She Strengthens

Starting a Business: A Step-by-Step Guide

Are you ready to turn your passion into a successful business? With so many options and obstacles, it can be overwhelming to know where to start. In this guide, we’ll walk you through the five phases of starting a business, from figuring out your purpose and strengths to scaling your business and achieving freedom.

Phase 1: Dreamer

You’re a Dreamer if you’re just starting to think about starting a business. You’re scared to take the first step and struggling to find enough time to make it happen. You’re beginning to figure out your purpose and strengths and how they will fit into your ideal business.

Phase 2: Planner

You’re a Planner if you know what business you want and you’re now ready to create your business plan and conduct market research. You want to map out how to make your business grow quickly and successfully.

Phase 3: Hustler

You’re a Hustler if you’re now taking action and implementing your business plan. You have a product or service that people want and are selling it. You’re still figuring out how to balance your time and are working hard.

Phase 4: Entrepreneur

You’re an Entrepreneur if you’re getting closer to making enough income to support yourself full-time. You’re confident in your future and excited about the opportunities that lay ahead and the difference you can make as a full-time entrepreneur.

Phase 5: Influencer

You’re an Influencer if you’re starting to grow your team and passive income. You’re now ready to scale your business and have even more freedom and flexibility. You want to make your business match your dream business. Your business serves others and is making a difference.

Overcoming Obstacles

Starting a business can be scary, but it’s worth it. Here are some common obstacles and how to overcome them:

• “I’m afraid to create a service that markets are already flooded with.” Don’t worry, if there’s already a market for it, that means people are interested!
• “What if I can’t monetize?” Focus on solving a problem that people will pay you to solve.
• “What about what others will think of me?” Remember, your unique strengths and experiences make you different from anyone else.
• “I hate tech!” Don’t let technology hold you back. There are many tutorials and training available online.
• “What if I can’t contribute to my family budget?” Create a budget and plan, and don’t be afraid to cut expenses.

Getting Started

If you’re ready to start your business, here are some next steps:

• Download our free printable 90-day planner to help you stay focused and on track.
• Check out our resources page for more information on starting a business.
• Join our community of entrepreneurs who are supporting and encouraging each other.

Frequently Asked Questions

1. What are the financial costs involved in starting a business?
2. How much time commitment does it take to start and run a business?
3. What are some of the legal requirements for starting a business?
4. Besides the 5-step plan, are there other frameworks or resources that can help me launch a business?

Conclusion

Starting a business takes courage and determination, but it’s worth it. Remember to focus on who you are here to serve, take imperfect actions, and keep moving forward. Don’t let fear stop you from creating your dream business and achieving the freedom you desire.