10 Actionable Steps to Launching Your Business
Hello there everyone! This post is in collaboration with the awesome guys at Rebel.com! This article was written by one of their amazing employees Leanne and it's jam packed full of value. I hope you all get as much out of it as I have!
Launching your own business can be pretty daunting.
But let’s be honest: you may love your day job, but you’re not in love with it. Sure, the pay is good, it’s consistent, and your coworkers are great, but you’ve always dreamed of trying your luck on your own as a business owner.
Luckily, it’s easier than ever to become an entrepreneur; there are tons of fantastic resources available online for starting a business. Here are 10 easy steps to get you started:
1. Take a deep breath.
This is a big risk, but so is walking out your front door each day.
2. Decide what you really want to do.
When you find something that you’re passionate about, your work will stop feeling like work.That being said, even real passion projects can serve up some pretty rough days. Double-check to make sure your inner fire is prepared to survive the storms ahead.
3. Ask for feedback, then ask for some more.
Many entrepreneurs are fearful of someone stealing their idea, so they keep it a secret. But they’re protecting the wrong thing. The idea isn’t the golden nugget - the execution is. Share your idea with as many people as possible and be open to really hearing their thoughts and feedback. Spend extra time with the people who think your idea is a bad idea. These conversations will be exceptionally valuable to you.
4. Prepare your finances before you leap into entrepreneurship.
Starting a company is scary enough without personal finances looming over your head. If you’re planning on quitting your day job, make sure that you have enough savings available to really make a go out of your efforts. Once you’ve done that, figure out how your new business is going to make money. There are plenty of ways to gain revenue with an online business, such as affiliate marketing, advertisements, and paid services and products.
5. Write a business plan.
Make sure you have a clear idea of where you’re headed. Websites like Entrepreneur and Info Entrepreneurs can help you organise your business plan and make sure you include all the necessary information.
6. Decide on your brand name, and then register your domain name.
Rebel has a huge list of available domain names and extensions for you to choose from. Your domain name says a lot about your business, so take your time figuring out which one is best for you.
7. Build a website.
Resources like Codeacademy and code.org offer free courses on HTML and other coding languages, and sites like WikiHow offer step-by-step guides on how to put together a website your customers will want to visit. Coding not your thing? Wordpress templates and Weebly drag-and-drop site builders can do all the heavy lifting for you.
8. Register your business.
This process will vary depending on where you live, but most countries offer some sort of business registry.
9. Connect with others.
Leverage social media; Facebook, Twitter, and Instagram are your friends. There are probably many people rooting for you to succeed, so use them. Get them to share links, tell their friends and post about your business on their feeds.
10. Finally, realise that your time is worth something.
Believing that your time is actually worth money is hard, but necessary. You’ll learn pretty quickly that most people will not only be willing to pay you for what you’re offering, but they will also be happy to do so. Know your value and learn how to sell yourself to others.
The stakes aren't as high as you think they are. Seriously. If you crash and burn, you can (and will) find another job. Maybe you’ll give being a business owner a try and find that it’s not right for you. Worst-case scenario, you may end up wasting a few months on something that just doesn’t turn out. The satisfaction of knowing you took a chance and tried doing something that you’ve always thought about doing is worth the risk. You’ll learn a lot along the way that can help you in your career, no matter what direction you end up taking.
Hope you all got some great takeaways from that post! If you're interested in reading my post for Rebel you can check it out below!
Have a great week!