{"id":22469,"date":"2020-04-07T23:00:25","date_gmt":"2020-04-07T23:00:25","guid":{"rendered":"https:\/\/mmil.wpengine.com\/?p=22469"},"modified":"2020-04-07T23:00:25","modified_gmt":"2020-04-07T23:00:25","slug":"what-you-need-to-know-about-starting-a-business","status":"publish","type":"post","link":"https:\/\/makemoneyinlife.com\/what-you-need-to-know-about-starting-a-business","title":{"rendered":"What you need to know about starting a business"},"content":{"rendered":"

The world of entrepreneurship is an exciting prospect for many, with more and more people each year dreaming of owning their own business. To show you just how popular startup businesses are becoming, <\/span>StartUp Britain’s research<\/span><\/a> discovered that in 2016, the highest number of businesses yet, 657,790 to be precise, were introduced. <\/span><\/p>\n

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However, even with the number of startup business growing year on year, it seems that many ambitious business hopefuls are stopped in their tracks due to a variety of barriers. <\/span>icount<\/span><\/a>, who offer an alternative to standard business bank accounts, spoke to 2,000 UK adults who were attracted to the idea of owning their own business. Their survey came across popular reasons as to why business hopefuls were drawn to kick starting a business, as well as what prevented them from following their dreams. <\/span><\/p>\n

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If you\u2019ve been through the same worries and concerns as these business hopefuls, don\u2019t let your ambitions be quashed. Here are a few words of wisdom that can get you back on track towards making your dream business a reality. <\/span><\/p>\n

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Forget about what you heard<\/span><\/h2>\n

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There\u2019s plenty of rumours and statistics that go around the world of business, that put a lot of people off the idea of starting one of their own. While some of it tends to be fake news, other opinions can be true, but that shouldn\u2019t let you discard your plans of becoming a business owner. <\/span><\/p>\n

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For example, whilst pre-established business owners like to boast about their successful business when 95% of others fail, this shouldn\u2019t be the reason why you throw in the towel. Think about the fact that this 95% probably didn\u2019t carry out careful research and planning before taking the plunge, one of the biggest components of why a business succeeds. <\/span><\/p>\n

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Don\u2019t fear the unknown<\/span><\/h2>\n

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Yes, research and planning is a vital part of setting up a business, as is a complete and thorough business plan and forecast to review on a regular basis. However, that doesn\u2019t mean that you are going to know everything before starting up your business. You are bound to face problems that you hadn\u2019t predicted and will have to work together to find the best way to tackle them. Don\u2019t fear the unknown and instead, embrace it, to grow your business and to become a well-grounded business owner. <\/span><\/p>\n

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Stick with it and don\u2019t give up too soon<\/span><\/h2>\n

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You\u2019ll have plenty of ideas and plans for the business, with some being more realistic than others. Once you get started, you\u2019ll find it so easy to start things, but a little more difficult to finish them. To complete a task, it takes dedication and motivation to pursue it until the end – whether that\u2019s until you find out it\u2019s not going to work and need to move on, or until you start reaping the benefits from it. <\/span><\/p>\n

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If you do find that something you\u2019ve tried has failed and died a death, don\u2019t let that deter you from getting back up and trying something else. Owning a business is all about trying, failing, trying again and eventually succeeding. It\u2019s unlikely that you\u2019re going to see growth from the very beginning, so don\u2019t give up too soon and keep trying different directions until you find one that fits.<\/span><\/p>\n

image source: unsplash<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The world of entrepreneurship is an exciting prospect for many, with more and more people each year dreaming of owning their own business. To show you just how popular startup businesses are becoming, StartUp Britain’s research discovered that in 2016, the highest number of businesses yet, 657,790 to be precise, were introduced.   However, even<\/p>\n","protected":false},"author":1923,"featured_media":22472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[62],"tags":[],"aioseo_notices":[],"modified_by":"James W","_links":{"self":[{"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/posts\/22469"}],"collection":[{"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/users\/1923"}],"replies":[{"embeddable":true,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/comments?post=22469"}],"version-history":[{"count":0,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/posts\/22469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/media\/22472"}],"wp:attachment":[{"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/media?parent=22469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/categories?post=22469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/makemoneyinlife.com\/wp-json\/wp\/v2\/tags?post=22469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}