I own online businesses Daee Dreamz, Entropy Island and looking forward to getting my charity up and running
A common misconception of small business is that it will fail
About two-thirds of businesses with employees survive at least 2 years and about half survive at least 5 years.
The first few years are the hardest! I can't reiterate this enough - it's no joke - but it is funny how often I fail when doing business stuff. I've been trying to run Daee Dreamz for 2 years.
A failed business has more to do with the owner's determination - which is something that can waver after some time when results aren't "Amazing" or "Super successful".
SBA studies show that a negative economy, lack of funds, or industry changes - are NOT the biggest issues - or causes of business failure. It all comes down to the business owner
Repairing a business is as important as building it
I'm here right now and I can tell you it is making me rethink my personal abilities and future as a business owner. It is ROUGH!
No one said it would be easy - they just said it would be worth it!
Now; I have to figure out what I'm even doing and that is hard because it requires dedication AND introspection.
I have to ask myself - what I did wrong - how I contributed to the slump - and make everything better.
I need to dedicate myself to better as well as the business and one lesson I learned early is that perfection is the greatest enemy - if there is one piece of advice you accept - take this one; Good Enough is perfect!
you'll never get the absolute perfect measurement of the Wordpress columns - but how many people notice? (the answer is surprising, but we'll get to that in a minute)
imperfect columns or pictures is better than none..
You can start right now - as you are - with what you have - but..
you need to ask yourself some important questions and be honest with yourself
This is the HARDEST list of questions but it is VERY important.
What do you WANT to do?
What can you DO WELL?
Do those things intersect? If not, take a look at the gap - then ask; how could you MAKE MONEY from it?
My example; I started Daee Dreamz as a writing business because I was a freelance writer for a decade and I *LOVE* writing..
This makes sense as I answered all the questions - but - it wasn't enough. We need to keep asking ourselves the questions OVER-AND-OVER again until the answer is clear as our name.
I learned (the hard way) that while I love writing - I like a specific kind of writing. The specific kind of writing was never one that made a ton of money in my freelance career. I prefer to write creative, introspective pieces that often leaned towards a little of the sadder aspects of life. The bigger problem was that I always had to feel 'inspired' to write and that leads to bigger problems
I took a step back, reassessed, and asked the questions again
My forward plan
|What do I want to do?||What am I good at?||How can I make money?|
writing - but it's not organized enough
Write on my spare time as I'm inspired to do and net minimal financial rewards with satisfactory personal rewards
Create something from nothing
Creating creative stuff from nothing
Logos, banners, book covers, businesses, resumes
no idea - starving artist is a thing
Starting over means I get to make new logos again
Don't Forget Videos!
It is definitely a process!
I am not perfect - I will never be
I am probably somewhere between "What the actual --- is that?" and "Do you have a better plan?"
But, I'm here because I am learning, growing and hopeful I can build something better
Your business ideas
I have a handful of frivolous degrees, countless certifications, and diplomas - but none of those make as much of a difference as everyone thinks. (It just means that I patiently allowed myself to be swindled by the American College Education system)
You can start and succeed in your dream business! I'm not trying to sell you - I'm just telling you it's true!
Here's some facts for you;
- Small businesses employ 59 million people in the U.S.A.
- 50% of all small businesses are operated from home.
- 84% of small business owners indicate that they’re feeling optimistic about the future of their companies.
- 64% of small business owners begin with $10k in capital but approximately 1/4th begin with no financing whatsoever.