On Saturday I went to speak at Enterprise Nation's Startup Saturday as a panellist doing a Q&A on starting a business. Rob and I went to Startup Saturday a couple of years ago when we were first considering starting a business and it’s a really inspiring and practical event so if you’re thinking about starting a business I highly recommend it! Being a panellist was really enjoyable so I thought I’d share 5 things I learnt from it:
1. Everyone is in the same boat – when you’re starting a business everyone faces the same problems – namely how to get started. Whether this is setting up an e-commerce website or negotiating small runs of packaging everyone is trying to solve the same issues. This is why events such as Start Up Saturday are so valuable – you can learn from people who’ve had the same problems! Don't be afraid to ask people who have been in the same situation as you for advice, people are normally very happy to share!
2. Balancing the books – it’s really important to keep on top of your cash flow, budget and sales – this discipline is really important to the success of your business so start as you mean to go on and get processes in place to review these regularly from the beginning.
3. Get feedback – it’s great to get feedback from different sources so speak to everyone about your idea - they will all have something valuable to add!
4. Putting your learning into practise – it’s really important that after these events you go away and actually do what you learn!
5. Go for it – so many people have brilliant ideas, I found the event really inspiring and motivating – it’s so exciting starting your own business so whatever is stopping you, find a way around it and start now!