Nancy Meech, Founding Partner
There are so many things that need to be done to help ensure that your business gets off to a good start. Here is a list of a few things that helped me when I started my own accounting firm.
Be passionate about what you are doing. Choosing the right business is essential to your success. Choose a service or product that you are enthusiastic about and eager to spend a significant amount of time developing. Most people underestimate the amount of time it takes to start and run a business. I was lucky to have a very understanding family that allowed me the time I needed. Be prepared to dedicate a substantial amount of time to this endeavor.
Create a useable business plan. Mapping out your goals and strategies in written form is fundamental to the process. There are many business plan templates available on line that can help you get started. Updating the plan often as things change is also crucial to your success. Embrace change. I truly believe that stagnant businesses die. Be prepared for constant change to improve your business and stay ahead of your competitors.
Seek advice. There are so many experts that are willing to share their experiences and their advice for free. A wonderful source is the non-profit organization called SCORE. Its mission is to help business owners form and grow their businesses, by providing one-on-one mentoring through one of its 364 local chapters and by providing practical tools online at www.score.org. Another great resource is the U.S. Small Business Administration. These organizations provide practical advice from the simplest of subjects to the very complex.
Keep a positive attitude. There are peaks and valleys in any business. Maintaining a “can do” attitude is necessary to get you through some of the difficult times. I am convinced that most successful business owners never entertain the idea that their business could fail. There is no room for failure, as long as you keep working toward success.