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What is it like to start a new business?

What is it like to start a new business?

Starting a business is like taking a ride on the roller coaster. Here is a short summary of the steps I took to starting a new business and some challenges along the way. 

1. First step is to decide which ride to take!

After finishing a 12-year career with a major bank, I took a step back to think about my next opportunity. What was I going to do? Who would I work for? What did I need to do to support my new family?  This experience came with its own challenges. Procrastination, financial strain, time pressure. It took me 3 months to understand I didn't want to return to a major bank. The strain the Royal Commission commission was placing helped but mainly due to quality of life I had experienced after leaving was the final decider. It then took me a further 3 months to explore the various ideas I had and flesh out concepts and test my proposition. 

2. Now that I decided which ride, was I actually going to go ahead? 

Fear and doubt always creep into your mind when experience change. Like lining up for the roller coaster ride, you start to think: about am I going to enjoy this or what if the ride fails? It is important to ask for help during this stage, especially in areas you don't have a lot of experience in. Conducting due diligence across the core business pillars is important: Sales, Marketing, Processes, Risk, Finances & People. You will find your fear & doubt diminish as you gain confidence in each aspect. Remember you are the boss now and need to be across it all.

3. Finally, it is time to strap in.

Now that you've done your business planning and sort help it's time to bring you business to life. So jump in the front seat, pull the harness down and enjoy the ride. It'll be slow at first but momentum will build. There will be highs and lows, moments of intensity and speed but stay true to your resolve and the ride will be amazing. If you run into trouble, just remember, there is help. Most importantly enjoy the experience and learn from the process. 

3 Steps

Manage the change
  • Take you time
  • Build confidence
  • Understand your time frames and challenges

Nurture the Idea
  • Seek help 
  • Conduct your due diligence
  • Test your idea

Coming to life!
  • Understand it might be slow at first
  • Be ready for change
  • Enjoy the process

If you need help to start your business, message us or book a free consultation.

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