Assuming you’ve already taken your leap, and you have a product or service you’re selling, now it’s time to build your business. I’d first like to congratulate you because you’ve taken the first step toward officially becoming an entrepreneur!
I developed the 9 Stages to Building Your Business in Entrepreneurial Leap to help give you direction and overcome certain obstacles you’re sure to encounter along your journey. Having awareness of these nine stages will greatly increase your odds of success.
No list or book can tell you the exact steps and path you’ll take to achieve your ten-year goal, because every path is different. As you might imagine, building a $100 million national restaurant chain is a lot different than building a $1 million cabinet-making company. However, every entrepreneur faces some very consistent milestones, hurdles, events, and steps along the way, and this article will address each of them.
My goal is to help you stay one step ahead of the barriers that slow or prevent many entrepreneurs from growing their businesses to their full potentials.
Without further ado, here are the 9 stages to building your business. Click on each stage to take a deeper dive into why it’s important and how to implement it in your business.
- Generating Cash
- Hiring an Integrator
- Discovering Your Core Values
- Holding Yourself Accountable
- Communicating Frequently with Your Employees
- Having a Plan B, C, and D
- Staying In Your Sweet Spot
- Preventing Your Business From Getting Away From You
- Capitalizing on Coaching, Training, and Mentoring
So there you have it, the nine stages, the exciting journey that is building your business. While you know by now that this is hard, it’s the most enjoyable, rewarding, wild, exhilarating, challenging, and scary ride you’ll ever take. I wouldn’t trade it for anything.
Read chapter 15 in Entrepreneurial Leap, Building Your Business: The 9 Stages, and engrain them in your brain. The more aware and ready you are when launching your business, the more seamlessly you will implement each stage.