Monday, 21 November 2011

Celebrating 10 years in business!

Well here I am 10 years in business!!  Despite the figures often quoted about start ups (1 in 3 fail within the first three years) I am still here and the business is doing well.  Yes there have been some roller-coaster moments but I would not change it for the world!!
As I have been running a business for a while now I am often asked for advice, suggestions and guidance for people setting off on their own.  I have to say this makes me feel REALLY old!!! However I am happy to help so here are some of those ideas for you:
  1. Keep a good support network around you of professionals.  Your Mum, other half and best friend are important but they will always be on your side. So build a network of like minded colleagues who will give you that important feedback that will be objective
  2. Always have enough money in the bank to pay the bills for 6 months
  3. Ensure you have a wide spread of revenue streams...not all the eggs in one basket syndrome
  4. Manage your time so that you are working when you have the most amount of energy and give yourself permission to have a break
  5. Set yourself goals for the day, week,month & year which are not all financially based
  6. If you cannot ask for the business then do not go into business!!
  7. Have fun...if you are not enjoying it, why are you doing it?!!
These are by no means the only 'rules' that I have used to be successful, nor are they in any particular order, but they are good pointers for anyone about to buy a ticket for the roller coaster!!
Thanks for your time, Suzanne Unsworth

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