She Strengthens

From Fear to Freedom: 6 Lessons in Building a Thriving Business

In 2014, I found myself at a crossroads. My business partnership was unraveling, and I was faced with a daunting decision: take a risk and try to open my own company or play it safe and work for someone else. With the support of my loved ones, I chose the path less traveled and embarked on a journey that would teach me valuable lessons about work-life balance, growth, and success.

Lesson 1: Take the Leap

The hardest part of starting a business is often taking the first step. Fear and uncertainty can be overwhelming, but once you’ve done your research and have a solid plan in place, it’s time to take the leap. Remember, fear can be a powerful motivator – use it to drive you forward rather than hold you back.

Lesson 2: Master the Art of Cash Flow

A successful business requires more than just revenue growth; it demands careful financial management. Stay on top of your accounts receivable and payable, and make informed decisions about payment terms with clients. This will position your business for long-term success and help you avoid costly mistakes.

Lesson 3: Build a Strong Support System

Your accountant, bookkeeper, lawyer, and IT team may not be the most glamorous part of your business, but they are crucial to its success. Invest time and resources in finding the right people and systems to support your growth, and you’ll reap the rewards of organized and stress-free expansion.

Lesson 4: Prioritize Your Health

As a business owner, exercise is not a luxury – it’s a necessity. Regular physical activity provides mental clarity, reduces stress, and boosts productivity. Schedule exercise into your daily routine, just as you would any other important appointment, and make it a non-negotiable part of your self-care.

Lesson 5: Cultivate a Positive Mindset

It’s easy to get caught up in self-criticism and negativity, especially when faced with challenges. However, a positive attitude can be a game-changer for your business and your team. Focus on abundance, gratitude, and appreciation, and watch your employees and customers respond in kind.

Lesson 6: Don’t Forget to Live

In the midst of building a business, it’s easy to lose sight of what’s truly important. Remember that life is happening all around you, and it’s essential to prioritize your personal well-being and relationships. Give yourself and your employees permission to celebrate milestones, mourn losses, and live life to the fullest – your business will be better for it.