Advice from a Business Owner on Her Anniversary: a Top 10 List
This month, April 2022, Hodgkiss Consulting LLC is celebrating another successful year in business. I’m so grateful to everyone who continues to support my company — clients, colleagues, friends, and loved ones. I could not have done it without you!
Starting a business from scratch absolutely has its challenges. Especially if you’re the first one in your family or your friend circle to do so. Who do you turn to for advice? Who do you call to ask, “Does this sound right to you??”
After several years of working through issues and celebrating accomplishments, I want to share a few pieces of advice I’ve learned along the way. Here’s my Top 10 (in no specific order):
While some may say “non-traditional” with a negative or judgy tone, there’s absolutely nothing wrong with embracing your interests, creating your own path, and working with who you want, when you want.
You do not have to say “yes” to every business opportunity that hits your inbox. If you don’t find it personally interesting or professionally fulfilling, or if you’re seeing red flags — say “no”! It’s okay. You’re saving time and energy for the next great project. This applies to client work and volunteer/board work.
Programs that help you optimize and streamline are your best business friend.
When you’re setting up your phone and email, make sure you separate your personal channels from your business contact channels. It’ll help you stay organized… and sane.
Backup everything. Routinely.
Clients who do not respect your professional boundaries are not good clients.
Invest in a quality business coach. They’re worth the money; whatever you’re paying them, you’ll easily earn back in new business.
Hire a good accountant and financial advisor. Even if you don’t feel like you’re making enough money at the beginning, a financial expert will help protect your early investments and create a strong financial foundation for you.
Volunteering is one of the best ways to network. Everyone is on the same level and focused on the same charitable purpose. You’re also more likely to meet people outside of your practice area bubble.
There are business mentors and business champions. Mentors are great for advice and resources. Champions will help boost your reputation and recommend you for opportunities. Be sure to have both of them on your support team.
BONUS: Don’t forget to take breaks from your work. When you’re just starting out, you may feel like you have to jump on every phone call or email, or that you have to spend every night and weekend on business development. But if you don’t take some time away, you’ll burn out very quickly. Even if you have to calendar it, be sure to save time for some fun!