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The 9 Growing Pains Entrepreneurs Need to Overcome

If you’re looking for a glamorous lifestyle, don’t choose an entrepreneurial career path. While the rewards can be lucrative, the beginning stages are almost always littered with challenges and growing pains. This is especially true when attempting to push a startup past the initial launch, as you’ll face a number of growing pains.

Here are nine major ones:

1. Getting overwhelmed by growth
For entrepreneurs with successful ideas or startups, there’s always pressure to grow and expand: t’s just the mindset of 21st century entrepreneurs. You come up with an idea, you launch it and you grow it. Most entrepreneurs want the biggest enterprise they can build — and they want it as quickly as possible.

While there’s nothing wrong with growth, you have to be careful with how and when you pursue it. As Entrepreneur.com contributor Robert Kiyosaki writes, “Just because you’re successful building a small business doesn’t mean you’ll be successful building a big business.” In other words, some entrepreneurs and businesses are better suited for smaller scale operation.

Every entrepreneur will eventually have to deal with the growing pains of expansion, and it’s up to you to determine whether or not it’s the right time to push forward. How you deal with this growing pain may determine the future success of your business.

2. Learning to say no
Saying no isn’t natural for most people. Humans are innately born with a desire to satisfy others. We prefer to say yes. However, successful entrepreneurs have to love the word “no.” In fact, you’ll need to say no more than you say yes.

You may never get to a point where you’re comfortable saying no, but you have to do it anyways. Otherwise, you’ll end up compromising your business at the expense of making people happy. It’s an uncomfortable growing pain but one that must be dealt with, nonetheless.

3.Transforming into a leader

There is a big difference between being an owner and a leader. A business owner looks at things through a black and white lens. Numbers have to add up, spreadsheets must be organized and people are nothing more than assets. A leader, on the other hand, must have both business intelligence and emotional intelligence.

A leader cares about employees, takes their interests and suggestions to heart and makes decisions that benefit employees, customers and the business.

4. Creating a focused vision
Along with that need to become a leader comes the demand for a focused vision. “This is a meaningful vision that you write down and which represents the highest agreement among all the people involved in the new venture,” writes Ken Blanchard, entrepreneur and best-selling author. “It’s where you and the founders of the organization declare who you are, what you’re up to and why it matters.”

While it sounds neat and easy on paper, creating a focused vision is far from easy. If multiple founders are involved, it’s tremendously difficult to get everyone on the same page.

5. Trimming costs and developing a lean environment
Once your startup begins to grow, you have to find a way to trim costs and develop a lean environment that takes expenses and profit margin seriously. It’s never easy to make changes when something is already “working,” but you will have to if you want your business to experience long-term growth.

To read the full article click here.

Boots On, Start Up & Grow at Global Entrepreneurship Week

ENTREPRENEURS the world over are preparing for an exciting Global Entrepreneurship Week (GEW) and those in Canterbury are not going to be disappointed, as business support initiatives StartMyBiz and GrowMyBiz, have created an inspirational line up of workshops and seminars for their annual Boot Camp.

One of the highlights of Boot Camp this year has got to be Get Growing: Great British Business Road Show. The half day workshop will address one of the toughest questions for entrepreneurs who are ready to expand their business, “When I’m already working full time in my business, how do I make the time to grow it?” Penelope, the clever app and telephone service that makes your small business look bigger, will kick off the day’s proceedings. Then speakers from Elance, FreeAgent and Constant Contact will be giving top tips on time saving through outsourcing, business finance and digital marketing. In addition to their talk on why businesses fail, Advantage Business Partnerships are providing a free business growth assessment worth £199.00 for every attendee. It’s set to be a high octane, interactive event topped off with an exciting prize draw to win £500 and a networking lunch where entrepreneurs can find prospective business partners.

Clare Smith and Joanna Jones from Dover Arts Development will be demonstrating the far reaching benefits of creative mind mapping, guaranteed to help both creative and more practical, problem-solving minds implement a successful business strategy. As joint Directors of DAD the duo have some impressive projects under their belts including Nautical Threads exploring Dover’s history, DAD4DADs examining the family role of the father and Six ways to Wellbeing aimed at improving mental wellbeing of young people. Their approach to running their own business is thoughtful, collaborative and emotionally intelligent and these are the skills that they will be passing on to entrepreneurs at Boot Camp.

StartMyBiz and GrowMyBiz have yet to reveal many other quality business events that will help you start up and grow, so watch this space in the run up to GEW for more information on how your business can benefit from Boot Camp!

