As small-business owners, it’s not uncommon to prioritize your business over all else. But, you’ve got to put yourself first if you want your business to succeed long term. Otherwise, you may burn out or wake up one day and realize you’ve built a company that is incompatible with the life you want. Get super clear on your one, five and 10-year life goals, then fit your business to those goals.
Before you try to target multiple products and various audiences, become an expert in one single offering. At the start of building a business, niche down to create the best product offering with the greatest value possible. From here, you can expand over time. This builds trust behind your brand and enables you more growth in the future.
Every product, employee hire and marketing campaign needs to be rooted in the vision of your business. Build a deep sense of what this is and make sure to check that each decision you make is in alignment. It’s tempting to say “yes” to certain opportunities, but if they are not aligned with your long-term vision, you will lose valuable time and resources along the way.