Entrepreneurs make mistakes, it's how they learn and grow their business. But there are some mistakes that almost every single business owner makes at the beginning that they don't have to! This episode is about what those mistakes are and how you can fix them – sometimes even before you make them!
Do you know why it's so important for you to have an action plan when you're starting your own business? It's important to know why you're building your brand, but also how you're going to get there. When you have all these details ironed out, your confidence levels in your business will skyrocket.
Planning your goals out is also necessary. I'm talking 6 months, 1 year, and 5-year goals to help you keep your business moving forward. In this episode, I also explain how you can turn those short term goals into long-term plans.
Protecting yourself, your business, and your assets should be on your radar before you truly start going. And this starts with your business name – you need to legally protect it, and not just by registering an LLC. So make sure you know what legal nitty-gritty you need to cover when starting your own business.
Lastly, it's absolutely pivotal for you to have a strong and knowledgeable support system. Your support system works as your accountability team. People who know your business well so they can not only support you, but also reach out to their existing network, bounce ideas, and help you see new possibilities you might have missed.
Have you set up your action plan? Where do you want to be in the next 6 months? Who can you count on for your business support?
In This Episode:
- Why you need an action plan for your new business
- How your confidence levels can impact how you move forward in business
- How to turn your short-term goals into long-term plans
- What you need to do to make sure you're legally safe and secure
- Why you need a strong and knowledgeable support system
- What qualities you need to be a successful entrepreneur
- How accountability groups can help you see new possibilities
"When you start the journey of entrepreneurship, you are 100% going to face hurdles." ([5:18])
"Isn't it so much more appealing to do everything right in the first place than getting entangled in a costly legal nightmare?" ([14:56])
"This group that holds you accountable has to have earned the right to speak into your life and hold you accountable because they are on the journey with you. They are holding you accountable by keeping your expectations in check." ([16:44])
Are you a female millennial entrepreneur who wants to start or scale your service-based business but not sure where to start? Go to http://www.drcortneybaker.com/10-secrets to get your free copy of the 10 Secrets Female Millennial Entrepreneurs must know before launching their service-based business. Get your free copy now!
About Dr. Cortney Baker… She is an award-winning entrepreneur, researcher, author, speaker, and an advocate for gender equality. As a leadership expert and mother of three, she is passionate about inspiring and empowering women to lead with greatness.
Dr. Baker is the author of the best-selling books: The Ten Do's and Don'ts for Business Leadership: Lessons to Lead Effectively and Unlimited: Conquering the Myth of the Glass Ceiling. She is passionate about helping ambitious female millennial entrepreneurs go from side-hustle to CEOs!
Feedback? Questions? Comments? For more information or to reserve Dr. Cortney Baker to speak at an upcoming event, please contact her at: [email protected] or 1-469-708-8840.