Hey my loves,
June 3rd was my first official day as a full-time entrepreneur!! During the first week, I experienced a roller-coaster of mixed emotions: challenges, confusion, moments of overthinking and doubts, determination, sweat, tears, love, and grace from God. Even though I don’t regret my decision and I’ve been preparing for this transition for quite some time now, I learned a lot about my business and myself during that first week of my transition. It gave me time to think. Leaving a steady paycheck for a life of entrepreneurship wasn’t an easy decision for me at first, and I don’t encourage anyone to leap in the water of entrepreneurship blind-sided without thinking of the pro and cons first. As I’m on this journey of transition and new beginnings, I’ve learned 6 strategic things that is helping me as an entrepreneur that I would like to share:
Put In The Time & Work.
You have to ask yourself if entrepreneurship is what you really want. Are you willing to dedicate yourself to the countless hours and working when you don’t feel like it? It’s a whole new ball game because you don’t have a boss hanging over your head making sure you’re completing all your duties. Being accountable for yourself is telling yourself that you have to put in the work in order to see the fruits of your labor. I’ve always heard the saying “success overnight” takes about 10 years. If you are a part-time or full-time entrepreneur, the success in your business will be the result of how much effort and time you invest in it. Your mindset has to match the goals you have set for your business. You can’t expect to make $10,000 in a week on sales if you’re spending and wasting time on things that has nothing to do with your business. Sure, miracles happen everyday, but your business can’t manifest into what you want it to be out of laziness from your end. PUT IN THE WORK.
Expenses/Financial Stability
Watch your spending. Those iced lattes (or whatever your obsession may be) that are purchased every morning by you needs to be downsized to getting them 2/3 days out of the week if that’s what its going to take to save money. Sacrifices must be made once you start your own business. For more help on budgeting and watching your financial reports, a lot of entrepreneurs hire accountants and financial advisers especially when they reach the 6 figure status. Create healthy financial habits and be more responsible in money making and spending decisions. If it doesn’t benefit your business in any kind of way, use that money for something that will benefit it.
Find Your Buyers and Know Your Audience.
Know your business. Know your brand. Pay attention to what your audience reacts the most to and what they react the least to. Study your analytics/stats and research what works and what doesn’t work for your business. If you see your audience loves buying apparel from you, be creative and continue to give your buyers new products that will sell. It’s also important that you listen to your audience and ask for feedback about your products/services. Never be afraid to network with other entrepreneurs. This can open doors for future opportunities as well as meeting new people. NEW PEOPLE= NEW CUSTOMERS.
Be Realistic. Have clarity.
I’m a firm believer that the universe will give you what you need if you truly believe that it’s going to happen. In order to be a successful entrepreneur, you have to train your mind to eliminate the thought of being a “failure” when things don’t go the way you want them to go in your business. Everyone I know who has a company will be the first to tell you that rough days are normal and you will have them. You can’t stop just because sales were slim today or you find yourself thinking, “I can’t do this.“
Yes, you can. If you can dream it, you can achiev. Go the extra mile for yourself.
Have Purpose and Be Authentic.
What does your business stand for? Who will it help? Can others see your passion through your business? Those are the questions you have to ask yourself. Transparency sells, and people can smell fakeness a mile away if you’re not truly genuine. Even after you build a team, your business’s reputation starts with YOU. Don’t underestimate the power of “word of mouth.” When a customer buys a product and they’re highly satisfied with it, chances are they will tell a friend about how much they love it and they will come back and buy from you again. If they’re not satisfied with your products/services, they will mention that to others too. Having a good reputation for your business attracts more customers and it opens more doors for your business to expand.
Never Lose Your Creativity.
It’s easy to get comfortable once you start seeing your profits going up in your business. The key to winning is remaining consistent, researching what works and what doesn’t, networking, putting your business out there, and offering services/products that aligns with the purpose of your business.
HANG IN THERE. ❤
Zip.
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