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This site was created by Nicholl McGuire, Inspirational Speaker and Author. Feel free to comment, share links and subscribe. If you have a business or would like to guest post feel free to contact. Check out topics on this blog and select what interests you. They are found at the bottom of this page. Peace and Love.

Saturday

Looking to Start Your Own Business - Do You Have a Plan for Your Hustle?

Planning the Hustle is Far More Challenging than Playing the Game

Whatever your hustle professional or not, planning how you are going to get money is one of the most challenging things you will have to do in order to survive in this world.  Everyone expects to get paid from the grocery store owner to the relative you borrowed money from and with that said, if you don't plan your hustle right from the start, it will fail!

Now what you choose to do to make money and keep it coming for awhile is all up to you.  If you permit too many people in your ear about what it is you want to do, you will find yourself not doing too much of anything.  Your hustle must be kept private before telling any trusted advisers.  Ask yourself the following:

1.  What is it that I am willing to do to make money?
2.  Is what I am about to do legal?
3.  Am I willing to file the necessary paperwork to make it legit? 
4.  Am I qualified to do what I plan to do?  Do I have a license, certificate, degree, etc. for it?
5.  Who would be willing to help me?
6.  What tools will I need and how much will everything cost me?
7.  How much money will I need to make to keep my "hustle" or business afloat?

If you were interested in selling goods like cosmetics, clothing, home décor, etc. then you know that you will need suppliers.  You will also need to be sure that you have access to the people who might be interested in what you are selling.  What does the supply look like compared to the demand?  You know you will need a marketing plan and will have to invest much money and time to make your business a success.  If you barely have free time now, then how do you expect to give it your all to a business?

If you can answer simple questions about your business in detail, then you are on your way to building a solid business plan.  Use the Internet to find out how to build your organization.  Find business plan templates related to what you want to do and use them to help formulate your business structure.  Research competitors.  Talk with people in a similar industry.  Ask questions related to the pros and cons of running your operation.  Also, find out how you can get others to invest in your business.  But never go to people and ask them to help out when you have no paperwork, no bank account, and no verifiable information that shows you are indeed a legitimate business.  Honest people want to do business with honest folks!

To your success!

Nicholl McGuire is the author of When Mothers Cry, Know Your Enemy: The Christian's Critic and other books.  She has inspirational audios/videos on spiritual issues at YouTube channel: nmenterprise7. 
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African American Planet: Relationships, Education, Products & Lifestyle by Nicholl McGuire is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Based on a work at africanamericanplanet.blogspot.com.

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