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10 Steps to Starting a Small Business

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					?Perhaps you're tired of the 9 to 5 grind or you're just looking for a change in you life,
starting your own small business can be rewarding and profitable. But, there is some
planning to do and some questions to asked before you start.

The following 10 steps to starting a small business have been compiled based on my
experience after having started 3 successful businesses that are currently doing very
well.

1. Make sure you do something you love. Starting a business for the sole purpose of
making money or avoiding the work force is a bad plan. Unless you're truly in love
with the products or services you are creating you will fail. Few people know this.
Think of it this way; if obstacles get in your way, which they always do, only your
passion, purpose and love of what you do will overcome any and all obstacles.

2. Don't quit your job just yet. Most small business owners make the mistake of
quitting their jobs before the money starts to roll and that's why 85% of small
businesses fail in their first year of business - because they run out of money. Most
small businesses can be started in your spare time then, when the money starts to
come, you can quit your job - not before.

3. Plan the work and work the plan. Sounds simple and familiar yet a well formulated
plan with a clear outcome are the keys to success. Most people start a business
without first putting to paper a clear plan of execution. Download a business plan
template from the internet and study it. Then when you're ready with a general plan,
complete the full business plan.

4. Trial and error may be popular but it's a waste of time. Sure mistakes are great
because you learn what not to do. But, what if you could learn from the mistakes of
others before making them yourself? Wouldn't that make more sense? The quickest
way to get where you're going is to going to someone who's already got what you
want and ask them exactly how they got it. If they want to charge you for the
information - pay it!

5. Marketing is everything. Based on my experience please don't spend a lot of time
formulating your product or service. Spend most of your time selling it first, then once
you've sold it, you will have more resources to develop your product. Give the
customer what they want, not what you think they want.

6. Hi-energy is the key. Have you ever heard the expression, "how you do anything is
how you do everything?" If you have a poor level of energy for most things that you
do then your business will fail. You must raise your energy level to 100% and do
things with all the positive energy you can muster.

7. Focus on what's going right - not on what needs fixing. If you focus on fixing
problems you'll get more problems. If you focus on the things that are working you'll
get more of the same. The law of attraction is an irrefutable law of the universe; use it
to your advantage.

8. Help other get what they want first. If you are in business for personal gain only
you will fail quickly. If, on the other hand, your business helps a great many people
get what they want then you will succeed a hundred times more than they will.

9. Pay yourself first. You must always pay yourself first before anything else. Set
aside money for you first and you will quickly realize that money will always be there.
If you forget to do so or wait ‘till there's money, there will never be any money.

10. Dream big. Nothing big ever got created with a small idea. Have a clear picture in
your head of the outcome you want to produce and you will get there. Detach from
what you belief are the failures and you will get there even faster.

I hope you've enjoyed these 10 steps to starting a small business. Naturally there are
many others but these are in my opinion the most important and should be carefully
considered before you start anything.
Looking for more marketing tips and steps to starting a small business? Signup for
Paul Tobey's free Marketing Tips Magazine.

				
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posted:3/25/2011
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