Just consider J K Rowling’s own rags to riches story, starting in a cafe in Scotland to becoming the world’s first living billionaire author.
Setting up your own business is never going to be easy. It is a gamble and it will be hard work. Yet, with the right mind set, attitude and finance, it can be hugely rewarding and change your life forever.
So what can we learn from the ‘Most Influential Woman in Britain’ 2017’?
Have a vision and never give up.
J K Rowling always knew she wanted to be a writer and her vision meant she never gave up on that, despite being told ‘not to give up her day job’. You may have to try several times to make your big idea become a reality but nothing worth fighting for was ever easy.
Stay focused don’t stray from the core values of your idea.
Keep it simple and don’t over complicate it. Write a business plan that includes production, manufacture, housing, budgets, forecasts and funding. Allowing other stakeholders to entrust in you and your ideas, creating opportunities for potential customers.
Perseverance is key when setting up your own business.
J K Rowling was knocked back by 12 publishing houses before Bloomsbury finally gave her, her big break. You might well get knocked back but that’s all too often part of the process.
Learn from every mistake or mishap.
It took J K Rowling 5 years to plan the Harry Potter series; making sure every character was detailed and plot twists invincible. Sometimes the only way to get something right is because we got it wrong in the first instance, so long as we learn from it. Rushing can increase your risk.
Funding isn’t restricted to traditional banking methods.
In today’s finance and funding market there are many options including; 5 Key Reasons Why Invoice Finance is More Effective than an Overdraft and our ICON - In Case Of Need - A Cashflow Cushion.
For any budding entrepreneur, this statement by J K Rowling, must surely stir up a whole host of ‘can do’ emotions.
“Turn yourself from someone who’s ‘thinking of’, ‘trying to’ or ‘might’ to someone who ‘did’". – J K Rowling.