How to Keep Your Momentum Going When Starting a New Business

Smiling shop owner standing in front of her new business.

Deciding to “just do it” is often the first step in launching your own business. But running a small business is a marathon, not a sprint, and there can be many steps to get your business going. In fact, studies show1 that only about 12% of resolution-makers cross the finish line. 

To achieve success, experts say it’s critical to set goals, make a detailed plan, and take small, incremental steps. But even with the best-laid plans, becoming a business owner is overwhelming, and taking the first step can be scary. 

Fear not! We’ve provided a business launch guide with a round-up of articles packed with small business must-haves to help you beat the odds and achieve your goals. Let’s jump in! 

Tools, Tips, and Guidance to Start Your Business

1. How to Be Self Employed While Working 9-to-5

This article provides a low-risk business launch guide filled with solopreneur business ideas and tips on how to decide which business to start. Learn how to start your business as a side gig while keeping your day job, and make a smooth transition without risking your financial safety net.

2. How to Start a Small Business: Our Easy-to-Use Guide

Key steps in this handy business starter kit include registering the business, creating a detailed business plan, establishing a location, applying for required licenses, setting up a business bank account, and obtaining start-up business insurance. Additionally, this business launch guide explains how to estimate start-up costs, avoid common budgeting mistakes, and create an effective marketing plan. 

3. FREE Business Plan Template for Small Business Owners

Whether you’re applying for a small business loan or setting goals for your growth, a business plan is one of those small business must-haves. This business starter kit also offers a free, easy-to-use template to help entrepreneurs like you to create your own business plans, providing step-by-step instructions and guidance. 

4. LLC vs. Sole Proprietorship: What’s the Difference?

This straightforward article not only explains what an LLC and what a Sole Proprietorship are, but it also demystifies the distinction between the two. Understanding these differences is crucial, especially when considering the legal requirements for starting a business. Learn how to protect your growing business with information on start-up business insurance and the importance of being licensed and insured.

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Change is Hard — We’re Here to Help!

Remember, change is a process, and we’re here to help you stay motivated and learn and adapt. These articles and tools are just a small sampling of what we have available for you in our Resource Center. It’s part of our commitment to help small business owners succeed. And when it’s time to think about insurance, we’re pros at that, too.


References:

  1. Learn more at verywellmind.com/how-to-keep-your-new-years-resolutions-2795719

Courtney Hayes

Born and raised in the fishing port of Gloucester, MA, I grew up listening to the sea stories of local fishermen. My first job was “chum girl” on my dad’s tuna boat, where I spent my formative years covered in fish guts. Since then, I’ve worked as a researcher, blogger, and writer for documentary films. When not at work, you can find me surfing the cold waters of the North Atlantic or searching for warmer waves around the world.

Courtney writes on a number of topics such as risk assessment, starting a small business, and financial resources.