Want to start a small business? 2022 could be your year

It’s hard to believe 2021 is almost over — but here we are. And if you’ve been thinking about starting a small business for a while, then the upcoming year could be the perfect time. But I totally get that it can be hard to know where to start, so let’s walk through five important tips that will help you make that small business dream a reality in 2022.

1. Define your why. The purpose behind your business will fuel you when times get tough (and they will). So, take plenty of time to get quiet, journal if that’s your thing and reflect on why this business idea is important to you — and how it could help people out there in the marketplace. Trust me, once you have clarity on this, the rest of the steps get a whole lot easier.

2. Make a business plan. Now it’s time to start the planning stage. Here are a few questions you can ask yourself when it comes to the details of your business plan:

— What product or service will you offer? In other words, what problem do you want to solve? Anything you sell or provide should make your customers’ lives better in some way.

— What schedule will you work? The great part about having your own small business is that you get to make your own hours. Just remember to be realistic based on the type of business you want.

— What will your budget be? I would never recommend someone go into debt or make any other risky financial moves to start their business. Make sure you think through all the costs ahead of time. And don’t expect to make a ton of money when you’re first getting off the ground.

The full article is available in our e-Edition. Click here to subscribe.