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What advice would you give to someone starting a business? (lemdro.id)

submitted 8 months ago by governorkeagan@lemdro.id to c/asklemmy@lemmy.ml

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I’m thinking of the type of thing you wished you knew sooner. But if you have other advice, please share!

I’m a couple months (officially) into running a videography business and would love to use this post to share and help each other.

My Advice: I was into videography and doing it as a side hustle for almost a year but kept delaying registering myself as a business. If I could go back, I’d do that sooner.

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[–] ladicius@lemmy.world 16 points 8 months ago* (last edited 8 months ago) (1 children)

Don't start a business without a plan to handle all the stuff that is not your product.

If you are good at whatever your product is you are not automatically good at building and leading an enterprise (a company), and that may destroy your ambitions... In other words: Even if you have a very promising product you may fail due to completely unrelated organisational hassles because starting a business will drag you into processes that will drain ressources and your brain for completely different stuff, be it financial, legal, hiring and firing staff, customers (customers...), renting, ordering, offering, paper works, ecology and what not.

This shit can and will hurt, in the core meaning of the word, if you are not prepared.

[–] Obi@sopuli.xyz 6 points 8 months ago

Yep this is the reality. I was a small business owner before when I was young and I was decent at what I did but I had no idea of the realities of running a business. I did 10 years in corporate before starting another one and it's night and day because I now have way more business context and can breeze through all the side tasks with an understanding of how successful businesses are actually run.