Yesterday the husband and I headed to a free event for start ups, entrepreneurs and investors called the Unconvention.
The whole idea was to get aspiring entrepreneurs with visions of success to become ‘scaleable and saleable’ with their business by signing up to a paid program that would partner you with experts to grow your company and fine tune your strategy.
While I didn’t opt to sign up for the program, we did take away a few key points that will help me get my business from the ‘study’ and ‘seed’ phases of an idea to a start up that holds its own – and will maybe even employ staff some day!
Some of the tips were:
– make your mistakes on someone else’s dollar and time – learn as much as you can before going out on your own
– don’t wait for perfection in order to start, just do it – get your product or service to market
– personal growth is aligned with business growth – don’t be afraid of failure as challenges create opportunities, so make the most of your obstacles
– get grey power – surround yourself with people who have been there, done that, made the mistakes and can act as your advisory board
– put the systems and processes in place so that you can work on your business, not in it – part of having an exit strategy involves training other staff to ensure your business can run smoothly without you.
You may have read all of the above before in a strategy textbook, autobiography, LinkedIn post or newspaper column but it’s always good to remember the basics of business, right?