📈 10 Ways I Grew My Business! The Something New Show podcast

3M ago 27:42

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Interested in starting your own business but don't know what to do? Or perhaps you tried in the past but don't know what went wrong? In this special coaching episode, host Mindi Linscombe shares lessons learned and drops her top 10 recommendations on starting a business. Mindi gets asked all the time, "How did you start? How did you do it?". She and her husband Jordan started their successful companies from nothing. So, here are the top recommendations and points she is sharing openly for you:

🔸We made a choice to live off a small income. We sacrificed in our personal budget when we started. We sacrificed a lot of time. We did side jobs like piano lessons to make ends meet.
🔸I knocked on doors for bank loans and had to stay persistent. Our bridal business is heavy inventory so we had to have enough captial. Jordan also told Mindi, that he'd rather her try and start the business and fail then say "I wish we would have tried" when older. Went all in and left "safe" behind.
🔸We fond someone already doing the type of work successfully and asked for help.
🔸We started small and low risk. Don't quit your day job until the new business can cover enough of your financial needs. Learn from your sales and grow with what is working.
🔸We networked like crazy. We connected face to face with other vendors or like minded people in our industry.
🔸We followed up with every single potential lead. I built my list and asked others to refer people that needed my services.
🔸We didn't pay me for 3 years! We paid off debt, kept money in the business and made the company foundation solid. We built margin for rainy days. We managed our expenses tightly. Always invest in what gets you more customers.
🔸We hired someone who gave me more time back so I could make more sales.
🔸We tried to understand what it would really cost us in our time, expectations, energy and more. It's essential you understand what starting a business will cost you...especially if you are married. So much is delayed gratification!
🔸We consistently assessed and evaluated how the business was doing. Then we would learn from that feedback, course correct, and improve.

***
Connect with Mindi & The Show:
🌐Website: www.mindilinscombe.com
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🔸We made a choice to live off a small income. We sacrificed in our personal budget when we started. We sacrificed a lot of time. We did side jobs like piano lessons to make ends meet.
🔸I knocked on doors for bank loans and had to stay persistent. Our bridal business is heavy inventory so we had to have enough captial. Jordan also told Mindi, that he'd rather her try and start the business and fail then say "I wish we would have tried" when older. Went all in and left "safe" behind.
🔸We fond someone already doing the type of work successfully and asked for help.
🔸We started small and low risk. Don't quit your day job until the new business can cover enough of your financial needs. Learn from your sales and grow with what is working.
🔸We networked like crazy. We connected face to face with other vendors or like minded people in our industry.
🔸We followed up with every single potential lead. I built my list and asked others to refer people that needed my services.
🔸We didn't pay me for 3 years! We paid off debt, kept money in the business and made the company foundation solid. We built margin for rainy days. We managed our expenses tightly. Always invest in what gets you more customers.
🔸We hired someone who gave me more time back so I could make more sales.
🔸We tried to understand what it would really cost us in our time, expectations, energy and more. It's essential you understand what starting a business will cost you...especially if you are married. So much is delayed gratification!
🔸We consistently assessed and evaluated how the business was doing. Then we would learn from that feedback, course correct, and improve.

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📈 10 Ways I Grew My Business!