Good Advice from Successful Business Owners

You either build a freelance career or start a business of your own. These two are good paths to follow as you learn a lot from these experiences because they are extremely hard to succeed. Of course, starting a business is the hardest thing of all, especially when you have nothing to begin with.

If you’re the kind of person who can’t take orders from an arrogant boss and want to start a business, there are some valuable pieces of advice from successful small business owners that you should definitely keep in mind.

Therefore, in today’s post, we’re presenting our top 6 great pieces of advice from successful small business owners.

1. Evan Farmer – Know your Finances

As a future small business owner, you have neither the capital nor the team to do your finances, especially when you struggle to open your business because everything has to be in accordance with the law.

Evan Farmer, the owner of Cuppa Coffee, stated that in order to succeed, you need to know your finances because once you truly understand finances, running and growing your business will become an easier job, according to Assignment Man and AustralianWritings.

This is something Evan learned in time, and he isn’t actually the one who deals with the finances as he is a more creative person, but his partner in both business and life, his wife, successfully manages the finances.

2. Dr. Mehdi Yazdanpanah – Don’t Be Afraid

Starting your own small business is a big step in your life, so, naturally, you’ll feel some overwhelming emotions and fear is definitely one of them. Just think about what it means to start your own business—new experiences and living out of your comfort zone, lots of challenges and obstacles, and many skills to learn on your road towards success.

Dr. Mehdi, the founder, and CEO of NaugaNeedles, when asked about a piece of advice for new small business owners, said, “Don’t be afraid.”

He said that because at the beginning, many entrepreneurs are afraid to start their small business because they are afraid that they won’t manage to get enough funding and they lack experience, and they shouldn’t fear because these kinds of things are gained in the process, relates EasyEssay and Essayshark review.

3. Mark Newman – Lean on Your Team

A small business can include even only two or three persons of which one is actually you. Therefore, having “many” persons in your team, you will have to make sure that you can lean on them. In a small business, trust is key advises Mark Newman, the CEO of HireVue.

As well, he considers your actual employees the best resource a small business can ever have. Mark learned that your employees may come with amazingly insightful ideas for your business as they already know all about it and the customers. As well, instead of providing professional training for new employees, you can just let the actual employees teach him all the tricks he needs to know, according to Best Essay service and UK Essays.

4. Laura Kelly – Build a Support Network

Sometimes, being a small business owner turns into an isolating experience, which can make you lose touch with the rest of the business owners. And that’s exactly what Laura Kelly experienced at a point in her career when she started a company that runs needlework called Handwork Studio.

Therefore, Laura advises everyone who wants to start their own small business to build a support network and stay connected with other small business owners, relays assignment writing help and Grabmyessay reviews.

Not because it can get lonely, but because you keep in touch with new trends and opportunities that will help you grow and improve your business. As well, this way will be easier to spot out the business’s problems and learning from other’s mistakes.

5. Mark Mathios – Find your Best Niche and Stick With it

Sometimes, in an owner’s desire to satisfy all his clients, he diversifies too much, but sometimes, simplicity is the key to success. At least, that’s what Mark Mathios learned in his experience with his small business, Ace Apparel. He simply replicates the magic of a product that was already successful.

His message is that if you’re really good or even the best in your niche, you’d better stick with it rather than ruining it all in your attempt to bring more new customers in your business because it rarely works as you imagine.

6. Sara Blakely – Keep Your Day Job Just a Little Longer

One of the biggest traps one can fall into when he wants to start his small business is quitting your day job way too soon. And more people than you’d expect are falling in this trap simply because they’re too excited to start their own business. Of course, eventually, they will fail because of the lack of money.

And that’s exactly what Sara Blakely advises because she considers that her success is thanks to not falling in this trap as she kept her day job. But she admits that she lost a lot of sleep in the process as, after all, you can’t have it all. She only decided to resign at the moment she was 100% sure that her business idea would work.

Conclusion

All the above-mentioned persons started their business from scratch and it all started with an idea or a dream. They’ve been through rough times and they busted their asses to be where they are right now. There’s no easy way to follow when it comes to starting your own business.

You just have to keep your faith straight because when you truly believe for a good reason that that business is what you’re supposed to do, you will find your way to do it. Follow their advice, try to not make their mistakes and keep doing your research about the most important things you should do and shouldn’t do when you start your own small business.