Erika Napoletano is
Redhead Writing

19 Things I Wish I Knew When I Started My Business

small business advice

I just liked the picture of the blue fish...






Nineteen is a pretty random number, but what better compliment to a numbered list than such? A week or so ago, I got my smack on when I talked about theory versus teaching. One of my readers left a comment that in turn sparked today’s post – an expansion on the idea that we are all in business to make money (otherwise, it’s a hobby). From the inception of RedheadWriting and my first amateur-hour website to where I am today, there’s a rap sheet filled with “shit I wish I knew.” So today, there’s less intro and more meat because I’m short on sleep (after a client’s raging success) and I need to get to the work that puts food in the dog dishes and funds bicycles that hang from hooks on my wall. Priorities, y’know? Maybe you’ll find something in here that’s of value to you, and I fully expect that y’all will share your own tips. After all, I get my best ideas from you.

  1. Trade is crap. It’s a very fine line and there’s little margin for error. Someone always ends up getting the short end of the stick. If you’re looking for ways to build a portfolio, I think it’s better to quietly do work for pennies on the dollar and later raise your rates than give it away for something that’s unequal in value.
  2. You’re not a freelancer. You own a business. Start treating what you do like a business from day 1 because sooner or later, you’re going to wish you had.
  3. Pick a ditch to die in. Take a stand. Believe in something. Being wishy washy gets you nowhere. Grow a pair. When you stop caring about the people who will never like you, the coolest thing happens: you find the people who actually do.
  4. Your target customer is not “everyone.” I watched roughly twenty six-minute pitches from startups on the DEMO Conference live feed this week, and not one startup stood up on stage and said that “everyone” was their target customer. Take a hint.
  5. There will always be naysayers. If everyone agrees with you, you’re doing it wrong. But then again, if everyone disagrees with you, you just might be doing it wrong, too.
  6. Bank accounts are not piggy banks. Make your business revenue hard to access. You’ll piss away a lot less and have a lot more to invest in your business. (Tacos are not investments unless your awesome customer likes tacos for lunch.)
  7. Stop doing it on the cheap. There’s a way to get anything you need at a variety of prices. Stop shopping on the clearance rack. Understand that there’s a difference between a great value and cheap. One’s worth having, one’s not.
  8. You need a team. Every successful entrepreneur has a carefully selected team surrounding them. I wish I stopped thinking I could do everything myself a looooooooooong time ago. Don’t believe me? There’s never been a single person to win an award who hasn’t thanked someone. Chew on that. Start thinking of who you’ll thank when that day comes.
  9. Some people just don’t give a shit. From contractors to clients, vendors to the asshole meter maid who just ticketed your car…people will screw you, If you assume everyone is in business to do good business, you’re wrong. Start your business on planet Earth with real-world expectations and get off Space Mountain.
  10. Karma’s a bitch. No matter where you live, the business community is small. Think you can hide from someone you hosed? Think again. What comes around goes around, and it’s glaringly obvious in the professional world. Keep that in mind the next time you think people won’t notice.
  11. A business plan is a living entity. It’s not something you throw down on a Word doc and file away in a folder called “Company Docs.” You need to feed it. Ask it for feedback. In order to have your business grow, you need to be in a constant state of “what can we do today and what do we need to do to make those things happen?” The only place static belongs on your AM radio dial.
  12. Listen more than you speak. (I have nothing to say on this except that I’m still working on this.)
  13. Failure is always an option. And if you learn to fail faster, you can actually get on to the stuff that works toot-suite. Some things just really need to die.
  14. The most important people in your business are other people. They’re not your developers or bookkeeper. Sure as hell isn’t your CEO or biz dev dude. It’s The Others (in a non-LOST sense). Your advocates, customers…everyone you meet in the grocery store checkout line or those you play softball with on Thursdays. Your kids, your spouse, your friends. Don’t ever forget that, because they’re the reason you’re so damn lucky.
  15. YOU are your first customer each day. If you ignore your blog, your workout, your bike ride, your mother…you’re letting your business run you and not the other way around. Pay yourself first. You’ll get to everyone else soon enough.
  16. Skip the buzzwords. You’re a smart human being and don’t need them. Speak English (or your language of choice).
  17. You don’t want every piece of business that walks through your door. Standards are important. And yeah, sometimes we take business because our business is young and food needs to show up on the dinner table. But stick to your standards. For me, the best clients are those who understand who they are and who they want to reach. The worst ones expect me to be a savior of sorts. I can build strategies, but I can’t perform miracles.
  18. Scope creep sucks. It’s got two sides: clients who keep adding on to projects and when you keep saying yes to things. There is nothing wrong with saying no or that what a customer wants will cost additional money. You run a business, not a free clinic.
  19. Don’t be Joe’s Mortuary and Fine Sausage Emporium. You don’t do everything. You’re not good at everything. Pick your business ditch to die in when it comes to your services. No one wants to buy sausage from a mortuary. I don’t want to buy a 36-floor commercial office building from my hairdresser. Say what you do, be clear about it, and align yourself with those who can bring value to your clients without you having to do it all.

