Tag Startup

Riding Solo: Five Lessons I Learned from the Emotional Rollercoaster of Launching StorkStand (Without A Co-Founder)

I read every business book.  And they all said don’t start without a co-founder.  So that’s what I did.  I launched my first company a year out of college, as soon as I convinced one of best friends to join as my co-founder. In the moment, I was ecstatic.  I had a great idea (at least I thought so), and was ready to a build a product with a talented friend who I trusted.  Awesome! But within a couple months of working together, it became obvious that we weren’t the right balance of complementary skills, nor passion.  We pushed on for several more painstaking months together before going our separate ways.  Having taken a major hit to our ego, and our long-standing friendship, we stopped talking to each other (thankfully we’re great friends now) and both went on to new startups. Fast forward two years, and there I was again.

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The Mental Cost of Owning a Business That We Need to Talk About

It’s the perfect formula to happiness – setting your own hours, creating something new, being the boss, calling the shots, being idolized for your unstoppable success, living a life of freedom… In theory, the concept of entrepreneurship just sounds so sexy (at least I can feel kind of sexy working from the couch in my favorite dreamy kimono robe). But there’s a dark side. Reaping the benefits of this romanticized career choice requires risks. Gambling with something far more precious than money, time, and security… mental health. The expectations of starting a business are brutal. Everyone around you tells you it’s not going to happen or that leaving your 9-5 to pursue your idea isn’t worth it. You want to prove them wrong. You neglect their forewarnings. Talk yourself up. Read every inspirational article out there on making shit up. You keep telling yourself “you got this”, but slowly, the balls start dropping. You’re

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5 Ways to Make Wellness an Important Part of Running Your Business

Running a business is not for everybody. While being an entrepreneur is very rewarding, it can also be very demanding. You are the go-to person, whether you are a soloprenuer or running a business with a team that reports to you. No matter the size of your business, it can be so easy to get wrapped up in the day-to-day work that sometimes the business starts to run you – taking a toll on your health and overall wellness. Here are five wellness tips to help business owners: 1.) Find ways to get social. I’m not talking about social media. I am talking about actually getting social with those important to you in your personal life. Sure, interacting with some of those special to you online or even keeping in touch on a regular basis through text messaging and that is fine, but when was the last time that you actually

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The Painful Truth About Family & Friend Discounts

We’ve all done it.  We’ve all had that relative that wanted to use your services but didn’t quite have the means to afford you.  So what do you do?  Or maybe you haven’t experienced that first hand but you’ve had a friend who just needed a little help in the early days to “make it” in the long run.  It’s a common temptation for compassionate people to bend the rules for those closest to them, but it can be the death of your business.  Have you ever stopped to think that if anyone should want to see you succeed it would be your family and friends?  If anyone should pay full price they shouldn’t they be first in line? Perhaps this short paragraph was a wakeup call for you but you’re asking yourself… “ok, now what?  What do I do when someone asks for a discount?”. “Never make a business

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When to Start Paying Yourself as a Business Owner

When you are starting a business, the last thing you should be thinking about is paying yourself. What you should be thinking about is your budget and/or funding you may need to get your business off the ground. RELATED: How to Set Your Business Up for Financial Success Let’s fast forward a little bit. You are 2-3 years in. You are selling products, services or both and there is money coming in. (If there is no money coming in you need to make a change – that’s for another article.) Generally, if you are selling products when a product sells you make a profit. It really is that simple and at some point you should pay yourself for all of the hard work you have done. With business, like your personal life you have several expenses – some variable and some not that you pay monthly. This is where a lot

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I’m no expert; I’m really just a dreamer like you.

I’ve gotten a lot of inquiries lately via email and messages from business owners and bloggers with things like, “How did you start your business?” and “I’m so behind,” and, “Is it supposed to be this hard?” The answer is Yes. Starting a business is HARD. Maintaining a successful steady business is even harder and YES, you CAN do it! When I started each of my businesses, I had really been working on them all for months before they actually launched. I planned and strategized and did a risk analysis to really decide whether I would want to go full force and essentially take the risk of failure on my businesses and my reputation. To this day, I still consider the first 6 months or so of a new business to be an experiment. Fortunately, my “experiments” are working. The best advice I can give is to know what you

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