EntrepreLeadership: Tips for Self-Leadership in Your Own Startup
This DATIS blog article, “EntrepreLeadership: Tips for Self-Leadership in Your Own Startup", was originally posted by Tom Schulte, Linked2Leadership, on April 12th, 2016 and was reposted with permission.
Working in organizations and leading teams certainly has its up and downs; its joys and challenges.
The right organization and the right people in the right places is often very satisfying for everyone involved.
Some of the good things about working in an organization are:
- Availability to work with others
- Enjoying personal and professional growth for you and others
- Being at a place that provides a certain level of resources and a bit of job security
However, leaving the financial security and resources that come with working at an organization to start your own business can be a scary thing to do.
Self-Leadership on Your Own
One way modern entrepreneurs are jumping into the brave new world of self-leadership is to start their own online business. Online businesses often provide relatively low barriers of entry and much more freedom to experiment with different ideas and approaches.
But taking this role requires a massive amount of self-leadership.
So for the brave, industrious, and inspired entrepreneurs who jump into this easy-to-enter world of an online business, self-leadership requires that they do their homework on the very fundamental aspects of launching their new venture.
Getting Up and Running
So if you are ready to go, you will need to follow some good advice and take a realistic few of what to do. This requires an open mind complemented with a healthy dose of discipline.
Think about this advice:
You are probably very anxious to finally get your site up and running so you can start earning some money. It is very understandable that you would feel this way. It is an exciting thing to start a new business.
However, you must remain patient and not get carried away.
Stay calm and do not neglect any essential tasks that you need to complete before the official launch of your site. Important details that you neglect now will most likely come back to haunt you at a later time.
3 Important Steps to Launch Your Online Business
Here are some of the most essential things to do before your site goes live.
1. Decide on a merchant service provider
You will need to sign up with a company that provides merchant services if you are going to be accepting payments on your site. This company will process all of the credit card payments on your site and keep a small percentage of each payment as their payment.
It is very important to shop around and compare the fees being charged by all of the various merchant service providers. You might be surprised by the disparity in the fees they charge. It will not cost you anything to contact all of these companies and see how much you will need to pay for their service.
You should also find out if they will require you to sign a contract. Ideally, you do not want to be involved with any company that will require you to be locked into a contract.
2. Test all facets of the site
Any good web site design company will be testing your site while they are designing it. However, the real test will begin once all of the designing has been completed. You would be wise to spend as much time as possible testing everything on your site to make sure that it works exactly how it is supposed to.
Many business owners who are about to launch a new site will hire people to test out the site and report any problems they find. They will also provide valuable feedback regarding the speed and maneuverability of the site.
The input of these people can be an extremely valuable tool in your quest to design a site that will capture the imagination of the general public. Your site needs to be working flawlessly by the time you go live.
3. Have your budget in place
You will have expenses once your site goes live. You need to be sure that you have enough money to cover them. This is why you need to create a budget for your business.
This will keep you aware of how much everything costs so you can adjust your spending properly. The daily operations of a website can become very costly if you are not careful. This is not even counting the money you will need to spend to promote it. Stick to the budget you have created as best you can.
However, you should always have some spare cash available for emergencies.