Episode 44 | Don’t Start with a Mess
In this episode of the Messy Back-End of Entrepreneurship, our Expert, Ella Glasgow, Creative Entrepreneur Coach, shares advice for getting started from scratch.
To be successful, you have to have your heart in your business, and your business in your heart.”
– Thomas Watson Sr.
Creative Entrepreneur Coach l Business Strategist l Dream Ignitor
I am interested in starting my own business. How can I get off to a great start?
Start by deciding and understanding your Real Success Number.
Your success number is the amount of money you need to make to feel successful. That can be a trick question because you can feel successful without the money. However, you can’t pay the bills without the money.
Dreaming is very important, but this needs to be a realistic number. The best way to sort out what your success number, is to get in the numbers of your life. You need to gather information to figure this out:
- Total debt (credit card debt, school loans) not including your house
- Monthly expenses (mortgage, rent, food)
- Miscellaneous expenses (good out with family, movies with friends,etc.)
- Things you want to do this year (go to conference, hire a coach, etc.)
Be real with yourself and your numbers.
First, add your monthly expenses and monthly miscellaneous expenses and times them by twelve. Then add your total debt and the things you want to do this year. That final number is your success number.
You have to know where you are starting. Write down what you made last year and subtract your yearly income from your success number and that shows you the gap. Then finally you can take action!
It is hard to put a number on your packages if you don’t know what your goal is. If you know your success number and your gap, you can formulate your packages around that. The success number gives you a starting point.
You can not serve others unless you first serve yourself.
You can have your cake and eat it too! Get out of that mindset where you feel like you need to do your stuff for free or ridiculously cheap and start charging the value that you know that you provide. It has to be valuable to the person you are selling to.
Coming up with monthly goals is easier and more achievable than yearly goals.
We all want to be millionaires, but we all have to begin where we are. You can have your sights on a million, but you need to work on your current gap right now.
Ella’s Offer: Visit www.thedreamignitor.com to claim your free Dream Ignition Call to discover how you truly can make your dream your reality