It’s been two years. Seriously, two fricken years! I don’t even know how I remembered I had this beautiful little blog. But, here I am, back in the game with a few life changes. To be honest, I couldn’t be more excited! I lost sight of my own rule which is making sure you have a good work/life balance. Instead, I let something I love (which is writing) slip through my fingers. So, cheers to starting over (kind of) and freshening this baby back up!
The cycle goes something like this: A little girl starts giving people orders so she’s called bossy. She gets older and keeps giving people orders so she’s called a bitch. Then she gets even older and actually becomes the boss and she’s called a bossy bitch.
It’s because of scenarios like this that Sheryl Sandberg, Beyonce, the Girl Scouts, and a slew of other high profile women have taken it upon themselves to try and ban the word “bossy.” They feel the word puts young girls down and stifles their ability to become leaders. More specifically, on the Ban Bossy website it says, “When a little boy asserts himself, he’s called a ‘leader.’ Yet when a little girl does the same, she risks being branded ‘bossy.’ Words like bossy send a message: don’t raise your hand or speak up.”
Now, they do have a point to some extent. I’m sure some young women keep quiet for fear of having any type of negative label placed upon them. Boys probably do the same thing from time to time. However, based on my concepts of leadership, the #banbossy campaign is missing two big points.
1. Bossy and leader are not synonyms. I’ll even prove it thanks to the help of definitions.
Bossy: fond of giving people orders; domineering.
Leader: a person who guides or directs a group.
So, that means that you can be bossy without being a leader. You can also be a leader without being bossy. Or, you might be a bossy leader which is totally acceptable too!
It’s quite possible, then, that the little girl who is ordering everyone around really is bossy, so why not use that word? By banning this term we’re making assumptions that every little girl or boy is showing leadership qualities. While that would be amazing, that’s most likely not the case. Instead of banning the word, we need to teach people how to appropriately use it. It’s called educating the masses!
2. Men encounter similar issues, but are called other derogatory terms that apparently are ok to use. Your male boss is most likely an asshole or a douchebag while your female boss is a bitch. The word leader is rarely used to describe either gender (unless they are actually showing leadership qualities). Even the term assertive often has a negative connotation applied to it. Again, this leads back to the idea that none of these words are synonyms. Still, if you’re a leader you’re a leader (young or old, male or female) and if you’re bossy, you’re bossy!
What We Need to Do Instead
Teach youth the difference between being a leader, being bossy, and just being plain old assertive. It’s all well and good that you want to use a hashtag to #banbossy, but instead why don’t we make our view a little more positive? We need to focus less on banning words like bossy and instead teach our youth how to be true leaders. Let’s #teachleadership or #empoweryoungwomen or #teachchildrenandadultshowtousewordsappropriately (sorry, I couldn’t resist). But what I mean by all of this is instead of highlighting the negative we should be trying to prevent young women and men from feeling disempowered in general. We need to create better leadership programs and utilize positive role models to instill in the next generation that it’s okay to stand up for your beliefs, be assertive, and lead.
Educate the population on how to correctly use these words to limit their negative usage. At the same time, let’s start a campaign that teaches everyone the real definitions of these words and how to appropriately use them. There’s nothing wrong with a little brushing up on your English here people! Maybe we could start our own hashtag revolution. #DefineYourself or #DefinitionArmy. No matter what the plan, we need to start highlighting the differences between the words we use to create a brighter population that can better embrace language and their own personality traits instead of being defined by what adults inappropriately call them.
Now, it’s your turn! What’s your take on the Ban Bossy campaign? Should we stop using the word altogether or redirect the campaign’s focus?
Today I had the very awkward task of resigning from my job. I’ve never had to actually resign before and I wasn’t so sure how to do it. Thank goodness for Google and supervisor friends who came to the rescue! While I came across one resignation letter that was awesome, but totally inappropriate for most people to write, it was great to know I wasn’t in this shaky boat alone!
