Things You Must Do Before Founding a Startup

If you’re about to increase the freedom you have in your working life by starting your own business – congratulations. So many people would love to do what you’re doing but they simply do not have the guts to move forward and actually quit their job for a leap into the unknown.

This is a contributed post. Please refer to my disclosure for more information.

The world of entrepreneurship is often hard and when you’re just starting out, it can be quite scary too, but it is also extremely rewarding. To ensure that you get off to the best possible start and make every success of your new venture, though, here are a few things that you should probably do:

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Start Talking About Your Idea

So many entrepreneurs believe that they have a good idea in their hearts, but they’re worried about being judged or shot down in flames, so they rarely talk about it. The thing is, you won’t get very far if you aren’t able to talk about your idea and do so passionately. No one is going to give you a business loan or buy your products/services if they notice that you’re hesitant to discuss them, so fight your fears and stop being so secretive. Shout your business idea from the rooftops and people will take notice.

Find a Mentor(s)

Having a mentor might seem pointless to some of you and a cliche to others, but anyone who has ever had one knows that they can be an invaluable source of information and support as you set out on a brand new path by founding a startup. So, do your best to find one – will help – or more mentors who have already done what you are about to do and pick their brains. The more you know about starting and running a business the better. You can, of course, be successful without a mentor, but having one won’t hurt and it will probably help you a lot in terms of knowledge and networking opportunities.

Put Yourself Out There

Speaking of networking, it is another invaluable tool that the new entrepreneur can benefit from. The more people who have met you or at least know your name, and ideally a little bit about your business/products/services the better. If people know you or have at the very least heard about you, they are far more likely to do business with you than if you were just some random person. So, Tweet, blog, attend industry events and do whatever you can to build a name for yourself.

Secure Finances

Sometimes you just have to say “What the hey!”, quit your job and pursue your dreams, but in an ideal world, you should secure your finances first. So, visit, get yourself a small business loan and then do what needs to be done. It’s so much easier to be successful when you have a little money behind you to get started as I’m sure most entrepreneurs will agree.

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