Owner, Chatter Box Cafe
Set realistic goals. When planning to start a business, we must factor in reality. Know how much time, money, and energy you really have to put into turning this dream into a reality. We all have obligations outside of working and running a business. In order for the venture to work, it must still allow for you to handle current and future responsibilities outside the business. When setting goals, always factor in room for the unknown! Very rarely does everything go perfectly. Planning with that understanding helps provide a cushion, and for the times when everything goes smoothly, enjoy it.
Be consistent. When starting a business, entrepreneurs always hit the ground running. We’re full of excitement, full of energy, and full of hope! After getting into the business, you learn that things may not come together as quickly as you had planned. Even if you become doubtful, keep pushing. Consistency will pay off in the long run. When you don’t hear your fans cheering, just know people are still watching. Learn to be motivated by the hustle and hard work it takes to be great.
Focus on your strengths. Understandably, you may have to start off a business by handling multiple tasks. Very rarely are we as entrepreneurs strong in all aspects of our businesses. I’m good at sales and marketing and cooking, but my wife Natia is the lifeline of the business. She oversees bookkeeping, accounts payable, accounts receivable, contracts, etc. Prior to her coming on board, these were weak points for me. Find out what your strong points are and focus on those, but make sure you have the right people in place to handle the other aspects of the business.