Three Tips for Getting Started in Small Business

Planning

Having a clear plan and commitment is key

Since 2008 I have been running a photography business as well as working a full time corporate role. This post covers three tips for getting started in small business.

There are a myriad of issues to consider when you are getting started in small business. Here are three tips which have been useful for me.


Tip #1 – Decide the operating and income model

This step is all about defining what you are going to do and how you are going to generate income. You need to be clear on exactly how the business will operate and where the revenue will come from.

For me, back in 2008 I decided that I would start my photography business by focusing on stock photography. I could shoot images on weekends, and edit and upload during the week around my other commitments.

Being clear on this step is very important. How will you generate income?

Tip #2 – Give it Time

A lot of new businesses are born with what we perceive to be a great idea and start with an explosion of energy. Unfortunately, it often doesn’t take long until the reality doesn’t match the dream.

I recommend taking time when you have the brilliant idea. Rather than beginning with enormous energy, take time to think through the plan. Reflect for a moment – even at this early stage. After some thought, if it still looks as good a week later and you feel passionate about the business, then it is time to start.

Tip #3 – Plan Your Time

This was the key for me! I set aside 2 hours each week night to work on my photography business. I stuck to the same 2 hour period for the first 2 years.

It is remarkable how much you can achieve in 10 hours per week when you are focused and it is part of your daily routine. That time was spent researching and planning stock photography concepts, editing, uploading and keywording images. The photo shoots happened on the weekends.

The habit of setting aside time and working the plan was key! Without a plan and commitment your business may fall over.

Are you running a small business? What have been the keys to your success? What lessons have you learned that others may learn from?

 

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