Happy New Year 2019 My Business Blog for this Week - 3rd January……..

 Hi All!.............

As I sit here writing to you at Brisbane airport about to board a flight to Dubai ready to begin my 2 week RTW trip …I think to myself how grateful I am to be doing what I love to do - Inspiring and serving so many people around the world – This is the greatest time ever to be alive. I would like to wish you all a happy and successful New Year 2019

Thank you for your support in 2018………………                    

As always please share my blog and social media posts with all your friends as that is how we build a community. Also I would love to hear your feedback, comments and suggestions of content for future weeks

Some items of news for this month of January……………..

1. As part of my monthly membership training program, in January, I will be travelling ‘Round the World’ and presenting a series of Livecasts and business training from 4 different countries in 3 different continents as follows;

• Dublin, Ireland 9th January,
• London, England 14th January,
• Miami, US 19th January and
• Brisbane, Australia 23rd January.

For more details of the Livecasts and how to join my monthly membership business program please click on this link

Click and Subscribe on the link

         Round The World Livecasts January 2019

2. I have just launched my 12 week business coaching program for those who want some help and guidance and accountability achieving their 2019 goals. The structured curriculum is for both One on One and Group coaching and is suitable for people from all walks of life; Today, I am blessed to be working with Olympian athletes, Start-ups, families working from home, doctors, school principals and CEOs of multi-million dollar companies. The program is based on a structured curriculum designed to get you results and outcomes over a 12 week period and at a very affordable rate. For further details and a 'Free' 60 mins discussion with me, please click on the link below and submit your name and email to request an appointment

        Click on link to Apply

        Business Coaching Application

3. My Young Entrepreneurs Academy launches in Australian schools later this month following their summer holidays. More details on this academy next in the weeks running up to the start.

4. Last but not least, you will see below that I have introduced a weekly competition to receive a bottle of the wine reviewed each week in my blog. To the winner, I will ship a bottle of the same bottle of wine to you anywhere in the world!! J

In the meantime here is my advice on 5 of the many questions that you submitted last week about Starting Up a Business                             

1. How much money should someone have saved up before launching a business?

Enough! This question is impossible to answer in generalities. Some start with $5,000 and a great idea. Some require millions to launch. The last business I started with $250 and today it earns multiple streams of income and you can start the same business today! We have never had a better opportunity to start up a new business.

For all start-up businesses you must research and forecast what it will take to get your business up and running–plus fund your daily living expenses.

It takes time to build a business, set up a location, hire staff and attract a client and customer base. And during all of this, money is going out, not coming in. In most cases, you should double whatever you project you will need in time and money to start your business. The world isn’t waiting for your idea or business–it is doing just fine, thank you, without it. So it takes great persistence and resilience to have the world finally see you–and want to work with you.

2. What about quitting a day job to launch a business – Good or bad idea?

Many entrepreneurs jump into a new business without first laying a strong foundation, and as a result, those businesses fail within the first year. Before you quit your current job, make sure to spend nights and weekends researching your market and competitors, and developing a solid business plan.

Next, line up funding, and begin to build your team. At the same time, make sure you’re operating with integrity and at full value to your current employer. When you can’t do both, that’s when you have a decision to make.

3. What’s the most common misconception people have about being business owners?

That they will be their own boss. They think, “Wow, I’ll be free and not have to answer to anyone!” Yes, being a business owner gives you flexibility, and over time, a sense of designing your own life. But until you reach that point, you’ll actually have many bosses: Your clients and customers, the bank, your investors, even partners.

4. What are the crucial shills for a budding entrepreneur?

There are so many: resilience, imagination, being unstoppable, integrity, the ability to create relationships easily, the courage to ask for help and make big requests, a commitment to face the financial facts, and the ability to excite others about your dream just as you are excited. Need help? Find mentors who know the industry–who are themselves entrepreneurs–and consult people who will hold you accountable, like a business coach.

5. If you’ve never managed people before, how do you build a valuable team?

Starting a business quickly transforms you. You must learn to be and do what you’ve never been or done before–or your business will fail. If you’ve never hired or managed teams before, you will learn by failing several times.

Surprisingly, first time business owners often make these mistakes while interviewing: Talking more about their plans for the business than asking challenging questions of the candidate; getting inspired by the interviewee vs. checking references and experience; hiring friends and family who need jobs and then not holding them as accountable as they would a qualified stranger they hired.

In short, what an amazing journey of self-discovery and re-invention this will be!

Note: 

If you’ve thought about starting up your own business, you might have begun to look for advice. There are so many tips for starting a new business out there that choosing which ones to follow can get confusing.

As a seasoned entrepreneur and coach, I can tell you that there is no perfect formula for starting a business. I’ve learned that the best business advice usually forces you to think in a new way and doing this with a coach who guides you and keeps you accountable is so important.

Starting your own business is often a learn-as-you-go process. But, the more smart decisions you make early on, the better chance your company has for success. If you have an entrepreneurial idea, consider the advice and tips mentioned above when starting your own business. I hope you found the advice of value.

And, as always, please give me feedback on

Facebook, LinkedIn, Instagram and YouTube

Which ‘Tip’ above is your favourite? What do you want more or less of?

Other suggestions? Let me know! Just send an email to [email protected].

Have a wonderful week!

Live the Life You Imagine!

-  Jimmi

www.jimmibradbury.com