And now, it’s your turn…and I can’t wait to hear what you have to say.

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  • http://www.redheadwriting.com The Redhead

    Can I get a witness?!?

  • http://www.redheadwriting.com The Redhead

    It’s been ages since I had a good noogie…

  • http://www.redheadwriting.com The Redhead

    Why, thank you.

  • http://www.redheadwriting.com The Redhead

    Me? You love ME? Awwwwwww…*blushing*

  • http://www.redheadwriting.com The Redhead

    I think so, too. I kept that one after a bad breakup. It was the ex-boyfriend’s. It’s in my Grudge Drawer.

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  • http://twitter.com/JohnLusher JohnLusher

    I rarely refer to a post or an article as phenomenal, but it is appropriate with this one! From growing a pair to pay yourself first, this post has enough nuggets of wisdom that you could apply one each day and see a dramatic difference in your business! Great post Erika!!

  • Anonymous

    Great insight! And dead on! And as the quote on the inside of my milk chocolate Dove wrapper said yesterday “Trust your instincts”

  • http://www.redheadwriting.com The Redhead

    Thank you, John. And thank you for sharing with your audience as well.

  • http://www.redheadwriting.com The Redhead

    Wisdom is chocolate-flavored? Excellent :)

  • Barb

    been self-employed since 1993. your list is brilliant. i try to live up to most of these each day but plan on printing and posting to my wall just as a reminder. thanks!

  • http://www.thementorguy.com Mitch Tublin

    Erika,
    You are spot on and I see so much of each of these with my clients from scope creep to pick a ditch. You hit home in every category. Great post!
    Mitch

  • http://www.redheadwriting.com The Redhead

    Thanks, Mitch…glad you enjoyed the piece!

  • Brenda Garcia

    A good reminder of “why did I get into business? Oh, yeah, that’s right…”. Glad to see that others have the same struggles I do. Your blunt assertiveness is refreshing and, being a naturally assertive (ok, sometimes bitchy) person, it reminds me that I’m often not assertive when I really should be!

  • http://heathero.com HeatherO

    Amen Sister! Great list, and I would only add “Be You and do something you love to do”. Being someone else just to please others is exhausting and futile. Doing a job you hate won’t serve you or others very well for very long.

  • http://www.AssistantAngel.com Angel

    Love it x 19 #priceless

  • Patty

    I love your blog posts Erica, first because they ALWAYS make me laugh… then they ALWAYS smack me up beside the head and make me think… and lastly because they ALWAYS make me apply something I read to either make a change even if the change is to my mindset but still a change and somehow that change always is a help to my business or to me personally but ALWAYS something I needed to hear. Thank you, I appreciate you daying what I need to hear in a way I needed to hear it. You rock Erica!
    Patty Farmer
    “The Networking CEO”
    Dallas, TX

  • http://stevecurtin.com Steve Curtin

    Erika, thank for the animated post. It’s obvious that you’ve learned from experience… This is a good list. I would add that you should either evolve into business for yourself (i.e., nights and weekends) while keeping your 9-5 job to pay the bills, saving 3x as much as you think you’ll need (most start-ups are woefully underfunded), or securing a decent line of credit BEFORE you take the plunge (while you can still demonstrate the stability of a 9-5er). Thanks for the reality check – with the usual snark… ; )

  • http://www.redheadwriting.com The Redhead

    Thanks, Steve – always great to see you stop by and thanks for the additions to the list!

  • http://www.thalasso-line.com Isa @ vacances thalasso

    Your way of saying tout de suite is really cute.

  • http://www.youintegrate.com Kneale Mann

    Thanks for the kick in the ass, I mean, butt, I mean, backside.

  • http://www.redheadwriting.com The Redhead

    Butt…er…but of course, Kneale – anytime ;)

  • http://inside919.com/profile/phoenixrector Pheonix

    Perfect for my week – working on market segments I serve & the criteria that comes with each.

