12 Tips Before Starting Up your Own Small Business

Make sure you are on board

what do I mean with this? What I mean is that, You need to get excited and the idea of business should make you go crazy happy and full of opportunities. You are the face of business people will follow you if you yourself are convicted with this business idea.

Hire trustworthy people

this is probably the hardest part of business. If you are growing into a big venture, bring in your friends whom you trust the most and who will be ready to do whatever you say for the business. Such people are very hard to find and most businesses fail at this point forward.

Do your research

Now a days real invention are so rare that if someone makes a new invention people look at them like they discovered fire. So a good chance is that someone has already started what you are going to start. The best you can do in this situation is improvise on the idea and make a new product or service. Much better than anyone else.

Don't be the man in middle

if you are thinking of working full-time and starting a business then you are in so much trouble. The venture which will take 2 years to build will take 8 years because you are dedicating 40 hours per week to your full-time job. Quit either of the things and focus on one.

It takes money to make money

Back in the day when Jesus was alive it took a lot of capital to start your business. But in today's age with a smart phone and internet you can start so many crowdfunding programs that the limit is infinite. Plus you also have access to thousands of venture capitalist who will invest in your idea. Those who tell you that you need to have a lot of money to start your business have probably started their business back in the 60s.

Never give up

easier said than done. When I first started my real estate business in Mumbai. I woke up at 4:30am took the train at 5am and went 15km to churchgate(downtown Mumbai) opened my office where I worked alone and from 7am till 3pm cold called everyone on my call list to buy an apartment. Rejections were the maximum amount but those who accepted my cold calls and bought the apartment are the reason why the business ran so well.

Remove the negatives

Look business and startup is a very energy draining job. The last thing you want is negative things or people brining you down. If you are really invested in the business then you will start seeing people leave you. Don't worry they will be replaced by much better ones. But it's your job to tune out the negatives.

Don't forget to enjoy 

have 12 hours/week for yourself. Don't do anything during that time related to business. Focus on other important things like family and me time! You won't get this again once your business takes off.

Go to Investopedia - Sharper Insight. Smarter Investing. and Entrepreneur - Start, run and grow your business. to gain some knowledge about financial terms. Make that your vocabulary, you will need it to understand business and talk to businessmen as that's the language of business.

Dress professionally

this goes long way because in today's world people view you by the way you dress. OK I understand that you are thinking about that Facebook dude who wore a t-shirt and hoodie. Well this is not the birth of internet and you are not the founder of FB and twitter. In real business which involves extremely smart people, self confidence and charm along with physical appearance plays a key role.
Remember you are the leader and influencer don't let anyone take that position from you no matter who it is.

Here comes the secret

Most people in this world, 96% will say that they want to start their own business but has it ever occurred to you why only the top 4% make it to the finish line?? Well let me tell you, it's because 96% people will never put the amount of work which the 4% puts in. You need to decide which side of the spectrum you are on.

Author: Shubham Khichi