Despite the fact that it’s just an incredibly weird situation no matter who you are, proper resignations are a necessity. Even if you absolutely hate your job and you can’t run away fast enough, dismiss the urge to be rude. Instead, here’s how you can say goodbye to your current employer in a graceful manner.
Write a formal resignation letter. Even if you’re leaving a small company, it’s always best to have a tangible letter that outlines the position you’re leaving and your last working day. Having hard copies of this can save you headaches later, plus it acts as a little bit of a barrier during this awkward situation.
Keep it simple. You don’t need to tell your current employer why you’re leaving. Instead, keep it short and positive. Resignation letters only need to be a few sentences and should thank the company for everything they have taught you during your tenure there. Here are some sample letters. Pick one and just input the appropriate information to help keep things easy peasy!
Try not to rub it into your coworkers that you’re leaving. Your coworkers may not be as happy as you are that you’re leaving. Try not to rub it in their faces that you’re off to the world’s best job!
Don’t burn bridges. Even though you may want to tell your boss they did a crappy job at teaching you anything, don’t. Instead, pick one or two skills you’ve learned and focus on those. This will help keep you in their good graces in case you ever need a reference from them later!
Don’t stop working. It’s going to be very tempting to just wash your hands of everything since you’re leaving anyway, but that’s a bad idea. Be a good employee and offer to help transition any projects you might have to new people. This is one of those times when you hope someone would do the same for you, so don’t be a big jerk. Help out (if you can) until your last day.
Don’t take it personally if your boss seems a bit upset. Most times this will blow over relatively quickly, but some bosses don’t take rejection very well. They might ask you to leave immediately or give you a bit of the cold shoulder. If this happens, remember to stay professional. You will soon be moving onto a bigger and better opportunity so graciously say thank you for everything and let it go.
Now, it’s your turn! Have you ever resigned? Tell us the good and the bad!
I’m very happy to say that as of yesterday I accepted a position at a different company. (Yay!!) I had actually applied for the job back in October, but fate had it that the interview came knocking at the perfect time four months later. Right when I thought all was lost and my current company as becoming more toxic than ever, I received the e-mail asking if I was still interested in the job.
I very happily replied yes and waited for my confirmation e-mail to see what time my interview would be. When I opened it up it said “Here is your itinerary.” YOUR ITINERARY! What was I doing? Going on a trip?!
I scrolled down and was immediately overwhelmed to see that between the hours of 9-12:30 I would have seven interviews with nine different people. I mean, one interview with one person, or even one panel interview, is hard enough. How on earth do you even prepare for that many interviews? Clearly I was stressed. I like to be prepared for everything and I just didn’t know how to this time. My Type A personality quickly was getting the best of me!
Now, I’m lucky because my brother-in-law has actually gone through many interviews like this. I e-mailed him begging for tips. Here’s what he told me (with my additional comments underneath his).
There is no preparation. It’s like an exam. Either you know your stuff or you don’t. Zen out and accept that you may not be able to answer everything and that no amount of last minute cramming of “new material” will help. The more you worry about the material the bigger of a problem you are creating for yourself because you’ll just be more anxious.
He hit the nail on the head with this one. I reviewed my projects so that I could explain them without a hitch, but I avoided trying to come up with ways to explain portions of the job description that I wasn’t as familiar with (besides just a little reviewing to make sure I understood what was being asked of me). Some were asked about and some weren’t. The ones that we did discuss, I was able to rock! Overall, I was less stressed because I knew what I knew and I let go what I didn’t.
Have faith in what you do know. Whatever it is that you do know, you need to be able to communicate it effectively. You need to communicate your knowledge, your skills, and your character effectively.
Confidence is key. It’s going to be a long day and you need to show every interviewer that you’re knowledgable, interesting, and consistent in your answers!
