Starting a business can be a daunting task, especially when you're on a tight budget. But it doesn't have to be impossible. In this episode of "Money Matters: A Financial Education with Sheri Michele", we discuss tips and strategies for starting a business on a budget.
First and foremost, it's important to get a mentor. Having someone who has been through the process of starting a business and can offer guidance and advice can be invaluable. They can help you navigate the challenges that come with starting a business and provide a sounding board for your ideas.
Another great resource for learning about starting a business on a budget is YouTube. There are countless videos on the platform that cover everything from business planning to marketing and sales. Take the time to search for videos that are relevant to your business and learn from the experts.
In addition to YouTube videos, reading books on the problem you need to solve can also be helpful. There are countless books on starting a business, and many of them offer practical tips and strategies that you can use to get started.
Another important aspect of starting a business on a budget is to find a buddy at the same level you are. Having someone to share the journey with can make the process less intimidating and more fun. You can support each other and share ideas and resources.
It's also important to find a mentor one level higher than you. This person can offer more advanced advice and help you grow your business to the next level.
Lastly, it's crucial to pick a problem to solve. Starting a business is about solving a problem for your customers, so it's important to pick a problem that you're passionate about and that you believe you can solve.
In this episode, Sheri goes into detail on each of these tips and shares her own experience and insights on starting a business on a budget. We also talk about the importance of having a money mindset and how to separate your business from your personal finances. If you're thinking about starting a business, this episode is a must-listen.
To connect with Sheri you can visit her website: https://www.itssuddensuccess.com
