3 Essentials for Starting up Your Own Business
A lot of people have the ambition of starting up their own business and breaking free from the cycle of a normal day job, a long commute to work, and having to answer to bosses and managers.
That being the case, it’s no surprise that freelancing has risen so dramatically in popularity in recent times, with various assorted jobs, ranging from copywriter, to financial consultant, now frequently being done online and on a freelance basis.
Others will explore avenues such as affiliate marketing, which allow for working from home as a side hustle, in a low-risk context, which includes no specific obligations to any other party, and no need for storing your own stock.
But whatever kind of business you choose to explore, and no matter what sort of particular arrangement you want to have in place to support your startup, there are certain things that all entrepreneurial businesses need.
Here are a few things you need in order to start up your own business.
Buy the essential tools of the trade
Whatever particular business you might be aiming to set up, there will inevitably be certain “tools of the trade” are required to do the job properly. For a writer, these tools may include a laptop, a subscription to a grammar-checking service such as Grammarly, and a word processing program such as Scrivener.
If your business involves packaging and shipping products, you may need something like a floor scale.
Whatever the specific requirements of your job are, you need to identify them at the outset, before properly starting up your business, so that you can begin seamlessly and avoid any professional mishaps such as might occur from trying to work without the required equipment.
Identify a clear workspace
Whether this means renting office space, or a warehouse, or simply setting up a corner of your home as a dedicated workspace, you need a clearly defined workspace in order to be properly productive.
If your “workspace” is your sofa or your bed, you are inevitably going to cause serious psychological blurring of the lines that separate leisure from work time.
This can manifest as you struggling to be productive, and falling into the trap of procrastination, time and again, during the work day — and it can also manifest as you struggling to properly relax during your free time, and feeling constantly compelled to check your emails or do a bit more work on that project.
Identifying a clear workspace is key to your productivity, and, if you have a physical, customer-facing business, it will be key to your professional image too.
Implement systems for de-cluttering, outsourcing and reducing distraction
Your time and attention are two of your greatest resources, when you’re an entrepreneur, and you have use them judiciously.
It’s inevitable that you will come across tasks that seem like they need to be done, but that will ultimately do very little in the way of advancing your business. Zeroing your email inbox, for example.
In these cases, you should implement systems for either discarding wasteful tasks out of hand, or outsourcing or deferring them to others, whether that means a virtual assistant or a full-time employee.
Open Business Council offers resources, Trade Finance, business advice, SME Finance and a forum and directory for businesses! Improve your business and use the best digital, financial and funding tools to grow ROI – return on investment and ROA – return on attention!