So many mistakes, so many things I wish I knew. If I could do it all over again I would but I cannot. Even in the information age where everything can be found on Google it's still possible to screw up and do it royally. I remember when I started my business I purchased so many subscriptions; I was paying for this and that and not making any money. I tried a little bit of everything, I remember paying for a fax number every month for about 6 months when I rarely sent faxes much less received them. I had to learn quickly that it wasn't about how much you spent but how much I kept. This week I'm sharing with you my top three lessons I had to learn when I started my business.
#1 Cash is king - I just said it, it's about how much money you can keep. Cut back on all of the UN -necessary services that you know you don't need.
#2 Build relationships and partnerships - It's all about who you know. People do business with individuals they trust and are familiar with.
#3 Keep good records - Come up with a record keeping system and use it! You never know when you may have to locate something from 3-4 years ago. Services such as Google Drive and Dropbox are great for this.
As moms it's natural for us to be overly prepared. In business I think it's a little different you have to really weigh the pros and cons of details especially when it comes to money. Overspending can hurt and cripple your business. If you haven't already create a business plan and use it as your guide, have your financial planner or someone with experience review it. Implementing these small details can save you time and wasted dollars. Take it from someone who has wasted hundreds.