10 Important Lessons About Becoming An Entrepreneur

10 important lessons about becoming an entrepreneur

Do you ever wonder what that beginning phase of starting your own business looks like?

I’m talking about the phase that no one shows on Instagram, because let’s be real… it’s not always pretty!

I’ve been a “full-time” entrepreneur for awhile now, but I remember exactly how I felt when I first started: excited, overwhelmed, and frequently over-caffeinated.

Starting your own business is amazing, but it’s also a wild ride. Sometimes, you just need to talk to someone who “gets it”.

And oh, do I get it, my friend.

I know what it’s like to be glued to your computer screen all day.

I know what it’s like to talk to your pet just so you can hear your own voice (does this thing still work?).

And I know what it’s like to enjoy the wild ride but also have moments of doubt where you wonder what you’ve gotten yourself into.

But when we talk about these things, we learn that we’re not so isolated.

We learn that there’s a whole world of entrepreneurs out there who are on this journey with us.

And we learn that we have a whole group of people cheering us on.

So from one entrepreneur to another, here are 10 important lessons I learned about starting my own business that I’m sure you can relate to (and may come in handy for you as you grow this year!).

Know that I am in your corner, always!

1) You actually DON’T have to work 24/7 to build your business.

Chances are, you’ll start by working non-friggin-stop. You’ll turn around and wonder where your nights and weekends went (um, I thought starting my own business was all about getting MORE time to enjoy life, right?!).

Don’t panic — you CAN build your business without sacrificing your sanity! It’s all about structure. Do you have an automated marketing system that keeps you growing on autopilot? Do you need to increase your rates and reduce your client load? If you answered yes to any of these questions, I might be able to help you out. Feel free to use our contact form on our contact page and tell me about your situation.

2) Keeping your rates low isn’t the key to signing clients.

It’s natural to feel like you have to keep your rates low to sign clients (or risk having zero clients and having to go on welfare to feed your dog). But next thing you know, you’re having to take on tons of clients just to hit your revenue goals, then suddenly you’re working nights and weekends and you’re ignoring your dog and then you have ZERO personal life and… you see where I’m going with this, right?

Know your worth, then add tax, dude. You’ll be surprised how many people will KEEP working with you (and the type of clients you’ll attract) when you start charging your true value.

3) Raising your rates feels uncomfortable. Do it anyways.

When you first raise your rates, you’ll feel uncomfortable… I remember sharing my new rates with potential clients and wanting to hide under a rock. Know that this feeling doesn’t mean your rates are too high. In fact, this feeling will start to disappear the more that you realize no one has said your rates are too expensive.

4) You’ll miss your empty inbox.

You know how there’s something wonderful about getting your Inbox to zero? Yeah… you can kiss that one goodbye. In fact, you might as well add “Professional Emailer” to your business cards, my friend, because that’s about to become a quarter of your job!

5) Remember to invest in yourself and your dreams.

Even if you don’t care about money at all, you’ll start to get pumped as you watch the dollars roll in. Why? Because it means your dream is coming to life, and all that hard work is starting to pay off. Make sure you’re continuing to invest in your growth, invest in your vision, and invest in yourself.

6) Stay focused on what needs to be done.

You’ll have SO many ideas… and you’ll want to do ALL the ideas. Like, right now. But you’ll also realize that chasing after your latest idea can be a major distraction from the work you actually have to do. Stay strong, keep your focus, and remember that another great idea is right around the corner.

7) Leaving the house from time-to-time is a very good thing.

Your dog will assume that because you’re home, your time is 100% his/hers. If you don’t have a dog, don’t worry — other people will think this too ;). You’ll find yourself at Starbucks multiple times a week just to get some work done (and to get out of those sweats you’ve been wearing since Friday). Remember that a change of scenery can be great for restarting your brain!

8) Sometimes, you won’t feel motivated. And that’s okay!

There will be days where you just can’t get any work done. You just can’t. So, you’ll stay in sweats and binge some Netflix and feel kind of guilty but also, isn’t this what owning your own business is all about?

In all seriousness, taking time to recharge is crucial. If you try to power through the day and just can’t, sometimes it’s better to unplug so you can do your best work.

9) There will be a lot of people who don’t “get it”. You do you, friend.

Few people will understand what the heck you do. They’ll ask what your plans are after this, or they’re scratch their heads in confusion when you explain no, you don’t do this work for a company… you do it for YOUR company. Know that it comes from a place of love. But also know that you are incredible and can knock this whole entrepreneur thing out of the park… so show ‘em how it’s done.

10) But there will be those who do “get it”. Hold on to them — they’re your people!

Last but certainly not least, those who DO understand will 100% get it… and it will make all the difference. These people are most likely other entrepreneurs (and probably strangers on the Internet).

They’ll understand the high highs and the low lows and the crazy stories and the moments of “oh gosh what the heck am I doing?”.

They’ll cheer you on and hold you accountable and be in your corner, always. And because you have this support community, you’ll grow faster, be stronger, and know that you’re never alone on your entrepreneurial journey.

Pssst: If you haven’t checked out our course yet, How To Make Your Money Work For You: it’s a course where I teach people like you, how to turn your savings account into multiple streams of passive income.

Starting your own business is a wild ride, but it’s so, so worth it! Not only are you learning more and more about growing this dream of yours — you’re learning so much about yourself, too.

What will YOU learn this year while starting your business? I bet it will surprise you!

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2 Responses

  1. Karen says:

    Building a business should be a very exciting time. When I started my business I was scared and excited at the same time. But it was all worth it. After 25 years I now help creative women who want to open businesses. That’s how much I believe in that others should own their own business and earning their own income.

    • Garrett says:

      Hello Karen, you’re absolutely right. It’s very scary starting a business and “risking everything” but eventually, all the kinks work themselves out and it turns out for the better in the end! Thanks for commenting, much appreciated!

      – Garrett

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