Say “I don’t know” if you don’t know. I interview a lot of people and one of my pet peeves is when I give a tough question and the interviewee won’t just say “I don’t know”. Sometimes, the questions are designed to be hard so if you don’t know, don’t dance around it and be frank so you don’t waste anyone’s time. If you really think it’s an interesting question, you can say “Hmm, I don’t know, but I’ve never thought about it like that…” or “I don’t have a background in that topic, but it’s interesting, how would you approach it?” or “Oh, that’s an interesting question; I’ve honestly never thought about that before”.
There was one portion of my interview where I really didn’t know what the guy was talking about and I asked him if he could show me an example. When he did, I was very truthful and said I had never done anything like that, but thought it was a great idea to make sure everyone was on the same page (it had to do with writing up spec sheets. Yeah, I know, over my head too at first). However, I think he appreciated the fact that I was being honest. A the end, I just reiterated that while I had never done that specific thing I would be more than eager to learn how and do it to the best of my abilities.
Make it conversational. The more you treat it like a grilling, the more it will feel like you’re over a fire. I treat every interview like a conversation and treat every question like a conversational discussion. The interviewer is a conversation partner and not a superior or an interviewer. This also leaves a lasting impression on them because they feel like you are someone they can easily talk to.
While I was nervous at first about doing this because I knew I was meeting with the director and assistant director of the department, it actually was quite easy. Conversation just flowed and we were able to laugh and joke while still answering all the questions. This is important during an already overwhelming day because it helps you feel more welcomed by your hopefully future colleagues.
Dress sharp, watch your posture, and give a strong first impression. Harvard studies have shown that posture has a strong influence not only on how others perceive your but also how you perform. Stand up straight. Sit straight. Shoulders back. Project confidence but also look relaxed. Use hand gestures to help communicate. Make eye contact. Using full body communication is important but remember not to fidget. Basic stuff.
Yes, do all of that!
Remember names and call people by names. When you meet someone and greet them, they will present themselves and always call them by their name immediately. Interviewer: “Hi, I’m James”; you: “Hi, James, I’m Lindsay, pleased to meet you”. It’s subliminal, but people like to hear their names and it helps you make an impression in your brain so you know who he was. At the end, repeat the interviewer’s name: “James, I really appreciate your time”.
This was a great tip! I made sure to do this every time and you could see the appreciation on people’s faces. Before the interview, I also had written down everyone I was going to be meeting with and at what time so I already knew their names in advance. One meeting ended up being changed, but that meant I only had to learn one new name instead of nine.
Don’t forget to drink water. When you talk a lot, your mouth and throat will get dry and if you don’t hydrate, it will impact your ability to speak. Hit the restroom when you get a chance, even if you don’t “need’ to go because if you get the urge during a discussion, it will distract you.
I was asked multiple times throughout the process if I needed water or the restroom. Take the option at least once. It’ll give you time to put yourself back together and make it through the rest of the day.
Create mental checkpoints. One thing that happens with me is that because I treat an interview as a conversation, it is easy to lose the original question or topic in a long discussion. So, you have to make a mental checkpoint and be able to bring the discussion back to the original topic to answer the question.
Don’t let yourself ramble on too much even if you think it’s interesting. The key to getting through long days is to focus and keep your eye on the prize. More in-depth questions should take about 1-2 minutes to answer. If they want clarification, they’ll ask for it.
Have copies of your resume. Also consider making yourself some business cards with your blog, Twitter, LinkedIn, etc. on it (whatever is professionally appropriate).
Don’t assume that everyone you interview with will have copies of your resume. While all my interviewers did, I brought extras just in case. I also brought a portfolio of my most important work so that I could provide them with tangible proof of the projects I’ve done. I think this really helped me put my best foot forward.
And here are some extra tips from me!
If you’re told your going to have a half or full day interview, but you don’t receive any other information, ask for the schedule. I was lucky that they immediately sent me the schedule so I was well aware of the names, titles, and times I would be meeting with people. If they don’t send you this information, though, it’s perfectly okay to ask for it. This will allow you to better prep for your long day.
