You have decided to venture out and create a side business so you can begin to invest in your future by creating an income that is apart from your main source- your job.
As a Latina Biz Coach, the most often asked question I get is “How do I succeed as a micro biz entrepreneur?
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they’ll turn on their computers or open their doors and start making money, only to find that making money in a business is much more difficult than they thought and way more intricate.
What is a Micro Business? A micro business, also known as a micro-company or micro-enterprise, is the newest trend in the entrepreneurial world. Because it is so new, the term is vaguely defined:
A Micro Business is a small business that operates with 1-5 employees and requires less than $50,000 to start the company.
You can avoid many of the stresses of growing your business ventures by taking your time and planning out all the necessary steps you need to achieve success. Whatever type of business you want to start: (See below for a few examples) all need planning and forethought.
Using the following 10 tips can help you be successful in your venture.
The reason I want to share these tips with you is that I want to make sure you do not make the same mistakes that I have made in my business past.
Remember you want to learn how to succeed as a Micro biz entrepreneur. Follow these steps and you have a higher probability of succeeding.
1. Get Organized
To achieve business success you need to be organized. It will help you complete tasks and stay on top of things to be done. A good way to be organized is to create a to-do list each day. As you complete each item, check it off your list. This will ensure that you’re not forgetting anything and completing all the tasks that are essential to the survival of your business.
2. Keep Detailed Records
All successful businesses keep detailed records. By doing this, you’ll know where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome those challenges.
3. Know your numbers
Understand that by keeping good detailed records you can then analyze the numbers and decide where you may need to invest or cut back more.
4. Invest in your professional growth
Be willing to coach up or course up meaning that you may need to get help with your personal and professional growth by way of hiring a business coach or by investing in business courses that will help you get the edge.
5. Be Creative
Always be looking for ways to improve your business and make it stand out from the competition. Recognize that you don’t know everything and be open to new ideas and different approaches to your business.
*********** I invite you to find out what your entrepreneurial archetype is**************
Take the Quiz
Then Dm me what your type is!!