Let’s get to some real issues today. I recall years back when I planned starting my business, the initial fear how to avoid pitfalls that can discourage me as a starter.
Let’s not deceive ourselves, everyone has that same fear. What I know is, if you have a way to avoid these problems, you are already on track.
The few points here will be of some good help. I can boldly say from experience, if you use them well.
1. Don’t spend money before you are fully ready to start.
This tip is like a billboard you should be seeing daily when you are planning to start a business.
The temptation to spend is always there. You see a lot of things you would want to get. Fine, these are nice things but, the early stage is not the time to spend. It is the time to invest and lay good foundation for the business.
2. Get the needed business coaching before starting.
After getting the needed skills, get the needed business and Entrepreneurial skills to develop and grow the business. Business is not for the faint hearted. A little mistake can cost you a lot.
Get coached by someone who has been there. Ask questions, don’t be scared of getting a No, you will get a Yes somewhere along the way.
Those who have been on the path will shed more light on it, if you are patient enough.
Allow me chip this in. When people ask to be mentored by me, I give them time to check if the truly want to be mentored or not. Your mentor has his or her own schedule, don’t think they should be 24 hours available. Be wise and know how to tap from them. Let them see your readiness to learn. Follow their posts, comment, connect. When they see these signs, they know who wants to be mentored from who wants to be spoon-fed.
Be ready to invest to gain knowledge. Not everything will be free.
3. Don’t bite more than you can chew
Too much spices spoil the meal. Don’t bring in too much ideas to avoid distractions. Focus on what you can control at the startup stage.
I’ve seen businesses start with lots of things on their plate, you are offering catering services, drinks services, ushering services, training services, cake and decor and a lots more. Don’t pile up what you cannot carry.
As long as you are a starter, there is a limit to what you can handle. Overdo can kill. Don’t run when you should be crawling.
At our Fashion College, we ensure our students are not just about hands on skills but also the solid Entrepreneurial skills to assist them build their business.
IBADANCITY FASHION COLLEGE
Behind IBEDC office capital building ring road ibadan. Follow the road beside Foodco ring road and.
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