Use LinkedIn to your advantage. Once you know people’s names, look them up on LinkedIn. It’ll give you a better idea of who these people are and their actual job duties. Plus, you might find something cool that you have in common that you can bring up in passing conversation.
Be “on” the whole time. What I mean is don’t let your guard drop. You need to treat every interview as though it’s just as important as the first. Even though I know it’s super tiring (trust me, I couldn’t wait to be finished), you need to impress everyone. That’s because in the end they’ll all have a say in whether or not you get the job. So, if one or two people thought you were absolutely horrible because all of a sudden you got tired and sloppy in the interview process, that could really impact your chances of getting the job. Stay focused and keep your eye on the prize. Afterwards you can go home and put your sweats on and lounge while you obsessively think about what you should have said differently.
Now, it’s your turn! What other tips do you have to make it through a grueling full day interview?
A few weeks ago I had the pleasure of interviewing Morgan Oliver, the awesome entrepreneur and CEO of Period For Good. Since her company seemed so interesting (and very beneficial to a lovely woman like myself) I thought I’d try it out. Thanks so much to Period For Good for the one month free trial! Here’s how it all went down.
As I was sitting home on the couch my husband came home and threw a box on the chair next to me. “Good thing someone in this house checks the mail because you got a package,” he said. In my defense, our mailbox is at the end of an extremely long driveway and it was cold so I figured I’d let him get the mail. Either way, I was jumping for joy when I realized it was my Period For Good box of goodies!
I had literally just written down that I needed to buy tampons the next day (which is pretty much always an awful chore). What a pleasant surprise to see that everything I needed for my upcoming time of the month was right at my doorstep. It was seriously convenient and I can appreciate not having to go through the embarrassment of buying tampons. I know we all get periods, but it’s always a little uncomfortable, especially if you happen to get a male cashier. Self checkout anyone?
So what’s included in your pretty little box?
- Tampons: I ordered my favorite brand which is Tampax Sport. I got a mix of Supers and Regular which is perfect for me. I had more than enough to cover my weekly visit.
- Chocolate: The chocolate brand changes every month. This month it was Witor’s Italian Praline chocolate. My gosh, it was delicious! (And yes, I told my husband it was off limits!)
- Cramp tabs: I’m lucky that I don’t have to actually use these bad boys, but I know many a girl who does so they’re an absolute necessity.
- Two adorable bags: One was a larger bag for you to keep your monthly products in at home. It was a great yellow chevron (I’m currently obsessed with chevron so it was very fitting). The other was a smaller pink chevron pouch so you can discreetly hide everything in your purse. Both were from a smaller company on Etsy which I love. I feel these two products really add to the greatness of this service because it goes beyond “here’s your tampons” and brings it to “here’s your tampons and something to remind you that you’re classy and fashionable, even in your ugly, oversized sweatpants.”
- A fabulous letter that gives you details about what’s in your box.
- Tea: This isn’t always added in, but it was great on a cold night!
The Even Better
Not only does Period for Good provide you with an easy service that takes at least one of the awful steps out of having your period, they do something great on top of that. With every order they donate money to a charity of your choosing. What could be nicer than being curled up in the fetal position, chomping on chocolate and cramp tabs knowing your week of sorrow is helping out a wonderful organization? At least someone should benefit from it all, right?
How Much Is This Going to Set Me Back?
Monthly prescription packages start at $19. This price includes tampons (or pads if you’d prefer them), all the things mentioned above, and shipping and handling. If you want (or need) more products you can also add onto your standard package for a little bit more. While you may be saying “hey, that’s more than I usually spend on tampons” you need to remember that you’re paying for convenience AND 25% of the profits each month go to the charity that you choose during sign-up! That alone is a huge win for joining and getting your good karma for the month!
Is It Worth It?
Absolutely! This subscription service made me feel a little bit happier about a not so wonderful time of the month. I felt some serious girl power coming from it and a reminder that even though getting your period sucks, we’re all in it together (unless you’re pregnant, but don’t worry. In 9 months you’ll be back on track with us).
