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    Categories: How to Start a Business

Five things to think about before starting a business.

I was asked some questions for Kirsty Dunphy’s newsletter so I thought I’d share some of them here too.

What would 5 pieces of advice you give to someone wanting to start their own business?

  • Know the difference between a hobby and a business
  • Love what you do and do what you love
  • Systems will set you free (1% idea – 99% execution)
  • Understand cash flow – (there is no business without cash in the bank – even if you are making a profit on paper)
  • Have a clear vision…and stick to it – you’ve got to know where you are going to make the first step

 

Naomi Simson :