11/05/2020
I’d like to Congratulate everyone on taking that leap and starting your own business.
The first and hardest step is
starting so 👏🏻👏🏻👏🏻 I’m super proud of all of us!!
Remember to:
🌿 Worry not, allow your creativity to flow naturally
🌿Follow your bliss and create the business you would personally enjoy
🌿This is how you will attract people who are like minded
🌿Naturally you will gravitate to those who resonate with you and your work
A bit of Statistics, small business may have the potential of failing after the first year
This is due to 4 key components:
1) Finance Obstacles - Small Businesses may fail due to a lack of funding.
This includes funding payroll, paying overhead expenses, rent, and utilities.
As well as making sure all employees are paid on time.
Due to the strict organizational expectations a business requires, many owner(s) may become less aware of how much revenue is being produced by sales.
Which can unfortunately lead their small business to fail
2) Insufficient Management - Due to the motion and organization of running a small business, the owner(s) typically are head of all major responsibilities.
Although they have amazing ideas for their business, they have a multitude of tasks to get through first.
Leaving them with little time to manage their products online for promotion.
It can become easier for small tasks to slip through the cracks, leaving one thing to pile over another.
✨ That is when a Virtual Assistant much like myself can help. To make sure all those small tasks are taken care of for you! ✨
3) Lacking Business Planning - Before launching a business it is important to have a clear business plan
Brainstorm a plan B, to be safe
Many small businesses may overlook this step, which may later lead to their business failing.
4) Marketing Mistakes - Small businesses may need extra motivation to express their businesses potential and purpose on social media.
Promotion & Management go hand in hand, creating a healthy and equal balance between the two, will allow for consistency and a flourishing business.
I’d be happy to hear your business plans and see how I can be a help ✨✨