One of the best things about video games is the ability to restart – you can use your learnings to move faster and avoid obstacles. We often think about what we would do differently if we were starting over in business and we figured others probably think about this as well and so we asked the community to share their thoughts with us.
Will Focus
I would absolutely have started sharing my content and never stopped. I was there at the boom of YouTube creating content and I stopped it because I felt I needed to prioritize other things. Read more>>
Christina My
Starting your own business is never easy. If I had the opportunity to start over, one of the many things would be being more firm with my standards and expectations with clients and associates. With clients, you’re going to run into challenges like them not valuing your work, pricing and policies. If I would have stayed true to myself and my business, I feel like I’d have a stronger foundation and reach my goals a lot sooner. When you don’t value yourself and your work, you become a push over. Read more>>
Alexandre Orr
Listen to my mother and father more. If I learned more about apparel manufacturing earlier I would have saved a lot of money. Understanding fabric yields, sample making costs, and wholesale pricing, and the other aspects of the business of fashion would have helped me. Also, understanding myself and the type of fashion house I wanted to establish would have helped a lot. Read more>>
Joe Buckner
If I were starting over, I would keep my full time job and build my business on the side. I left a 6 figure job and benefits to open a gym with not much money. If I had kept my job, I would have been able to take all of the money from the gym and invest it back into the business instead of needing an immediate pay check. There is no nobility in suffering and poverty. Read more>>
Kristen Laidig
We made a lot of expensive mistakes early on in our business. When we opened retail stores I got a little carried away with ordering inventory, but that wasn’t the biggest mistake. You’ve probably heard the advice, “Don’t hire family” or “Don’t hire friends” and I can add one more piece of advice… “Don’t hire people who need money.” Read more>>
Jennifer Pahl
If I was opening a new yoga studio: 1. I wouldn’t consider a chain or franchise 2. I would set up all teachers and staff as employees/W2
3. I’d require each teacher to teach at least 3 classes each week
4. Onboarding for teachers and font desk staff would be clear, intentional and KPI oriented 5. Each person on the team would get quarterly reviews
6. Each person on the team would be trained in our core values focused sales process 7. I’d use the direct to membership model vs. the traditional intro month to membership model 8. I’d hire a yoga studio business coach BEFORE I open to create strategies, pricing options, SOPs and KPIs before I open my doors 9. I’d have a founding member sale with the goal of selling 50 memberships prior to opening 10. I’d set my quarterly and yearly goals for the next 5 years Read more>>