002 - So You're Thinking of Starting a New Business

Welcome to a new episode of T20E World Podcast, a time where we all need to ReView, ReThink, and ReInvent ourselves.  So you're thinking of starting a new business?!?!?!  AWESOME! 

Today I cover six vital points you need to answer before launching your new venture!  I want you to succeed . . .  the first time around!  

Have you done your Homework? Do you understand your industry, the competition the total available market and how much of that market can you capture?

Do you have all the Essential Tools you need? Make sure you have the right software that fits your business, some sort of cloud base platform for your unified communication, you need to stay flexible and be able to operate no matter where you are at any given time.

Did you create a Business Plan?  Get a solid Short Term plan in place, have a long term business plan on paper and make sure your goals are REAL!

Separate your Emotions from your Business.  We know its your baby, we know you love what you do and have the passion to go 24/7! BUT keep in mind you will need to make some tough decisions that will be critical to your business.  Be prepared to seperate your emotions from that business in order to make logical decision that make good sense for the future of the business.

Listen to your GUT!

Have GOOD, RELIABLE MENTORS!!  We all need a sounding board to bounce your ideas and decisions off of.  Have some good trustworthy mentors that can give you feedback, critique and assist in making good decisions.  Don't be afraid to reach out to them and use them as a source of information.

Got em answered . . . . now Go GRIND!!!!  I want you to share your successes with me!!