Episode 5: The top 10 things I wish I'd known before starting my own business

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Transform Your Life Business and Health Podcast

Business


So in this episode I describe how I’ve been on a massive journey and I wrote my book to pave the way for people to set up their own business and also to cope with the overwhelm which comes with riding the entrepreneurial roller coaster.  I’m going to cover the 10 things I wish I’d known before starting my own business? (1) How difficult it would be to obtain planning permission and to be prepared for the bureaucracy. (2) How important it is to keep your business plan in a simple format if you want to seek funding. (3) How critical it is to have a good accountant and the importance of cash flow. (4) The importance of having a number of bank accounts and don’t forget to keep putting money aside for vat. (5) To be prepared for the shock of business rates. (6) To make your builder keep you updated with a running record as to how much you are spending and to expect that the building will run over time and money. (7) To implement systems and processes within your business. (8) The importance of sales and marketing. (9) To not let anyone tell you your ideas was crazy and won’t work. (10) Don’t neglect your health or your relationships - the importance of mindset, managing stress and overwhelm.