What is the best advice for a first time entrepreneur?
Hi, I am just starting my own business. I have been involved in photography as a hobby for over a decade, but I now plan to turn it into a full time business. Being new to entrepreneurship, I am a little confused on where to start. I would appreciate any general advice to point me in the right direction. Thank you.
Best advice? Read "the Lean Startup" by Eric Ries. You'll know what to do next.
Prepare for a long journey. :)
It helps to be financially, mentally and physically strong.
Conduct a market research and SWOT analysis (http://www.sales-and-marketing-for-you.com/swot-analysis.html):
- is there a match between what you have to offer and a market demand?
- who are your direct competitors?
- What can you learn from them?
Keep asking and learning...
The rest is technical matters.
This article will give you a bigger picture perspective on entrepreneurship:
Do you see life through your camera lens? Well, this one’s the perfect way to take your passion to the next level. There are many companies who require stock photographs, or collection of images. Many stock photo agencies offer great incentives to people who are good with their camera and can offer them a huge reserve of efficient photographs. Themes such as green, nostalgic and geometric, trends such as macro, global and minimalism, keywords such as retro, vintage, hipster, tattoo, stop motion, action POV, slow motion, 3D are all upcoming trends that are alluring budding photographers to reign the online zone.
Hi Sara, well done on making this commitment.
I would like to offer three pieces of advice:
1/ Never give up, if your passionate about your aims, IT WILL HAPPEN!
2/ Always plan for the worst scenario
3/ Take advice, but never be daunted, follow you instinct and thrive
Best of luck, Simon
Hi Sara - my two cents after 10 start ups and seeing my son head on a similar path
1. You have the paddle ! The right direction is the one your instincts and the your chosen market guide you to - no options are wrong and its a constant honing of the turrets based on what you learn from your last move.
2. Just hang a start up shingle out there and hang around other start up people - you'll quickly find like minded people in your neck of the woods and they'll more than likely share your problems and concerns and be more than helpful - a necessary part of the start up ecosystem is to pay it forward
3. Surround yourself with people that are smarter than you and think higher you than you do. Start up is by nature a relatively more risky, future tense, contrarian career move - 90% of people are in other more stable and secure careers and will perceive things negatively - all things relative. There's always 99 scenarios out of 100 that say you will fail so embrace the odds, look for that 1 path out of 100 for wild successes - but don't dwell on the negative feedback - its all around you in droves and well understood - listen to the positive people as they are likely to see your start up, you and its success in the light and the accurate scrutiny it needs to move forward
4. Seek out advice from experts but in the end follow your gut. Remember - the person with the most skin in this game and the person that knows you and the start best is you.
5. There's no recipe for success - that's why there are so few serial entrepreneurs but - the closest thing I've heard that almost all successful start up people have in common is the HedgeHog concept from Good to Great - find the nexus of your passion, what is driving your economic engine and something/some skill that you are one of the best in the world at - that's the sweet spot with the best odds and ensures you'll have the persistence, skills that you'll need to succeed.
First read my blog pages:
I advise you to attend this course online to guide you step by step:
Hope this helps
Hi Sara, entrepreneurship is a transformation. Invest in yourself every day to learn how to live your vision, set goals, execute plans, control limited resources and how to improve your craft, products and services. The only other thing but, most important thing, is to create and sustain clients. See YouTube video TedX Talk by Simon Sinek "What's Your Why." In a competitive services market, people don't buy what you do but why you do it. Talk with a business coach about getting into a Mastermind or Group Coaching to accelerate your learning and minimize mistakes.
Wishing you success beyond your current imagination!
I would put together a business plan and then create a blog with a optin box on it.
You can get with me on face book for any more help or call me at 405 905 4028.
Thank you Scott
Congratulations. I would suggest defining your target audience/clientele and then coming up with a plan of action for how you will reach these people as well as what you will charge for your services.
Hello Sara , congrats on your decision to start your own business , I would like to advice to focus on two points , plan & organise your work well , 2- widen your relations as much as you can ,try to work as much as you can two with your friends & relatives , they will definitly support your efforts , you can succeed even if you lower your prices for the first year .