6 things you should know when starting your business

1. 6 Things You Should
Know When Starting
Your Business

2. 1. Follow your passion and keep on going.
• Remind yourself daily why you started
• Fall in love with problems.
• There is always more than 1 solution… find it!

3. 2. Cash is king.
• Success = understanding money-in, money out.
• Know how your business is doing at every moment.
• Celebrate Success
• PLAN how to get more cash

4. 3. Hire Smart.
• Hiring a team is thrill.. But also scary
• Take time to hire the right people
• Let them go if it doesn’t work out
• Hire people who love what you hate to do!
• You need to focus on your dream and passion

5. 4. Communicate with your partners.
• It’s a marriage
• Communicate values and expectations
• Remind each other why you went into business together
• Find a happy place where brainstorming and problem solving can happen

6. 5. Unexpected things happen! Protect yourself.
• Think about obstacles you MIGHT encounter
• Expect the best.. Prepare for when it might happen
• Setup systems and processes so you can take some “you time”
• The business must be able to look after itself.
• Respect yourself enough to take care of yourself outside of your business

7. 6. You have the final say, but... You don’t have to be alone
• Owning a small business can be lonely
• Ask for help
• Find other entrepreneurs with more experience to learn from
• Someone who is starting can bring lots of energy and creative ideas

8. In Summary
1. Follow your passion and don’t give up
2. Cash is King
3. Hire Smart
4. Communicate with partners
5. Protect yourself from unexpected things that
might happen
6. The buck stops with you.. But don’t be scared to
ask for advice
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