That lightbulb moment when you get a business idea can be so viscerally exciting that you have visions of success, stability, and all of your dreams coming true. But soon after, reality sets in and we realize we cannot give ourselves completely to it because we’ve got other more important things that need our attention, like our children. But this is where we have to think about setting up a business in the round and making it smoother and simpler. Here are some approaches to consider:
Think About the Big Things, Don’t Waste Your Time on the Small Things
When we start out, we feel like we need to give a huge amount of consideration to every finite component. Lots of people labor for days if not weeks over a business name. But instead, you can almost outsource this by using a business name generator so you can actually pay attention to the real things that matter. We have to remember the Pareto principle, where 80% of the outcomes come from 20% of the effort. You need to think about those big things that will really matter a year or five years down the line, the rest will almost sort itself out.
Outsource Where You Can
Continue reading 3 Ways to Balance a Business Setup with Parental Responsibilities
