Going on holiday can often become the catalyst for starting a new business…

August 7, 2018

 

Some people are so exhausted and drained when their holiday rolls around that by the time they’ve finally started to relax it’s time to head home and go back to work again.  And the realisation hits them that there has to be more to life than knocking yourself out all year just so you can go on a two week annual holiday, most of which you don’t enjoy because you’re still too wound up.

 

For others, getting away from their daily routine finally gives them the headspace they need to reflect on where they are in their life and work out what they want to achieve in the future.

 

However you come to the realisation, your holiday is a time when you can find a sense of peace that’s missing in your daily life.  And with that comes clarity and an abundance of ideas leaving you feeling inspired and motivated to make the changes necessary to create the life you really want.

 

But before you go running off to hand in your notice and start creating your dream life in earnest…STOP!

 

Because the reality is that any new business is going to take time to set up and get established, and chances are you’ll still have bills to pay along the way and investments you want to make in your business to help you get where you need to be as quickly as you can.

 

So what SHOULD you do next…?

 

1.  Take that first step…quickly! – The thing is, the longer you leave it the more difficult you will find it to get going.  By putting it off you can easily end up getting into overthinking mode, and that’s when the fear starts kicking in and before you know it you’ll find you’ve talked yourself back out of it again. 

 

In some respects doesn’t really matter what you do to get the ball rolling as long as you take action.The first step is always the hardest. But having taken the first one the next will come easier and before you know it you’ll find the momentum is building helping to carry you along, and making you feel increasingly confident and motivated.

 

2.  Find the right support – Trying to go it alone is tough, and time consuming…..very, very time consuming.  And time is something that’s likely to be in short supply when you start out, especially when you’re starting your business alongside a job.

 

Now support can come in many forms, from your Mum phoning you on a regular basis to ask how it’s going and sharing your posts on Facebook, to joining Facebook groups with other budding entrepreneurs who are at the same stage on their entrepreneurial journey as you are.

 

But the most important form of support you can get, especially in the early days, is the paid kind, whether that’s as part of a group programme or on a one to one basis.  Which works best for you will very much depend on your personality and the level of support you feel you need.

 

Finding the right support is going to help you get from A to B much quicker, will get you thinking about things you might have overlooked on your own, and will help you avoid some of the potential pitfalls and overcome the challenges you do face.

 

Just be careful not to get tempted into investing in support that is too focused on a particular area or strategy too early on.   Getting help to make sure you’ve carefully thought through every aspect of your business concept and have got the business foundations in place is more likely to pay dividends in the long run and get you up to speed quicker.

 

3.  Do the groundwork – A common mistake a lot of budding entrepreneurs make is to rush ahead so they can get to the ‘sexy’ bits of starting their business quicker.

 

But doing the groundwork…..validating your ideas and getting clear around your Whys, Whats and Whos is time well spent and will help you enormously as you move into the business planning stage.

 

Having solid business foundations is going to give you a good platform on which to build, will provide the direction for your business and will provide you with a source of motivation down the line.

 

4.  Crunching the numbers – There are three sets of numbers you need to get to grips with early on, the hours you have available to work on your business, the cost of delivering what you want to offer and the amount of money you really need to be making consistently before you can confidently hand in your notice at work.

 

Knowing these key numbers will enable you to set realistic targets and goals, and help inform what you offer potential customers when you’re starting out, and the pricing strategy you use.

 

 

If you’ve got your brilliant business idea, are ready to turn it into a viable business and are looking for the right support, then book your free Build Your Business session here and we’ll discuss the steps you need to take to turn it into reality.

 

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