Are you thinking about starting your own independent business? The following article is a must-read for every new business, from a small barber shop to a new hi-tech firm.
Independent businesses require hard work and dedication to succeed. Starting an independent business can be confusing at first because you don’t know exactly what to do to grow it and attract new clients.
According to Forbes, 27.1 million small businesses in the US are owned and operated by a single person without employees.
It means that the majority of businesses rely on single independent people who are responsible for their success.
1) Time management
As the sole employee of your business, managing your time well is crucial.
Manage your time well to be productive and grow your business in the best way possible.
We recommend using a time management tool like Calendar or any other software. It can help you keep on track and make the most out of your time.
Not managing your time will make it hard to succeed and probably make you feel frustrated with your business.
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2) It requires patience
Patience is key.
You may have already heard that, but we guarantee you that when you start your new business, you will notice how hard it is when there is “nothing new” in your business, for example, no new leads are coming in for a long time, no new clients, no new projects.
Remember that growing an independent business is a long process that requires lots of patience. Most people find it hard to wait for their business to thrive and abandon it too soon.
Read this post to learn what’s the connection between growth marketing and working out regularly.
This video explains well why successful people are aggressively patient:
3) Maintain a healthy routine
The components of a healthy routine include time for yourself, both mentally and physically, time with family and friends, and time for work.
Time for yourself can be Yoga, working out, and other fun, relaxing activities.
We recommend defining opening hours for your business and working only during that time, even if you are a freelancer. It can help you keep up with your daily routine and not work too much.
A healthy daily routine can help your independent business thrive in the long run, as it allows you to work more efficiently and focus on your goals.
4) Set small milestone goals
When you set weekly or daily milestone goals, you will probably feel that your business is on track once you achieve each one.
Even if you expect your new independent business to grow and become a big company in the future, focusing just on the big goal makes it hard to have the feeling of success in the short term.
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5) Combine social life with your business
Sometimes it may be tempting to give up on time with your friends and family or time for yourself just because you need to work.
If you give up on your social life, you will soon find out that you are less productive and not feeling well mentally.
It’s good to put all your efforts into your independent business. However, remember that you are a human and not a robot.
To conclude,
To be able to grow an independent business you need to work hard in the long run, while keeping time for yourself and social life.
It will not be easy, so remember to be patient about the success of your business.
Is your business the same as everyone else? Learn how to differentiate your brand from your competitors by reading this post.
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