Learning

5 Lessons I Learned As A Young Business Owner

In my first two years of business, I have learned many lessons. It has been an adventure to learn about business, how to market, protocols for how to do business, and learning from other entrepreneurs in the field. Of course there were many times at the beginning where I would want to give up and think that I can't do it. Honestly, that is part of the process. It's getting past the fear that you have when you start a business.

I'm sharing the 5 most valuable lessons I have learned and that have helped me to where I am today. 

You can't always get what you want....unless you work. We all know that song and there is some truth to it. You can't always get what you want.....unless you work for it. It takes a lot of hard work to get a business off the ground, make a profit, and keep going. It can be very hard to want to keep going when you find out all the stuff that you need to do to succeed. Don't let that scare you. Being an entrepreneur is one of the most rewarding times of my life and I know that it can be that way for you too. Your hard work will pay off. 

People may try to take advantage of your services at first. When you start a new business, your main focus is gaining a client. When you start out, your prices will start off at a certain point until you gain more credibility and business and then you can raise your prices. At the beginning, people may try to get you to lower the price because you may be a young entrepreneur that they think they can negotiate with. One of my biggest mistakes was lowering my prices to get the client. If you have a starting price and you know that you are worth it, don't back down! You are worth the price you set and if they want to pay you less then what you are worth, they may not be the client you want in the first place. Stick to your pricing. You will find clients that are worth your time and will pay you what you deserve. 

You will make mistakes....and that is a good thing. My motto is: 

"If you are not making mistakes, you are not trying hard enough."

Being an entrepreneur is a hard job and you will learn about what works and what does not. We learn from our mistakes and that makes us better entrepreneurs.

Don't be afraid to ask. This was hard for me at first. I didn't want to show weakness by asking for help, which made this one of my first mistakes. Asking for help gives you insight on how things will turn out and help prevent you from making mistakes. Asking helps you learn more from people who have experience in your industry, and that will benefit you in the long run. 

You won't see results happen overnight. This was another issue I had a problem grasping. I'm an optimist. So immediately when I come up with an idea, I expect to it to happen and show results right away. I learned the hard way at the beginning that I won't make money overnight. It takes time to build up a business, gain clients, create a process on how work is to be done, and overall make a profit from doing something you love. It may take time, but it will be worth it in the end when you can make money doing something that you love. 

Do what you love and you will never have to work a day in your life. I can finally vouch for this saying now. I'm extremely blessed by all that I have learned and now everyday I get to do what I love. 

What are lessons that you have learned from being an entrepreneur?