5 Small Business Mistakes You Should Avoid (Podcast #68) - Classy Career Girl

5 Small Business Mistakes You Should Avoid (Podcast #68) Today I want to go over the most common mistakes small business owners make when they want to start their business and quit their day job. First, I have to tell you that I have made pretty much all of these mistakes. You aren’t alone if any of these you have made. Many of the things we are going to talk about are all foundational and include mindset of going employee to an  entrepreneur as well.  Listen in! These are the things that might be in your way of making your dream business happen. Note: If you are ready to become your own boss in 2017 or grow your business while having less stress, check out corporaterescueplan.com to add your name to the waitlist and you’ll be notified when we open doors very soon! 5  Small Business Mistakes You Should Avoid Mistake #1: No Business Plan The first mistake is thinking you have a great idea and it’s time to start without a solid plan. An idea isn’t going to make you rich. You have to have solid action steps and a business model that is actually going to work. Instead, create an easy business plan here. Mistake #2:    Spending Too Much Money Some investment is necessary. There are startup costs but you can keep it simple. You don’t have to go big and invest in a nice fancy website for thousands of dollars. I actually do not recommend that. Instead, you can start with a small budget. Start hustling and find those first clients. Once you are making an income, then put more cash into your new business. Mistake #3: Making Things  Perfect Before Launching Mistake #3 is waiting too long to launch. Taking too much time for thinking and not enough time taking action. When I started, I sold a course I hadn’t even created yet.  I didn’t wait and think about it. I’m all about the action. I put my course out there, someone bought it and I HAD to create it. I recommend that you test, sell and create as you go. If I think too much I get paralyzed! Instead, how can you start selling right now a beta version of your product or service? Start now! Mistake #4: Not Surveying Potential Clients Mistake number 4 is not really understanding who your ideal client is. This is a big mistake if you do not solve an actual problem and an urgent problem that your ideal clients have. Instead, create your products and services with your clients and survey them as you go! I enjoy creating as I go because it becomes a much better product than me in my office creating this program I think that people will want. Trust me, I ‘ve done the do it alone process and those products always flopped. So learn from me! Mistake #5: Not Being Passionate About Your Business Idea The fifth mistake is starting a business you aren’t passionate about just to make money. It’s really important that you know your interests, values and motivations before starting your business.  Start a business that you  will love doing because it’s really never just about the money. Its tough growing a business and you need to be passionate about it in order to get through the tough times when you feel like quitting.