Top 3 Must Haves When Starting A Business

If you have done any amount of research out there on starting a business, then you know everyone has an opinion and a list of the things you need for starting one.

Now I have started my fair share of businesses through the years and I have learned a few things from my mistakes.

So here are my top 3 must haves for starting your business.

temp blog picOrganization-

I LOVE organizing! Organizing is easy to me because I enjoy it so much and because there is not much in my life I don’t organize.

But organization is a very powerful tool that not everyone uses.

For example: If you look in my closet you will see everything organized by season and then also sorted by color. I like this because I know exactly where each article of clothing is located, and if it’s not there then I know it’s in the laundry.

My boyfriend, on the other hand, prefers to keep clean/dirty laundry in one giant pile in the corner of the room.

He thinks he knows where everything is, but frequently he is “sorting” through this pile looking for something he may never find.

It’s the same way for your business.

For obvious reasons, if you do nothing else, please take the time to keep your finances organized. Not just your business finances but personal too.

I for one keep tight track of every cent that comes in or goes out of every one of my accounts. I could literally tell you how much I spent on what and when, and I keep to a strict budget.

I’m actually planning a blog post just on how I organize finances, so keep an eye out for it!

It’s also very important to keep a task list. It’s easy to lose sight of what needs to be done during the day and it can leave you feeling unproductive and overwhelmed.

For example, I keep all my tasks organized in Trello. I have a master task list where I jot things down when I think of them or when I’m goal setting.

Then I have a separate list for each day of the week for the next 7 days running. These individual days get filled with tasks from my master task list as well as any other urgent tasks that come up.

I try to keep a max of 5 tasks to any one day and if I don’t get something done it gets moved to the next day, also if I get everything done and have time to do more I can just grab from tomorrow or my master task list.

The bottom line here is that organization will help you save time, headaches and stress if you use it. Organization may not be as “fun” for you as it is for me, but if you take it in bite-sized pieces every day you will see it’s many benefits.

Mindset-

Keeping your head in the right frame of mind can go a long way toward your business success.

Along the way at some point, you may start to feel a little discouraged. Maybe it’s because you have been working hard and putting a ton of time in and just not seeing the results yet.

Then you start to have days where you doubt your decisions, your goals, and even your own skills.

From my experience, these days of doubt will pass. My suggestion is to make a list of the reasons WHY you’re starting this business. Is it to make more money, follow a passion, or just so you can be your own boss?

Make a physical list and post it somewhere you can see it, especially days when you get discouraged. I’m also working on a vision board, where I post images and inspirational quotes to help keep me focused on where I want to go.

I also highly suggest you spend the money and invest in getting a business mindset coach. It doesn’t have to take a huge chunk of your budget either.

It’s extremely helpful to have an outside opinion from time to time on your goals and actions. Not to mention having a coach can help you get to your goals faster and in a much straighter line than going it alone.

Goals-

I will confess that I have a hard time setting goals.

Some large goals are easy, but then you really need to break those down into smaller, more manageable goals. It’s really the breaking down part that most people get stuck with what to do.

We all know that having goals is important. It’s essentially the rails that our little train runs on so we need to make sure they are at least pointed toward some destination, AKA, your main goal.

Now, to keep the track as straight as possible, we need to set smaller goals along the way. Otherwise, we may end up in the complete opposite direction of where we want to go.

It’s also important to understand that goals can change over time as well. This is why it is important to revisit your goals on a regular basis.

When I goal plan, I try to set goals for the coming year sometime in December. I then break those large goals down into quarterly, monthly then weekly goals.

I check up on what I have accomplished, things still on my to-do list, and readjust as needed.

It’s also a great idea to make an accomplishment board so you can visualize all the goals you have set and achieved. When you are your own boss you have to point out your accomplishments to yourself.

So get a whiteboard or poster board and spell out your goals and be sure to make it a big deal when you meet that goal.

Don’t forget to treat yourself to a nice reward as well. Maybe dinner at a nice restaurant, a massage, new outfit, whatever you want.

This is actually one of my biggest challenges, recognition of my own wins. I often meet a goal and then move right along to the next thing without a second thought!

Calling attention to and recognizing your wins that have come from all your hard work is very important.

Time to Take Action-

So make sure you take time to organize your processes and finances.

Keep your mindset positive and focus on your goals, be they big long-term goals or smaller short-term goals.

And don’t be afraid to get help and second opinions from a business coach or other like-minded business owner.

Once you get these 3 things down and apply it to every aspect of your business and life in general, everything else will seem much easier.

 

 

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