Now more than ever, people are starting to step back from the traditional culture of an 8-hour work day consisting of a jam-packed shift from 9 to 5. More and more employees are leaving their jobs to pursue passions of their own and build a career out of something that truly fulfills their soul.
However, starting from scratch is far easier said than done. While Matt Teeple understands that leaving behind the security of your 9 to 5 may feel daunting, he emphasizes that the journey will be worth your while.
Matt Teeple’s Guide to Things New Entrepreneurs Should Keep in Mind
1. Believe in Yourself
The first and most important thing you need when starting a business is self-confidence. You have to believe in your idea and be willing to see it through, no matter what challenges come your way. There will be obstacles as well as setbacks, but if you stay focused on your goal and maintain confidence in yourself, you will persevere.
2. Do Your Research
Starting a business from scratch means that you likely don’t have much experience in the industry you’re trying to enter. This can be both good and bad – on the one hand, you don’t have any preconceived notions about how things should be done. But, on the other hand, you also don’t have any experience to fall back on. The best way to combat this is by doing your research. Read up on the industry, talk to people who are already in it, and get as much information as you can before making any decisions.
3. Know Your Target Market
According to Matt Teeple, one of the most important aspects of starting a business is understanding who your target market is. Who are you selling to? What do they want or need? What are their demographics? If you don’t take the time to understand your target market, your business will likely suffer as a result.
4. Create a Business Plan
A business plan is essential for any business, but especially so when you’re starting from scratch. This consists of your goals, strategies, and your plan on how to achieve them. It’s important to have a clear and concise plan so that you can keep yourself on track and avoid making any rash decisions.
5. Have a Solid Marketing Strategy
In today’s digital age, an effective marketing strategy is a key to the success of any business. If you don’t have a plan for how you’re going to market your product or service, you’re likely to get lost in the shuffle. There are a number of different marketing channels available, so it’s important to conduct your research and identify the ones that will work best for your business.
6. Be Willing to Adapt
The world of business is ever-changing, which means that you have to be willing to adapt as well. If you’re set in your ways and unwilling to change, it will be very difficult to succeed. This doesn’t mean that you should constantly be changing your plans, but rather that you should be open to making adjustments as needed.
7. Have patience
Starting a business takes time, energy, and a lot of hard work. There are going to be ups and downs, but it’s important to maintain focus and have patience. It takes time to build a successful business, so don’t get discouraged if things aren’t moving as quickly as you’d like. Just keep working hard and believe in your vision, and eventually, you will see results.
Matt Teeple points out that starting a business from scratch can be a daunting task, but if you go into it with confidence and preparation, you’re more likely to succeed.