links below
meeting others who can assist in the start of your journey
As mentioned above a easy way to gain contacts is to tell others about what you are doing, and equally if you tell others what you are looking for you maybe surprise about what you find out. So talk to others, ask for help with childcare, ask for help with school runs as you could be helping another parent to juggle their roles. But if you cannot find others around you to help then reach out to an outsourcer. We have done this for our HMO lettings, sourcing properties and also our accounting now. You must remember what your time is worth, so are you concentrating on the high end tasks which make a financial benefit or are you doing the low paid tasks which you could easily pass on???
Do no re-invent the wheel as it has been very successful done already, so read books, listen to podcasts, or talk to your network so you can replicate others success using their tried and tested techniques. You can then what mistakes others made so you do not have to copy their mistakes and you can be propelled quicker towards you goal.
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It's essential to get yourself in the right frame of mind to start achieving the results you want. Once you are aware of these common hurdles you can overcome them by looking into the right areas for support and guidance.
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