10 Things to Do Differently When Starting a Small Business in 2024

TLDRInvest back into your business, ask for help and build a team, sell directly through your own website, learn financial planning, embrace technology and AI, focus on personal branding, document your journey, build a professional network, be yourself, and show your face and personality.

Key insights

💰Invest back into your business and upgrade equipment as sales increase.

🤝Ask for help and build a team to avoid burnout and facilitate growth.

🌐Sell directly through your own website instead of relying on marketplaces.

💡Learn financial planning and separate personal and business expenses.

🤖Embrace technology and AI to streamline tasks and save time.

Q&A

Why is it important to invest back into my business?

Reinvesting profits allows for growth and improved operations.

How can I ask for help in my small business?

Reach out to family, friends, and professionals for assistance.

What are the benefits of selling through my own website?

Increased control, lower fees, and better customer experience.

Why should I learn financial planning?

Tracking expenses and separating personal/business finances is crucial for long-term success.

How can AI benefit my small business?

AI tools can automate tasks, improve efficiency, and generate content ideas.

Timestamped Summary

01:52Invest back into your business as sales increase to upgrade equipment and supplies.

04:00Ask for help and build a team to avoid burnout and benefit from shared knowledge.

05:58Sell directly through your own website to have more control and avoid marketplace fees.

06:54Learn financial planning and separate personal and business expenses to track finances better.

08:02Embrace technology and AI tools to streamline tasks and save time.