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Mistakes I Made in Business
In today’s episode of Dollars and Dreams, I dive into the
mistakes I made when starting my business. Despite my background as an accountant, transitioning from employee to entrepreneur in 2006 presented challenges as I grew my business.
I candidly share my early struggles with operating from my
home office, battling imposter syndrome, and the negative effects of undercharging and over-servicing my clients.
These experiences taught me the importance of setting proper boundaries and truly valuing the services I offer, lessons I hope will help other small business owners avoid similar pitfalls.
Throughout the episode, I offer key insights on the necessity of fair charging practices, the dangers of under pricing, and the empowerment that comes from not letting clients dictate the terms of engagement. I also emphasise the importance of understanding your ideal client avatar to refine and target marking efforts effectively.
To wrap up, I encourage listeners to adopt a strategic approach to business, which includes budgeting that starts with paying oneself first, maintaining strict control over cash flow, and preparing an exit strategy to guide long-term business goals.
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By Jen RichardsonIn today’s episode of Dollars and Dreams, I dive into the
mistakes I made when starting my business. Despite my background as an accountant, transitioning from employee to entrepreneur in 2006 presented challenges as I grew my business.
I candidly share my early struggles with operating from my
home office, battling imposter syndrome, and the negative effects of undercharging and over-servicing my clients.
These experiences taught me the importance of setting proper boundaries and truly valuing the services I offer, lessons I hope will help other small business owners avoid similar pitfalls.
Throughout the episode, I offer key insights on the necessity of fair charging practices, the dangers of under pricing, and the empowerment that comes from not letting clients dictate the terms of engagement. I also emphasise the importance of understanding your ideal client avatar to refine and target marking efforts effectively.
To wrap up, I encourage listeners to adopt a strategic approach to business, which includes budgeting that starts with paying oneself first, maintaining strict control over cash flow, and preparing an exit strategy to guide long-term business goals.