Most of our Tuesday Tips have focussed on entrepreneurs who are already running a business, but what if you are just starting out?
For those looking to start a business from scratch, here are our top 3 tips to get you on your way. And for those who have already started, keep these in mind to stay on track:
“You are never too old to set another goal or to dream a new dream” – C. S. Lewis
Tip 1: Learn to monetise something you feel passionate about
Creating a business around something you are passionate about will keep you driven and motivated to keep going when times are tough. It will give you the energy and passion to sell the services or products you plan to sell, knowing they are of high value to people as they are of high value to you.
Building a business around your passion will mean you will not settle for mediocre or second best and your customers and clients will love you for it and keep returning and referring!
Tip 2: Understand your values & enjoy the journey
By knowing what your values are and living to them, you are more likely to enjoy what you do and why you are doing it. Your values and their order of priority are unique to you, so invest time in working out what these are for you and ensure you keep working in line with them.
Also, don’t just reward yourself at the end… because there is no real end when you own a business - you’ll find there is always a new goal. So treat yourself along the way and enjoy the journey.
Tip 3: Take opportunities... a leap of faith
To get something different, you have to do something different. Most of us our stuck in a comfort zone and it’s only when something becomes a bit painful that we start to look for something different - a way out. Start to reach outside your comfort zone now and take the opportunities in front of you.
For example, one of the first for us was saying yes to investing in our business education (something we had never done before). At the time it was a leap of faith, now we know it was one of the best investments we ever made.
When it comes to formulating , planning & running your business, there will be a lot more things to consider. However, staying true to the above three tips will allow you to keep pushing for what you want to achieve and what you know is out there waiting for you.
We hope you have found these tips useful and are able to use them to improve your business and investments. Don’t miss out on future tips - subscribe to Turner Invest newsletter on turnerinvest.co.uk and follow us on social media.
Empowering People to Live the Life of Their Dreams
Turner Invest Directors Catherine & Stephen Turner