11 Things to Know Before Starting Your Own Business
Starting a new business is tough but Fara has managed to build The Beauty Editor into a success. I wanted to find out from Fara what her tips are for any budding entrepreneurs out there. You may not want to build a beauty empire, but the basics of business and brand building are often the same whether you're building an app, opening a florist or launching a fitness bootcamp.
Keep reading for the 11 tips Fara thinks you should know based on her hands-on experience of building The Beauty Editor.
1. Find Your Niche
First things first, you should have a clear idea of what your business is going to be and most importantly what your niche is. Ask yourself: What sets you apart from the competition?
2. Set Realistic Goals
You don't need to have everything done yesterday. To build a successful business you need to be realistic about your growth, success does not happen overnight.
3. Start Now
4. Don’t Give Up
You might think once you have nailed your business idea and worked out your business plan that the rest is plain sailing. It isn't, building a business is really tough. Having the right mindset and unwavering commitment is key, so make sure you surround yourself with a network of supportive family and friends.
5. Be Passionate
6. Don’t Be Afraid to Break Rules
7. Work hard
8. Be Emotionally Intelligent
Your business may be the most important thing to you, but you can't be too emotional about it. If you build a team you need to be able to empathise with them but also not let your emotions get the better of you. It's a balancing act and one that is well worth fine-tuning.
9. Surround Yourself with Inspiring People
10. Get Yourself a Good Numbers Person
11. Treat People Well and Stay Humble