5 STEPS To start a new project while still climbing the corporate ladder

March 11, 2017

No.1 Lower your cost of living. 
One of the main reasons businesses fail is because they don’t have enough capital needed to push the business forward. It's tough to get a business loan at the early stages of a venture, many have to rely on personal finances, friends, and family. Lowering your cost of living will give you a well-needed cushion to infuse into the business, if needed. This means that you should focus on the things that you need rather than spending so much on your wants. 



No. 2 Use your time wisely.
It is an absolute fact that you have the same 24 hours in a day as Beyoncé, Bill Gates, Warren Buffet, Oprah, and Lady Gaga. It is how you use those 24 hours that will determine if you are successful in your venture or not.Before you launch your business, make sure that that you put aside at least two to three hours a day to focus on your business. I know we all have busy lives but no matter how crazy you may think your life is, with proper time management you can find a few hours to contribute towards your goals.

"Fail to plan and you plan to fail"



No.3 Set goals.
Speaking of goals, once you’ve flushed out your ideas and have come up with a strategy to execute them, make sure you set goals for yourself and your business so you’re held accountable. Make sure your goals are S.M.A.R.T., which stands for Specific, Measurable, Achievable, Realistic, and Time-bound. They should also be broken up into short- and long-term. This is one of the basics you learn in every basic business school. As simple as it sounds, it is a detailed thought process. Trust me when I say the diagram you build at first will continue to evolve and change to adapt to your current situation. So save it in a spreadsheet for you to look back and also review.



No.4 Learn more about your business.
Having too much knowledge is not possible, especially as you launch your new venture. But make you are decisive and not fickle minded. Make sure you are not wasting time and money by thinking you know it all. You must learn as much about your business as possible. Have you heard of a SWOT analysis? Any new business needs one. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Knowing each component about your own business will give you the information needed to decide whether your business is a viable option. In my experience, don't dwell so much in fixing your weakness but build up on your strength and use them.



No.5 Launch and spread the word.
Once you determine you have a great business idea, it’s time to launch and start spreading the word.

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To be honest, not all days are going to be the same. Some days, business is going to be great and others not so much. The important thing is to work your plan and stay committed to your goals. The great thing about launching your business while working full-time is that it removes the financial stress of relying solely on your business revenue to survive.
And, congratulations! You have now taken an important step toward financial freedom!

Have you got BLOGLOVIN
Find me there!

X❤X❤,
Dimito Michiyo


6 comments:

  1. Love this post! And love your blog- so pretty! So happy I stumbled across your website. Thanks for sharing lovely!

    Love,
    Amber | www.loveambervictoria.com

    ReplyDelete
    Replies
    1. How lovely of you. Thank you! I am so glad you did cause otherwise I wouldn't have been able to share your post on that floral off shoulders on G+.

      Do you have BLOGLOVIN by any chance?

      Thank you for stopping by, have a great weekend!

      X❤X❤,
      Dimito Michiyo

      Delete
  2. These tips are very useful. Thank you for sharing.
    Have a nice weekend. Love, Esther
    https://lifestyle-tale.com/

    ReplyDelete
    Replies
    1. Dear Esther,

      So pleased to hear that the tips are helpful and thank you for dropping by.

      X❤X❤,
      Dimito Michiyo

      Delete
  3. Thanks for your helpful tips and your kind words on my blog. Do you want to follow each other?
    xx from Bavaria/Germany, Rena
    www.dressedwithsoul.com

    ReplyDelete

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