Let’s face it, calling yourself “an entrepreneur” is pretty vague, and I think that most of us need a little more structure to know exactly where we are along the journey. I’ve spent some time reflecting on this recently, and I came up with our Mompreneur’s Business Success Journey. I’ve outlined the success path that most of us fall on, from the very first time we consider starting our own business till the point that we consider ourselves a winner at the game.
I’ve divided this journey into 6 steps, and we go through them in detail in this episode of the podcast. In short, we have:
Explorer: considering becoming an entrepreneur. Researcher: collecting all the information about the business you want to start. Solopreneur: just started a business and working on it by yourself. Entrepreneur: A little while has passed, the business is a bit larger now and not all the decisions rest on your lone shoulders. Business Manager: You have a team now who handles various aspects of the business Business Owner: You are no longer overseeing the general running of the business
I’ve put together a quiz that can tell you exactly where along the success path you are, and according to your position, offer some milestones and action steps to help you reach the next level.
Take the quiz and let me know the results! I’d love to know where in the journey you are at …
Cash is King… so they say. One of the most important things to keep an eye on in your business is your Cash-O-meter. You could have a very profitable business, but without managing your cashflows, you could be in trouble – a large percentage of businesses that don’t make in the first 3 years are actually profitable on paper, but suffer from lack of cash.
There are many different methods of bringing cash into your business, here we will discuss 7 of those including crowdfunding, angel investors and VCs.
If you have any that you would like to add, by all means, add a comment to this page!
If you would like to be the first to know about our new membership, which we will be launching in the next few weeks, click over to monatavassoli.com/member
It has been exactly one year since we got on a plane and said goodbye to Dubai. It’s been a year full of firsts, adventure, self-discovery. I will not say it was the easiest thing I ever did… but I sure am glad we did it, I wouldn’t have done it any other way.
It wasn’t a decision we made lightly. It was years in the planning… but then when my visa arrived, with a 6-month window in which I had to land in Canada…. everything suddenly became real. The life we had built for over 20 years in Dubai, our business, our contacts… the fact that we were finally finding our groove – we were going to have to give that all up to start over.
It was a scary decision, but once we had decided, there was no looking back. And here we are, exactly one year later, and I couldn’t be happier!
There are a number of key takeaways from this episode, but I guess one of the most important ones is: once you make a decision, commit to it 100%. Don’t let cold feet get in your way… or think about the “what ifs”. Go at it with your full effort and see it through to the end.
All in all, this last year, we rebranded our business, pivoted our business model and started life from scratch here. In this episode, I share with you some of the learnings in the past year of migrating to a new country with two young kids and as an entrepreneur.