It was easy to order, gave a variety of options for tampons, was definitely convenient, and gave me enough chocolate to make me feel better, but not guilty (always a positive). If you’re super busy and always forget to buy tampons (ahem, me) it’s a foolproof way to make sure you’re not caught in a bind without anything in the house. Plus, that adorable bag that it came with is now proudly sitting in my cupboard as my pretty little tampon holder (and makes it look much more attractive if people ever decide to snoop through my medicine cabinet). Keep in mind that you might have to gauge how many tampons you need in your subscription (some girls just need more than others), but that’s not really a hard task if you just keep an eye out for at least one month of what you use.
So, if you’re looking for a way to make your period a little bit nicer while also doing something for charity, this is definitely the way to go. I mean, for all the
bitchy unpleasant attitudes we give others during that time of the month it’s good karma to pay it forward while also treating yourself to the ease of home delivery. One woman’s misery is another woman’s joy!
Check it out at www.periodforgood.com!
This past week I had the opportunity of chatting with Morgan Oliver, the CEO and entrepreneur behind the brand new company Period for Good! She was kind enough to give a bit of insight into the process of starting your own business in order to help the rest of you out there understand the ups, downs, and in-betweens of becoming your own boss. So, please keep your arms and legs inside the vehicle at all times as we take a journey through the eyes of a young entrepreneur!
What is Period for Good?
Periodforgood.com is a monthly tampon delivery service that donates 25% of its profits to charities. Each month we deliver a package filled with tampons of the subscriber’s choice and goodies such as chocolate, a surprise gift, tea, and cramp tabs. Along with the package comes a personalized note detailing why we choose our specific products of the month as well as what a subscriber’s donation accomplished for the charity of their choosing. Subscribers can select to donate to any one of six carefully selected charities including: Tripp Halstead, Relay for Life, Best Friends Animal Society, DonorsChoose.org, Sunshine on a Ranney Day, and Ride to Give. We also made the decision to include a 7th option, “You Pick for Me,” for those subscribers looking to touch different lives each month.
How’d you come up with such an awesome idea?
My senior year at Duke I took a course called Creative Entrepreneurship. The professor required us to keep a creative journal of all the things in the world that could be improved. Most people get frustrated with the way things are or the way some things work, but they never stop to think how they could make it better. This is what the journal encouraged us to do; it trained our brains to see problems and their potential solutions.
The creative journal revolutionized how I looked at the world and that outlook always stayed, nagging, in the back of my mind. So, when I graduated college, I decided that I owed it to myself to take a break, to try this newfound thing people called “relaxation”. I decided to go on a cross-country road trip with my best friend. However, relaxing does not come naturally to a recent graduate, and I found myself constantly going back to the mental creative journal I had created for myself.
We hit Little Rock, Arkansas and I felt like I could not possibly endure another car ride across flat fields. Honestly, it was so boring some days driving that the most exciting thing we saw all day was a colt running. So, I started thinking about what I wanted to do next. In my creative journal, two ideas always stood out to me: fixing the misery of a period and running a cost-effective craft brewery. I thought back to my experience living on campus, where having a period seemed like a constant uphill battle of embarrassing walks in the grocery store filled with familiar faces, running late to a meeting because you forgot that your body needed more than caffeine and late night snacks, and laying in the fetal position as you failed to make it to your Psych class. I knew a lot about how horrible a period could be, yet I knew little about how to run a brewery. I guess you know which problem I decided to tackle first.
By the time I got to Omaha, Nebraska, my period called upon me like that old friend from high school who always drops in at the wrong time. I was in a foreign city with no tampons and no Midol. Rushing around Omaha at 10 pm the night we arrived, I made up my mind that I was going to do something about this for me and for all women alike. One thing led to another and I decided I was going to start Period For Good to help women like me who need a little pick-me-up every now and then when my Crimson Tide comes a-callin’. Inspired by how wonderful and good I found people to be on my road trip, I decided to incorporate the element of doing good for others while feeling good for yourself.
