From Spare Bedroom Sole Trader to Business Entrepreneur
Some of the best companies have started out with one or two people clubbing together working form a spare bedroom or on the kitchen table, to build a business. When in this position, it is difficult to ever see yourself employing staff, making large profit margins, or being highly successful. However with the determination, hard work, and most of all self belief in what you do, it is achievable.
The best part of starting out in the spare room is that it is free. There is no point wasting money on premises initially, if you don’t have to. Of course certain trades require premises for health and safety reasons, or due to the industry they are involved in, however if you are an artist, writer, musician, marketing company, consultant, photographer, or jeweller etc, you can work from home. It might not feel glamorous or professional, but this won’t be for long and any extra money is a huge boost to your business budget.
Working from home isn’t as ideal and easy as everyone claims. There are distractions and it is sometimes difficult to separate business and personal lives. Be strict create a working area where you can get on with your work when required.
Allow for breaks and time off so you can refresh your mind and focus more clearly. Your working hours are likely to be long initially, however when you have finished for the day, make sure you do so. This also refers to starting work, make sure your working time is actual working time, not spent internet browsing or tending to any home matters,
The entrepreneur spirit…
To get your business moving to a successful level isn’t due to luck. While some seem to gain more opportunities in life for no clear reason more than others, the most important part to your success is you. You have to have a drive and determination through good and bad times, and never be
prepared to give up without a fight. When you find yourself working at all hours, if you have that natural entrepreneurial flair, you won’t resent it. You will want to do whatever you can to build up your business to the best it can be.
You will also do anything you can in your power to grab opportunities, and if no opportunities arise, you will adapt to make it possible. You will manage to find good contacts, and push your business forward with everything you have. This is what will take your business off, and this spirit will be the cause of success.
Time is precious…
Set yourself deadlines and give yourself pressure to achieve your goals. It is easy when you are self employed to put things off as you are in charge with no pressure from an employer. Write down what you want to achieve by the end of each month and stick to it. In a full time career, you will
have to face these challenges, and it is best if you maintain this throughout your own business. If you are in your first year and have to establish branding, stockists, actual products, websites etc, write down exactly what you need to achieve and when, the sooner this is completed, the sooner you can begin to grow your reputation and business.
There is no doubt that running a small business and setting it up is hard, if it wasn’t it is something we would all do.
About the author: Kirsten works in hosting, helping new businesses get themselves online. A website is a great platform for a business. Visit WhoIsHostingThis? if you need help.