Setting up your business appears from the outside to be a fun experience. It can be, too! What many people don’t show you, though, is that outside the glamor and excitement of this journey, there are tears, late nights, early mornings, endless cups of coffee and the sweat of getting your idea off the ground and into the world. Particularly in this time of a global pandemic, keeping yourself and your team safe and well whilst launching your business has never been more important. Taking care of your wellbeing has never been easy when trying to set up your own brand new business.
However, it doesn’t have to be this way. With the right resources and people around you, setting up a business doesn’t have to be a nightmarish experience. Here is what you need to know about setting up your own business – the truth, the whole truth and nothing but the truth.
Being A Business Owner Isn’t For Everyone
Many people are desperate to set up their own business, but this life is not for everyone. Running your own company means never truly having a day off; it means sacrificing time with friends and family who you love. It means having immense responsibilities over absolutely everything that goes wrong in your business – whether it’s your fault or not. Being a business owner puts incredible pressure on you and your finances; success means financial gain, but unsuccessful businesses can suck your finances dry. If you are ready to take the jump and enter a lifelong commitment, here you go! If not, consider another path.
Reaching Out To Experts
Running a business does not mean taking everything upon yourself. Yes, you are responsible for overseeing all operations, but it is important not to try and go it alone. As a business owner, one of the most valuable lessons you will learn is when to lead, and when to follow. Following means being comfortable to outsource some of the decision-making to experts in that particular field.
Often, one thing that is outsourced by business owners is IT support. Unless you’re an IT technician yourself, you will need an external company to provide you with managed IT services. Companies such as Tech Squared manage your business’ IT services, including implementing cybersecurity and ensuring compliance at all times.
Patience Is Key
Starting a business is a labour of love, and you might not see the fruits of this labour for a long time to come. It isn’t just a rocky first year, but usually a rocky first-five-years of barely breaking even, constantly re-adjusting your services and finding your audience. Don’t expect your business to ‘take off’ after twelve months – patience is key. Prepare to be in it for the long haul, and always keep your goals at the forefront of your mind. Patience and perseverance are vital to surviving the rollercoaster journey of business ownership!