Starting your own business – 8 common myths and misconceptions

Every year, hundreds of thousands of entrepreneurs make the huge leap from working for somebody else to running their own business.

Launching your own venture is a leap into the unknown, and many new business owners discover that much of what they thought was true about starting their own business, turns out to be completely false.

There are many common misconceptions about running your own business, and being caught out by some of these can prove very costly indeed. To help you separate truth from fiction, here are 8 common myths about starting and running your own business;

(more…)

Leaders tell people what to do – don’t they?

As a leader, it’s your job to decide what kind of behaviour you would like in your organisation. But, how do you find your own style as a leader and set the tone for everybody who works with you?

Here, Kate Mercer, author of ‘A Buzz in the Building – how to build and lead a brilliant organisation’, looks at different styles of business leaders and explores the concept of partnership at work as a guiding principle…

(more…)

6 common leadership traps to avoid in your new business

As business owners we all make mistakes. It’s part and parcel of being an entrepreneur and taking risks.

Sometimes going wrong it’s part of the learning curve we all need to experience. However, there are some common pitfalls that catch many new business owners time and time again. They trip up the unwary, hold you back and stop your business from fulfilling its potential.

Knowing what these mistakes are will help you spot them before they ensnare you – saving you precious time, effort and money. Here, Shweta Jhajharia reveals the 6 leadership traps you need to avoid if you want your business to flourish.

(more…)

How a little negative thinking can help your startup succeed

You’ve got to be a bit of an optimist to start a new business. This positive outlook undoubtedly helps you to get through the ups and downs of starting your own business, but it’s worth investing in a bit of negative thinking too.

When astronaut Chris Hadfield described his preparation to go into space, his focus was not on how fantastic it was going to be when he got there but on being ready to deal with the things that could kill him, so he could get to come back again.

This approach has parallels for how we start up too – we can dream of the big fabulous destination, but we have to expect that we will need to overcome challenges to be a success.

Running a startup is about stepping up to run a messy marathon, not hunkering down to run a perfect sprint. We have to make sure we can go the distance and this means we need to talk about embracing failure, affordable risk and filling the weak spots.

(more…)

9 ways to strike the right work/life balance as a small business owner

Being a business owner, and your own boss, is one of the most rewarding things you can do in life, but it can come with some drawbacks such as long hours, stress and a poor work/life balance.

If you’re running your own business and want to stay on top of your game for the long-term, you need to look at the way you integrate work into your life. If you work too hard, you can run yourself into the ground and actually end up damaging the business, you so desperately want to succeed.

So here are 9 thing you can do to help strike the right work/life balance while running your own business; (more…)

Graduate entrepreneurs lack support from universities

UK graduates interested in freelancing or self-employment feel their university should have done more to support them, according to a new study by business insurance broker PolicyBee.

The study, which surveyed just over 1,000 recent graduates, found that 62% of graduates said freelancing or self-employment was not discussed at all by their university’s career department. (more…)