Dreams to Dollars
Welcome to the Boss Lady's corner, where entrepreneurial dreams come to life. Why heed the insights of this fellow Mompreneur? Because my journey, from childhood dreams of entrepreneurship to owning multiple different types of businesses, was no leisurely walk in the park. It resembled a thrilling rollercoaster ride with its exhilarating twists and daunting turns. From learning the hard way to navigating a minefield of mistakes, I'm here to help you steer clear of the costly pitfalls.
As a little girl, Barbie dolls took a back seat to my peculiar obsession with personalized invoices and receipts for my imaginary businesses. It's not just a quirk; it's in my DNA. Can you relate? I've always been captivated by the idea of creating something uniquely mine and crafting multiple streams of income under my control. Conforming to the 9-to-5 grind wasn't my forte; instead, I spent my twenties as a diligent apprentice, soaking in wisdom from entrepreneurs I worked for.
Fast forward to my thirties, I embarked on a journey of starting two businesses, all while juggling the demands of 3 young children. Six years down the line, I sold one, and after eleven years, the other found a new owner and I am now on to 3 new ventures. So, why do I share this personal narrative? To spare you the anguish of my past missteps, regrets, and the squandering of both time and money. My aim is to help you carve out your path to entrepreneurship, learning from my journey without stumbling over the same rocks.
12 Lessons Learned for your Entrepreneurial Journey
Follow Your Passion: If you aren't passionate about it, it's not worth pursuing.
Market Matters: Don't try and create a market if there isn't one. Find your niche.
Study the Competitors: Before You Start and Regularly Thereafter.
Time Freedom Matters: If your business won't eventually provide you with more time freedom, reconsider your choice.
Prepare for the Costs: Understand that it will cost you more time and money than you think. Double or even triple your initial estimates.
Automate: Automate everything possible to streamline your business operations.
Seek Mentorship: Find a mentor to guide you on your journey that has done what you want to do.. Don't wait; find one today.
Know Your Audience: Understand your target audience thoroughly.
Networking is Key: Network. Network. Network. Every. Day.
Get Help with Childcare: There's no shame in seeking assistance with childcare (kid wrangling) when you need it.
Self-Care is Vital: Your health matters. You can't be of service to anyone, including your business, if you're not well.
Begin with the End in Mind: Create your exit or ultimate outcome goal strategy at the beginning and work backwards.
Charting your Journey
In the exciting journey of entrepreneurship, there are lessons to be learned and wisdom to be gained. As you consider venturing into the world of business or side hustles, keep these valuable 12 principles in mind.
Remember, passion is your driving force, the market is your compass, and competition is your teacher. Time is your most precious asset, and financial planning should always err on the side of caution.
Automation is your secret weapon, mentors are your guiding stars, and understanding your audience is your superpower. Networking opens doors, and there's no shame in seeking help when juggling both business and family. And, above all, your well-being is paramount.
So, as you embark on your entrepreneurial journey, always keep your exit strategy in mind. Think about where you want to go and how you'll get there. Success is a journey, not a destination.
Embrace the challenges, celebrate the successes, and never stop learning. You've got this, and the world is waiting for the unique value only you can bring. Here's to your thriving business and a fulfilling entrepreneurial adventure!