Do you want to kill your online business dead in its tracks?
If so, then you might want to look elsewhere for advice, because this quick guide is about all the things you shouldn’t do if you want your business to flourish. If you’re like most internet-based entrepreneurs, then this is exactly what you want.
The road to success, however, is fraught with some easy-to-make pitfalls that could send you straight on the path to ruin.
There are long lists about what you shouldn’t do, but today we’re going to cover four things that you absolutely should not engage in if you want your business to thrive.
Have A Plan
It’s like hitting the road without a map (or smartphone navigation app, if you’re looking for a 21st-century equivalent).
If you have no idea of what you want to accomplish, then you’re not likely to accomplish anything, no?
If you want your online business to succeed, you need to have a clear idea of what you’re setting out to do, and a series of goals that will lead you in the right direction.
Let’s take the example of you trying to develop a new app or platform. You need to have a development plan, a quality assurance plan, a delivery plan, a launch plan, an error monitoring plan, etc. It’s all about the plan.
Sure, you might not hit all of them in the way you want to (even the best plans can get derailed) but to have a sense of where you’re going, you’ve got to start charting the steps beforehand.
Make Sure You Have Sufficient Funds
Do you know how difficult it is to run an online business with no funds?
Ask anyone else who’s started a web business before and chances are they’ll tell you that a lack of capital is a significant barrier to entry.
Thankfully, though, there are plenty of ways to raise the money you need to get the ball rolling.
Traditional means like seeking out investors or using your saved up cash are one way, but in recent years, fundraising sites have started to take center stage when it comes to getting some businesses to their initial cash flow goals.
You have to approach fundraising carefully, of course.
Rushing in half-cocked is a great way to fail at meeting your goals. Make sure that you have a good idea, a great pitch, and the means of spreading your message before starting your campaign. With these in hand, you’ll be able to get to your goals much easier.
Structure Your Thoughts
Similar to having no plan, having no structure to how you’re running your online business is a recipe for disaster.
Granted, there are some super-talents that seem to have it all figured out no matter what, but for most of us mere mortals, introducing some sense of regularity to our operations can go a long way towards success.
You can start by introducing a way to properly manage your time.
Online tool like Clockspot is a great way to keep track of timesheets, organize what you should be doing, and making sure you’re not wasting moments needlessly. Incorporating these into your playbook is a must for continued business operations.
Believe In Yourself
If you don’t have a winner’s mindset, you’re likely to be defeated before you even make it out the starting gate.
Remember the mental components to staying at the top of your game, and employ them to the best of your ability to ensure that you have the will to continue trudging ahead.
Perhaps more than any other element, the champion’s spirit is integral to making sure that you can keep yourself from killing your online business dreams.