Every day, more and more women start their own businesses. Many find ways to improve existing products and services. While some take their work experience and skills and use them to launch a business doing what they love best. Others, the creatives, and innovators often launch something totally new.
In today’s world, it would be nice to think that there are no “male” or “female” careers or industries. But, there are. There are still industries that are dominated by one gender; industries where women or men that enter the profession are in the minority, and often struggle to fit in or achieve success. For women looking to break into certain sectors, gender bias can prove to be a formidable opponent. The most important thing that you can do to ensure your own success, is to be prepared. Here are 2 tips to help you get ready!
Whether you’ve worked in the industry before, or you are just starting out, running a business is very different from working as an employee. Don’t make the mistake of thinking that you’ll be able to launch without the proper preparation.
Take some time to learn the industry, but also to learn about business.
Know the basics of business accounting, payroll, inventory management, and leadership. Take a continuing ed course or attend a local workshop on entrepreneur basics. Become as much of an expert as you can before you launch.
When it comes to starting a business in any area, there’s a lot to think about. Once you’re an expert, sit down and write a business plan. Think about the launch of your business, how you are going to get started and what steps to you need to take right away to start generating revenue?
Be conservative, especially in the beginning.
One of the biggest mistakes people make is expanding too fast. The second is not managing their expenses properly. It’s true that you have to spend money to make money but don’t get caught up in the non-essentials. When you need additional storage space does that really mean that you’re ready to invest in a larger location, or does it simply mean that you need a short-term solution like temporary buildings?
Small purchases can add up quickly. Be sure that you have a strict budget that you adhere to and always know your numbers. If you don’t know what something costs you, how can you possible price it right to sell to others!