How to prepare yourself for entrepreneurship

How to Prepare Yourself for Entrepreneurship

SignWorld company owners come from all walks of life – and for many, SignWorld is their first business venture. For the uninitiated, business ownership can be both exciting and scary. And while you might never feel 100% “ready”, there are a number of things that you can do to prepare yourself for entrepreneurship.

The following are some of our top tips on how to get ready for this exciting new chapter of your life:

Manage your finances By owning your own sign business, you can dramatically increase your earning potential – but in the beginning, you need to be prepared to go through some rather lean days while you are still building your customer base. Getting out of debt and building your credit score are good first steps – especially if you will require financing for your business.

It’s also recommended that you build up an emergency fund to help you through the first lean months.

Between three to six months expenses is ideal.

Learn as much as you can At SignWorld, we pride ourselves on the extensive initial and ongoing training that we provide to our business owners. We provide education not only on how to make amazing signage for your customers but also on the various aspects of running a business.

You can also continue your education through courses at your local college or university, or by reading industry specific literature and blogs. Having a mentor or business coach can keep you on track as well.

The point is to never stop learning.

Don’t be afraid to fail We hate to break to you, but life as an entrepreneur won’t always be a bed of roses. There will be times when you’ll make mistakes. There will be times when you will fail.

The trick here is to acknowledge your weaknesses and learn from your failures. Because the only people who never fail are the ones who never try.

Get out there Especially in the world of signage, successful business owners are those who get out in the community and make business contacts. Once you’ve decided to start your own business, you’ve got to let others know. Announce it on social media; add it to your Linkedin profile, start a mastermind group or join your local chamber of commerce and start networking.

Commit to the challenge Yes, starting a business can be scary, but unless you’re ready to fully commit to it, fear will continue to hold you back. Just like starting a family, there will never be the perfect time to start a business. So you have to commit and just “get ‘er done”.

Fortunately, you don’t have to do it alone. When you invest in a SignWorld company, you’ve got an entire network of support behind you and ready to help!

Set goals Having clear and well-defined goals in place will give you something to aim for as you start your business. They can also help you progress even on those days when you don’t feel like doing anything (and trust us, there will be days like that). Goals may include meeting one new prospect a day or gaining one new client a week. Choose goals that are achievable and measurable.

Do you feel ready for entrepreneurship? Then contact us today and learn what ownership in a SignWorld company could look like for you.

See more at: http://signworld.org/how-to-prepare-yourself-for-entrepreneurship/