StartMyBiz and GrowMyBiz are supported by Canterbury City Council, Canterbury 4 Business, University of Kent, Canterbury College, Kent County Council, Canterbury City Partnership and Canterbury Christ Church University. RIFT Group, Canterbury HR, Tony Avery from Creative Corporate Solutions, Phil Auden from Pinchpoint Coaching Alison Young from Aly Young Law and the team at the lovely Abode Hotel Canterbury have all provided invaluable support for what promises to be another brilliant Boot Camp.

Boot Camp runs from 17-23rd November 2014. You can register for all events via the StartMyBiz website here: http://www.startmybiz-canterbury.com/events or by contacting Chris West on 01227 862 532 and (07786) 852 061

The Business Boot Camp that has Entrepreneurs Stomping their Way to Success

STARTMYBIZ Canterbury’s Business Boot Camp has been taking the city by storm this week with successful entrepreneurs from all industry sectors delivering dynamic, interactive workshops to local entrepreneurs to help them harness their innovative business ideas and create start-ups of their own.

Boot Camp attendees got the benefit of some free legal advice as Alyson Young from Keystone Laws London office kicked off the week by explaining the importance of taking control of your business relationships and having a clear damage limitation strategy in the event of any problems. She also delivered a very interesting workshop simplifying and clarifying the complex principles of Intellectual Property law, while Stuart Tanton from the Kent Foundation for Young Entrepreneurs gave some great insights about the best way to create a successful business idea. Monday’s marathon of events was rounded off with a rousing workshop helping talented art & craft lovers build a business around their passion. It was delivered by Alisa Yingling from BSK-CiC‘s Fusion initiative, a programme for entrepreneurs who want to run a business with an environmental and social conscience. Tuesday was devoted to networking skills and tips for running a social business, while the highlight of the week so far has surely been the Start Up workshop on Wednesday, led by Emma Jones of Enterprise Nation and StartUp Britain fame.

The rest of the week has been very much focussed on money with workshops and 121 sessions helping delegates deal with what is often cited by entrepreneurs as the hardest aspect of setting up a new business securing finance and accounting. Throughout the week the ABode Hotel has provided both the organisers and the many attendees with wonderful service and a lovely backdrop to many of the workshops. As Project Leader Natalia Sukhram acknowledged, The ABode has been great, all of our sponsors have been wonderful, we couldn’t have made Boot Camp such a success without them.

Business owners who have already benefited from the wisdom of the experts involved in StartMyBiz, include counsellor Harriet Frew who helps her clients overcome the emotional distress and physical disorders that are holding them back, giving them the freedom to follow their dreams. StartMyBiz helped her gain exposure by giving her advice about signposting and exposure to enable her to bring her expertise to her market. Harriet is based at Lombard Well-being Centre in Canterbury and you can contact her on 07779940326; harriet.frew@gmail.com and at www.kenteatingdisorders.co.uk. Sandra Paquie is a life coach who teaches her clients to follow their passions based on her own life experiences. She says Coaching for me is not a job but more of a mission that I am very passionate about starting a business is not easy, especially when I had never been a business owner before and I didn’t know where to start. SMB has been a key component at the start of my business. Indeed they have given me access to free training and seminars, free advice and mentoring, which has been crucial for the growth of my company, and the support continues. Thank you SMB for your support!”

If, like Harriet and Sandra you have a passion that you want to turn into a business venture, then StartMyBiz can help you too. contact Project Leader Natalia Sukhram on natalia.sukhram@startmybiz-canterbury.com

We Made It! Now You Can Too

ENTREPRENEURS, students and job seekers who are looking forward to attending the StartMyBiz Canterbury Boot Camp, 18th – 23rd November, will be further inspired by the great success stories of the businesses that have already launched with the support of the Project.

Local journalist Annie Sparks enlisted the support of StartMyBiz to help launch her online lifestyle magazine Chaleureuse; a bountiful feast of classic and quirky ideas focused on French cooking, design, style, interiors and gardens. Delighted at her progress she told us, StartMyBiz has been a great help to my business, both in terms of the 121 business advice I’ve received and the fantastic seminars they run. Annie pays particular tribute to StartMyBiz Project Manager Natalia Sukhram, for helping her channel her ideas into a workable model and encouraging her to take Chaleureuse in exciting and profitable new directions by using her language and newfound social media skills to provide B2B translation and online marketing services.

