Advice for an entrepreneur
When I was finishing high school I didn’t really know what the next step was for me. I had dreams of course, to be an architect, interior designer, a reporter or journalist but I always had a distant dream about working for myself and owning my own business. After school I moved countries and went straight into working in the corporate world in London. It consisted of long, hard and tiring days and short sleepless nights as I would anticipate my alarm going off every single day.
Don’t get me wrong I really enjoyed most of the companies I worked for and usually it wasn’t them with the issue…it was me.
I learnt a lot from working in these big companies about the business world dos and don’ts and what makes companies successful.
So when I moved to Hungary and gave myself some time to think about what I really wanted to do, it kind of fell right into my lap and slapped me in the face for not doing it before. Sometimes all you need is a different perspective to show you what you were looking for was right there, all along. Sounds cliche I know but I’ve had this happen to myself and seen this happen to many people around me.
For me my slap in the face was writing, I have always been writing ever since I can remember and my blog gave me the platform where I could share it all. For the past year I have been working on my writing as much as I can and I am even studying for it in Open University which I honestly never thought I would be doing.
In the past month I officially became a business owner of my company Monparagon! A content creation business that brings you writing and social media services. Honestly it was so exciting getting the certificate that I owned the business that I have wanted to for a couple of years now. Monparagon has been in the works for about 5 years. It started off as my blog back in 2014 which just kept growing and I discovered that I wanted to do more with it. When I finally had the opportunity, I did! Having my own business means I make my own hours and I have to push to get work and clients. Its been a challenging journey but I am just getting started.
Jordan’s top 5 advice for starting your own business:
Look past your fears and excuses
Many people dream of working for themselves and owning their own business but there are very few that ever do. It’s usually due to the fact that people have a fear of failing and come up with 101 excuses why they shouldn’t even start to establish their own business. Bring these excuses and fear to light, write them down and figure out why you’re feeling them and decide whether its worth listening to or get on with being an amazing boss to yourself.
Don’t disregard other people’s opinions
A trait of a good boss or person is being able to listen. Make sure you share your ideas with family and friends and take on board their feedback. Don’t get annoyed if they don’t like your idea because they could one day be a consumer for your business. Ask for their honesty, soak it up like a sponge and go back to the drawing board if you have to. Also ask other business owners, even people already in the industry you’re looking into, this is a very important stage of starting your business and I don’t think it should be overlooked!
Think about your target, what are you solving?
When establishing your initial idea think of what issue your business is solving and who it can help. What can your business add to peoples lives that they haven’t had before? Your motivation and intention is important for creating goals for your business and planning the direction that you want your business to go.
KISS theory (Keep it simple stupid)
Keeping your idea simple is always a very good start! I always think that the simplest ideas can be the most successful. Don’t overwhelm yourself by creating a mountain out of a mole hill and keep your business idea simple until you actually start and learn the ropes. There’s nothing worse than failing because you took too much on at one time, take small steps, work hard and you will build your business up in no time.
Record everything that you do
Make notes, take photos, videos and keep receipts. Keeping records of your business is super important from having all of your ideas, plans and goals in one place so that you can look back on them when you need some inspiration and also to see how far you’ve come. For legal purposes make sure you keep a record of all expenses in and out. Legal requirements are different for small businesses everywhere so make sure you register your business in your state and read into what taxes you will need to pay further down the line (this is something you don’t want to come back and bite you).
Most importantly enjoy the journey of your business growing and the people that you get to meet. With the highs comes the lows and that’s just business baby! My business journey is in its early stages and there are a lot of new things that I am learning every week, but I am so excited that this is my life and I am doing something that I truly love to do!
If you have any questions as always feel free to email or comment below!
Have a lovely week!