Take Up the Reins and Become Your Own Boss
Top 5 Tips for Female Entrepreneurs
1. Get planning - If you’ve had an amazing idea swirling around in your mind for a while now, the first step to making it a reality is committing it to paper and writing a business plan.
2. Choose an area you are passionate about - When you start your own business you have to live and breathe it for at least the first year while you get things up and running, and the chances are you will always spend more time on it than you would a typical 9-5 job.
3. Make your business work for you - There aren’t any hard and fast rules about what a business looks like, so make sure your company fits in with the rest of your life. Take time as part of the planning process to consider how much time you are willing to devote to your company, whether you are willing to travel extensively on a regular basis and whether you’d like to be able to work flexibly.
4. Find your USP - There are hundreds, if not thousands, of businesses starting up every day, and the reality is that not all of them will still be up and running in a year’s time. To give yours the best chance of succeeding you need to identify your Unique Selling Point which makes you stand out from the crowd and make sure you are promoting it to investors and customers alike.
5. Get a mentor - Starting up a new business is daunting and the chances are you will have lots of questions, especially in the early days. And who better to answer them than someone who has been in the same situation themselves?
Make sure your mentor knows you don’t just want a ‘yes woman’ who’ll love all your ideas. A good mentor should be able to challenge you and hold all your suggestions up to scrutiny.
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Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
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