Explaining her enthusiasm for the Project Annie says, I would advise any local start-up business to contact StartMyBiz. It’s free advice tailored to your needs and it’s great to have an outside opinion to make you realise your potential and turn your ideas into reality. To discover more, contact Annie at info@chaleureuse.co.uk, Facebook: Chaleureuse and Twitter: @chaleureuseUK and visit the online shop at http://chaleureuse.co.uk/

We Made It! is another great business supported by the StartMyBiz Project. The brainchild of Emma Davies and Lucy Gates, the We Made It! brand includes a beautiful shop stocking locally crafted products and a thriving support platform for local independent artists, artisans and crafters. It is clear that both ladies are enjoying their new lives as entrepreneurs. Lucy, who decided to work for herself as part of her plan to overcome MS, sums it up perfectly when she says Since becoming self-employed, working in the crafting community has allowed me to do something I love and to be a worthwhile member of society: I feel I am no longer a statistic. To find out more visit www.wemadeitstore.blogspot.com

If you want to turn your big idea into a successful business, you can register for your free place at the StartMyBiz Business Boot Camp. A dynamic group of business experts will be speaking on a variety of topics including planning and growing your business, effective networking, social and environmentally sound concepts, pitching and finance. To register visit www.StartMyBiz.co.uk today. You can contact event organiser Natalia Sukhram at natalia.sukhram@startmybiz-canterbury.com.

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Information Sources for Starting Up in Business

Finding the right information is a crucial part of both starting up and developing your

enterprise. This document contains details of a wide range of online databases, books,

directories, journals and websites all of which provide vital business start-up information

and advice.

For more information visit: http://www.bl.uk/reshelp/pdfs/startupinfo.pdf

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School for creative startups – Looking to start a creative business?

ABOUT

School for Creative Startups Kent is an adult education skills and support course for creative entrepreneurs who need that extra boost to get their business idea off the ground. Normally costing £3,500 per student, Kent County Council has fully funded 100 places on this Folkestone-based programme for Kent County residents, local business owners or those intending to start a business based in Kent. The move is part of an overarching plan to support Kent’s vibrant cultural scene as well as encourage economic growth in the county, which already boasts 4,000 employees at 1,190 creative businesses.

If you seek to start a business in any of the following categories you could benefit from this programme:

  • Broadcast Media
  • Communications
  • Craft
  • Culinary Arts
  • Design
  • Digital
  • Fashion
  • Fine Art
  • Music
  • Performing Arts

Launched by serial entrepreneur Doug Richards in 2010, the London-based School for Creative Startups has seen hundreds of mums and dads, life changers, makers and young dreamers graduate to launch successful businesses. By extending the programme to Kent, the School for Creative Startups hopes to unlock the county’s potential to be at the heart of British innovation and entrepreneurship.

HOW IT WORKS

Running across an academic year from October through May, this part time programme provides you with 12 full days of teaching covering everything you need to know to get your startup going and growing, including cash flow, business models, marketing and more “ in language you can easily understand.

Wrapped around the training sessions is as much one to one staff support as you need, delivered at a time that works for you- not to mention all the peer support you’ll receive from the network of classmates you’ll quickly develop.

You’ll also have access to our utterly vast online community, which houses thousands of relevant articles, e-learning sessions, discussion boards, templates, an events calendar, offers, discounts and every training session recorded to revisit at your leisure.

We also have an amazing network of advisors called the Titans of Industry who are available for sector specific advice, to help you tackle those tough to solve challenges.

The course culminates in May with the end of year Showcase where students realise pop up shops for press, buyers, investors, VIPS and the public, putting all that they’ve learnt to the test.

It’s a pretty mega package all in!

COST

FREE to Kent residents and those who are planning to start or have already located a business in Kent.

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Acacia

Acacia is a a multi-disciplinary graphic design studio helping businesses build strong brands.

Start-ups with a strong brand communicating their vision gain instant competitive edge and market recognition. This would take years to achieve otherwise. Acacia offers high-end expertise for the fraction of the cost of a traditional creative agency.

Offer to StartMyBiz Registered Members: £100 discount introductory offer.

For more information visit: http://www.acaciauk.net/

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JPW Business Solutions Ltd

Investment ready business plans

 

If you are:

– A start up business in need of some practical help and advice?

– Not sure that you have a market?

– Struggling to establish how much start-up capital you need?

– Looking to prepare a robust business plan that supports your borrowing requirements?

– In need of some help with crunching the numbers?

 

For more information visit: https://www.linkedin.com/in/jpwbs

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Indiegogo

Tell people what you are doing, how they can help and what unique perks they’ll get for becoming contributors. You keep 100% ownership of your campaign and you don’t owe a cent until you raise money.

Find out more: https://www.indiegogo.com/

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Bridget Designs

Bridget Designs provides a range of marketing and design services including web design, hosting, logo design, business cards, print design, illustration, social media and much more.

I offer great packages for start ups and can design a quote to suit your budget. Friendly, professional and experienced service. See my website for more info or get in touch for a free quote.

For more information visit: http://bridgetdesigns.co.uk/