So, when I arrived in Denver, Colorado, I found a brewery and filed for an LLC.
What’s your background in?
I graduated from Duke in 2013 with a Sociology degree, a Psychology minor, and a Markets and Management Certificate. I also worked with the Duke Women’s Basketball Team for three years as a Manager and one year as Student Director of Operations for the team.
Do you have any competitors?
I do have competitors. As I prepared the business to launch, I researched the competitors to find out what others in the market were doing. I subscribed to about four companies to see what they were doing and I found that there really was a void I could fill. Some companies were late, which seemed counterintuitive when sending supplies needed on exact dates. Others were impersonal or underwhelming. All in all, I felt that none of the packages made me really feel better about getting my period. My whole mission with Period For Good is to make my subscribers feel better about getting their periods. I can’t make periods go away, but I can at least try to create a community of women looking to better ourselves as we help better one another. I want to make each subscriber feel like Period For Good is there for them every month looking for ways to make their hectic week with their period just that much better.
What makes your business unique?
I think the biggest thing is that Period For Good really just wants to help people. Everything we do has a purpose, a backstory, a meaning. We want to create connections that bring people together. We hope to bring Tripp’s story to some folks up North or to help another female entrepreneur reach a market she was previously unable to. One of our biggest goals is to make our consumer’s giving extremely personal and unique, so everyone can know exactly where their money is going and how it is being spent. I imagine the business will become a space where we not only give monetarily, but go out and give our time painting, building, educating whatever it is our army of subscribers’ are passionate about that month. We are different because of how personal and customizable a consumer’s relationship can be to Period For Good and to the good she supports each month.
What about your team? Are you working with others or is this a one-woman show?
It’s both a team and a one-woman show. My team consists of my incredibly supportive family. Bart, my brother, helps me a lot with technical logistics and brainstorming. My sister Taylor is a vivacious go-getter that has committed herself to helping me market Period For Good. I rely on her opinions on colors and designs because she has a more stylistic eye than I do. They both help out with the aesthetics of the business, but my mother, Jamie, and I run most of the business. My mother is the warehouse manager and I handle inventory, e-mails, packing, shipping, and just about anything else it takes to run an online subscription business. As the business grows, my ultimate goal is to have a local facility that hires handicap workers to be my fulfillment center. Again, we will be creating jobs and helping others with each subscription.
Tell us about your successes and challenges. What’s gone great so far and what bumps in the road have you hit?
Right now, I’d say I am most proud of finishing the website, which proved to be a real feat, and launching the business. If there is one thing I learned in college, it would be that getting started is half the battle, the rest just kind of comes to you. I have found that the same thing applies in business. You can have ideas all day long, but if you don’t start putting in the hours then they are just ideas.
Finishing up the website is such a big success because everything leading up to its completion felt extremely difficult. I could have never imagined how hard it would be to find someone to build a website on a small business budget. When I first started talking to web developers, it seemed like the most difficult thing in the world to do. I read blog after blog, trying to find a way just to be able to communicate with web developers about what I was looking for them to do. I found myself making phone call after phone call to different web developers looking for someone who I did not feel would just take my money and run. After about 100 different phone calls and Skype dates with various people and organizations, I found a web developer in California who appeared fit for the task. Little did I know that, as he took on the task of building the website, I took on the task of being his “on task” manager. Phone calls with him would last hours and it felt like things were accomplished at a glacial speed. He promised the website would be built in about 42 days, but about 95 days and 200 e-mails later, the website became live.
Where are you looking to go in the future?
Of course, I am excited about all of the potential this business has to help others. We made our first donation and it was an amazing feeling. I hope to grow this so that we become recognizable in the good we are accomplishing. Also someday, I hope to attend business school. After starting this business on my own, I would love the opportunity to expand my knowledge of the business world and further my understanding of how a successful business operates. This potentially could lead to opening a brewery…
What tips can you give to other young entrepreneurs?
