Here at The Start Up Group, we pride ourselves on offering guidance and support to aspiring entrepreneurs. That is the idea that we’ve built this organization on, that from inception of an idea through formation and operation, we wanted to be a One-Stop shop for your businesses. There is one overarching theme that we have run across—Business vs Hobby. We all know basic definitions of both of these entities, hobbies are more recreational, whereas businesses are set up for-profit. Below are three ways we’ve discovered that your “business” is actually a hobby.
After a long day of obligatory task, the last thing anyone is interested in doing is devoting the few hours we might have to ourselves to something that probably won’t bring us any sort of immediate gratification. And if a significant amount of time has passed since we’ve been devoting time to tasks that are not directly correlated to if we eat or live in box, that motivation you once had might start to dwindle. Instead of going home with a fire deep within, ready to grind, you’d probably prefer to order from UberEats and catch up on episodes of Scandal. So, how can you get back to day one when you were so driven by your end goal? How do you reignite that fire? Having that drive 100% of the time is tough. However, there are ways to rediscover that excitement. Here are a few points that will start you on the path to rediscovery. In the very least, these tips will refresh your memory, allowing you to recall why you’re choosing not to alleviate your exhaustion from the day’s mess and, instead, grinding to make your own thing happen.
1. Have faith in your dream: Seriously, who cares that you believe in your dream? Honestly, I don’t, and neither should you if that’s all you have. What in the world am I talking about?? I’m going to take one from the bible here; “Faith without works is dead”. That’s right! I can say all day long for the rest of my life, I really want to buy myself a Mercedes Benz S550, but if I never go to work, I can say it all day long and it won’t happen. Why? Because I’m broke! When I start working toward that goal, putting some action behind it, that’s when things start to move and take shape. Dreams are nothing, ambition is nothing without action! So, when I say, have faith in your dream, I’m telling you to believe in it enough to continue to put that work into it to give it a real chance to come to fruition.
2. Visualize your success This is probably the easiest of the three. What Alana? Close my eyes and picture me winning? ABSOLUTELY! If you don’t see it, how do you expect someone else to see it? If you can’t do something as simple as closing your eyes seeing yourself flourish, how are you going to convince anyone else that they should take a chance on you? Look, if you’ve started the task, there has to be a level of passion surrounding your ambition, draw a picture in your mind and make it a reality. Visualize your success and put the work behind it! There’s a theme here, are you seeing it?
3. Trust in your ability to be…: We can’t all be Accountants, Lawyers, Consultants or Salespeople, but we all can be! Can be what, Alana? Can be whatever it is you are! Stick with me. I know what I’m saying here. You have an ability to be something, a gift, if you want to call it that. Sometimes, our gifts aren’t as prevalent as another’s. You might not be able to sing, or draw, or dance (I’m talking to myself here), but maybe you’re good with people and you’re charismatic. That, my friends, is a serious advantage to have. Although you’re not the accountant, you have the ability to network and find the accountant, or find the lawyer. What I’m saying here is trust in the ability of the gifts you have and find a way to leverage that into making things happen. But, again, you have to put in the work. The theme, again!
There’s something these points have in common. Putting in work is one of the commonalities, but the other one, even more important than that, is you. These tips force you to get your motivation from self! It’s nice to be able to watch a YouTube video or hear a motivational speaker and that medium will light you up inside. But, what happens when that light dims? There always has to be something within that brightens that light the same or even more so. You have to find the motivation within that pushes you. And when you find it, bottle it up, keep it close and drink a little each time you feel yourself faltering.
Everyone has a dream of creating a business around the things they love to do. While most entrepreneurs possess the passion and drive, most neglect some of the most fundamental pieces of business ownership. Understanding the legalities of your business is just as important as creating a business plan! Below we list three integral points to consider while establishing your business.
These are examples of just a few basic legal pitfalls that can easily go unnoticed or unplanned for when dreaming up your business. It's not always fun, or sexy even, to think about the legal ramifications when dealing with companies. I urge anyone that is interested in chasing their dreams of ownership to consider the topics introduced in his article. Being cognizant of these issues can be the difference between success and failure. The Start Up Group offers a full time legal and contract review department that will attack the legal pitfalls with you, so you don't feel like you are going at it alone. Contact us at firstname.lastname@example.org for more information.
We wanted to step back, and take a dive into one of the critical tips we shared in our first article, why. It is a simple, yet insightful question. Your why will have to be bigger, stronger, and more resilient than any of the obstacles you encounter when operating your own enterprise. Like fingerprints, no two people’s why will be the same, but will be an identifying factor for yourself in your success. As you will learn, we love our list here at The Start Up Group, so check out what we have identified as some items to consider in regards to your WHY.
There you have it. Emerge yourself in your why. Write it down, hang it on the wall, save it as your background; do whatever you need to do, to have laser focus towards your goals and dreams. Your business will thank you for it. We can’t find your why for you, but we’ll be glad to talk through it with you. Contact us as email@example.com.
In the spirit of the MLB Playoffs and our love for movies, we decided to drop the signature catchphrase from The Field of Dreams that states, "If you build it, they will come." This mentality is a common reason that many startups will ultimately fail. In fact, nine out of ten startups will fail. Why, you ask? Most entrepreneurs have an optimistic and blinded outlook and truly believe that if they "build it," success "will come." The reality is that only 10% of startups will survive and find success. Survival of the fittest at it's best. There are various characteristics that will allow a business to set themselves apart from their competition. Here are a few tips that The Start Up Group really believes in.
Starting a business is a meaningful, exciting, and challenging process. Make it count. Knowing the basic steps to success will set the bar higher for both you and your competition. There are a number of things that can lead a startup to becoming a major brand. We can help determine which areas your business need additional support. Our experience and expertise can provide the knowledge to turn that curveball into a home run; contact us directly at firstname.lastname@example.org.
Here at The Start Up Group, we know how intriguing and rewarding it can be to work for yourself. Let us be the first to tell you, it will be no easy task. Whether you have a particular passion, such as photography or painting, or a groundbreaking idea or product, it will take tremendous planning and persistence to see success. There is no one-size-fits-all equation for business, however, you can be strategic in the execution of your business. Follow the three tips below for a successful launch and first year.
Of course there are much more than the three points above to starting and running a business. However, if you implement these principles into your daily mindset and process, you will be well ahead of your peers. Check back for additional best practices, or contact us directly at email@example.com to start your journey.