5 Questions To Ask Yourself When You Start A Business
by Sian Yewdall
January 19, 2019
These days, with the rapidly expanding world of online entrepreneurs and small business owners kickin’ butt in their chosen fields, it can be super duper easy to get caught up in the mindset of, “I want what she’s having.” And, why wouldn’t you?
Working from home, creating your own hours, pick and choosing your own clients and being your own lady boss, what’s not to love about that?
However, with the daydreams comes the stark reality of needing to pay bills, eternal struggles of, am I doing the right thing? Or, pressure to make it a success when things don’t go as planned.
With that in mind, here are five questions to consider before taking the leap from corporate career girl to frustrated and flat-broke creative.
- How do I want to be of service to the world?
When you start a business, making money should be a secondary consideration. Yes, of course, we all want and need cash flow to live and make our business successful but starting a business purely to make money is not a sustainable plan.
After a few years, or even months, when the novelty of your business starts to wane, and you come up against significant hurdles, where will you be left standing?
If you can identify how you want to be of service to others, your heart’s fire will ignite and making money will be a valuable side effect.
- Who do I want to be?
By the time you’re ready to start your own business, you’ve had a few life experiences, worked your tooshie off in your first or even second career (usually slaved on during your 20s) and developed a better understanding of what you value in life. By the time you get to your 30s or have a family, you start approaching things differently to the girl you once were.
Knowing your values and who you want to be in life can help you design a business and lifestyle that motivates you. So, take a moment to identify what values are important in your life and ensure they are part of your new business DNA, too.
- What would I do every single day for free?
Nothing motivates me more than when I connect with like-minded women who have felt the fear and followed their heart to accomplish their business goals. I find it truly inspiring and want to talk to these women about the how-what-where-when-and-why every day.
No payment. No problem. It’s a passion of mine and I would be happy to celebrate their accomplishments until the cows come home.
My point? The likelihood of your business bringing in your dream income from the get-go isn’t realistic, but your willingness to work hard and produce something you are passionate about while your bank balance rebounds, can not be underestimated. Let’s be honest, you’re less likely to work hard on something you don’t love if you aren’t creating cash.
- If I was the best in the world at ‘X’ I would…
Imagine you are already considered the top chick in your new field. How would you act, work, feel, behave, think? Would you make faster decisions, network more, put yourself out there and take bigger risks?
By treating yourself as the best in the world in your new business, before you get started, helps to remove the mind blocks of doubt, fear and uncertainty we all naturally feel as beginners.
You are stronger, wiser and more powerful than you give yourself credit for, and if you believe in yourself and your possibilities, then others will naturally follow and believe in you too.
- What will my life look like in the review mirror?
If starting your own business and being your own boss is an important step in building a meaningful life, then creating a vision of your ideal life will help you see everything that already sits inside you, bursting to be realised.
Take a few minutes to brainstorm what you want to see when you look back on your life as an 80-year-old woman. What did you accomplish? What are you most proud of? What gives you the greatest sense of fulfilment? Your answers may not be business related, and that’s fine. This is your review mirror and needs to reflect what you value. This process may also shine a light on whether or not starting a business is a high priority at all, or whether travel, family, health and many other areas take up more space than your own business in your ideal life.