Even if your idea seems like a stretch or you get laughed at for it, give it a shot. Whether you are successful or not, you will still learn a whole hell of a lot along the way. If you think you can’t start a business because it costs too much or you won’t make enough money, take a leap. It does not all have to be about the money. I started Period For Good with the money I saved in college and I feel like I can really make a difference, even if it is just in the life of one other woman. Also, try to create a support system of people who believe in you to help you when things get rough. I do not think I would have been able to weather the storm that was my web designer without the love and encouragement I received from those around me.
Lastly, don’t forget to breathe. Sometimes it can feel so overwhelming that we forget to step back and just pat ourselves on the back for what we have presently accomplished. Appreciate the little victories because those can be what keeps you going. People say that lack of fortitude is what keeps people from succeeding. Many times I would lay my head down at night ready to quit, only to get a small victory the next day that kept/keeps me going forward. Hang tough is my best advice.
Let me tell you, being a woman who dreads getting her period, nothing sounds better than being greeted with chocolate and my favorite tampons. My husband was even on the site asking me what brand I used. When I told him he gleefully said, “Oh, they have your type! Want me to order?” I think someone is hinting that either a. I’m cranky on my period and he wants me to have more Midol or b. He wants some extra chocolate. Either way, I’m really looking forward to catching up with Morgan in the future to see how it’s all going and to continue to help you all learn about the awesome process of being your own boss! It just goes to show that nothing is easy, but it’s still totally worth it in the end.
Now, it’s your turn! What did you think was the most helpful advice?
Got a business of your own you’d like featured so you can help other entrepreneurs? E-mail me at email@example.com
Being an overzealous millennial, I find entrepreneurship extremely important. We’re a generation that thrives on doing things our own way on our own time. That’s why we’re the perfect people to head out into the world and take the risk of starting our own businesses.
There are many entrepreneurs out there dying to get their ideas up and running. I actually know a few and I commend them on the undertaking of starting your own business because it’s a long and hard process. It’s also extremely rewarding.
So, in honor of all you looking for a way to get out of the hum drum 9-5 entry level job your in I offer you the Be Your Own Boss series! I’ll be highlighting a little bit of everything including some personal interviews from entrepreneurs who have been through the process you’re worried about jumping into. And our first topic, which is probably one of the most important, is funding.
One of the hardest and most stressful things about starting your own business is figuring out where you’re going to get your start-up capital from. It’s expensive to venture out on your own and you need a good sturdy plan of where you’re going to get your initial funding. Here’s a brief list of funding options that will help point you in the direction you need to get your business rolling.
Small Business Loans. To get your business started you might head over to your local bank and apply for a small business loan. In order to qualify for one you’ll have to show that you have decent credit and a solid business plan. It’s a good option for many who are trying to get out of the gate but don’t know how to approach other funding options like those listed below. However, it will always come with a hefty amount of interest that you’ll have to repay.
Grants. This type of funding is great, but also takes a lot of hard work to get. You often have to provide a lengthy application and you’re pitted against other people who are also trying to start up something new. However, this is a great option, especially for non-profits. There are also a plethora of grants especially for women and minorities who are looking to start something new so get online and start researching! Head on over here to start searching for grants today.
Angel Investors. Angel investors are wealthy individuals looking to help out someone else. They need to have a net worth of at last $1 million and be accredited by the SEC. They will give you money in exchange for equity in your business. Beware though. While this seems too good to be true you better have a really great business plan in the works to woo them! They won’t just hand you money for nothing!
Crowdfunding. Websites like Kickstarter and Indiegogo provide a great platform to raise start-up funds and get your idea out into the public. This option is great because while you raise the money you need, you’re also building a client base. This can give you a little extra motivation considering others are already amped for whatever business/product you’re starting. Be aware though, not all business concepts/products will fit their regulations so you may have to check in on that before you get your campaign up and running.
Now, it’s your turn! What other types of ideas would you like to see about starting your own business?