  • http://www.redheadwriting.com The Redhead

    Welcome to the blog! I’m glad you found it useful as you work through your target market segments. Look forward to seeing you again soon…

  • http://www.redheadwriting.com The Redhead

    I think your gut plays a big role in this particular scenario. There’s nothing wrong with determination, but if you’re putting all of your energy into something that’s..well, not going to work, it’s best to call it quits and refocus on something that has a stronger foothold. I wish there were a magic equation or steadfast rule for when to throw the towel in, but I don’t think there is! I’m glad you asked the question, however. Thanks for un-lurking :)

  • Jennifer

    I agree!!! I love trade. Of course, sometimes people don’t deliver, but sometimes paying clients aren’t worth the money.

  • http://twitter.com/krisvockler Kris Vockler

    Holy crap, you speaketh the truth.

  • http://twitter.com/krisvockler Kris Vockler

    Holy Crap, you speaketh the truth. I must read more. :)

  • http://www.redheadwriting.com The Redhead

    Read on, sister :)

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  • http://twitter.com/lightdarkshade Cathie Tufnail

    I too like the picture of the blue fish! And the article was entertaining and useful. Bonus :-)

  • http://www.redheadwriting.com The Redhead

    One fish, two fish. Red fish, blue fish :)

  • Alt0182

    “Pick a Ditch…” just works in so many ways. Add a row-boat ore to the back of the head and it’s a real motivator. It can also serve as a not so gentle warning to those around you. What? Like you don’t keep the trunk of your car lined with plastic?

  • http://doubleyoursuccess.com Dee Kumar

    My favourite which is partly apadted by an Einstein quote:

    Business is 99% perspiration – so get out there and create your own luck…

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  • http://www.margieclayman.com Marjorie Clayman

    Hi Erika,

    This post is, as it happens, somewhat similar to a post I wrote not long ago about Social Media needing to grow up. Our sentiments are the same – just 2 sides of one coin.

    What I really like about your post, though, is that you expand beyond what you should have known about Social Media and talk about the real world, personal life of someone who owns a business. Anyone, whether they work hard or own a business, needs to make sure that they are taking care of themselves. It’s like that old warning you get on a plane. When the oxygen masks come down, get yours on first, then help the kids. If you aren’t breathing, you won’t be able to do anything else.

    Excellent advice all the way around here. I hope people listen to you!

  • http://twitter.com/MissKemya Kemya Scott

    Yeah Erika! I just shook my head “yes” at every single one! I fought my instinct and took a client because my biz is young, knowing he was going to be a handful (#17). Now he has a serious case of #18 and he stayed true to being a #9.

    I needed that kick in the butt, thank you! I’m printing this article and taping it to my desk right now as a reminder. And kudos to you, so glad to see your column in (my fave) Entrepreneur Mag :-)  

  • http://twitter.com/bookieboo Leah Segedie

    You rock! #thatisall

  • http://www.thecentsiblelife.com/ Kelly Whalen

    Adore this list. I might just print it out and have it tattooed on my forearm. I especially need the reminder to put myself first. Making plans to head to the gym tomorrow-it’s vital for my sanity and I’ve been ignoring it.

  • http://www.redheadwriting.com The Redhead

    Glad you liked it, Kelly…for me, the list just keeps on growing!

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  • http://asocialmediaenthusiast.wordpress.com Sherree W.

    Words to live by for a new biz owner like myself. I’m printing this out and hanging it on the wall.  Awesome.

  • http://www.redheadwriting.com The Redhead

    Thanks for stopping by! Appreciate it.

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  • http://twitter.com/AwesomelySimple John Spence

    You NAILED it!!!!!!!!!!!! I will add — be VERY careful before you take on a partner. Even the best partnership are hard to maintain in troubled time — or when you are making a ton of money. If at all possible – keep 100% ownership. YES – you MUST have a great team — but once a team member becomes a “partner” — an OWNER — things change.

  • http://twitter.com/lazysouls Prateek Modi

    I definitely need to be more of a team playa yo! Excellent list Erika.

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  • Dannyabalos64

    Wow Erika, that is a great list, I’m going to print that and keep it with me
    I love the attitude as well
    You rock baby!
    Danny

  • http://www.redheadwriting.com The Redhead

    Glad you enjoyed, Danny, and thanks for stopping by tonight! Welcome to the blog.

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