In this episode, I sit down with my personal coach, Tim Fulton, to discuss the 5 keys to a successful small business launch. Tim drops some serious knowledge bombs, so stay tuned! - - -> Learn more at - - > http://bit.ly/alloy_franchise
In this episode, I sit down with my personal coach, Tim Fulton, to discuss the 5 keys to a successful small business launch.
He shares with us his thoughts on having a business plan. Quoting a study that pointed out that there is a larger than expected number of small businesses that have any type of plan, he puts the absence of a plan down to a fear factor - the fear of being held accountable, the fear of this becoming real when it's in writing.
He also emphasizes the fact that growth sucks up cash - Unfortunately, many business owners don't realize that until they're in the midst of it and all of a sudden, cash is getting scarce.
Another pearl of wisdom - Find some advisers, and be humble enough to ask for help.
He also talks about the significance of being clear about your “why”.
Tim feels having a growth mindset is important. Individuals having a growth mindset almost look forward to making mistakes because mistakes are learning opportunities.
Stay tuned to know and learn more.
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