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2018-05-03 22:47:45Starting a BusinessEnglishStarting A Business: Learn why asking for help is the number one skill you need as a new small business owner. Review some situations where... 1 Tip for Starting A Business: Learn to Ask For Help

No. 1 Tip for Starting A Business: Learn to Ask For Help

1 min read

Launching your new business can be extremely rewarding, but it also comes with a lot of challenges. To be successful, as a new business owner, you have to be willing to ask for help. Luckily, there are all kinds of ways to do that.

As you get started, you may need a financial boost. Often, that means pitching your concept to banks or investors so that you can get the capital you need. In other cases, you may need to ask your family or friends for help. If you’re worried about this process, confidence and preparation are key. When you truly believe in your business idea, it becomes easier to ask for help. And if you take some time to put together financial projections, banks, investors, and even family members become much more likely to say yes.

As your business gets going, you usually need more help, and you may want to start with your family and friends. Perhaps, your parents can watch your kids so that you can focus on your business. Maybe, you have a tech-savvy friend who can help you create a website or do some social media marketing. Don’t be afraid to ask the people close to you for assistance. The worst that can happen is that they say no, but they may surprise you with their interest in your success.

Eventually, you may also need to ask for help outside your inner circle. For instance, you may want to find a mentor who can give you business advice. You can hire consultants for this role, but there are also organizations that can help to match you up with mentors. Beyond that, you need to be able to ask your employees for help. With most businesses, there comes a point where you can’t handle everything on your own. That’s when the ability to delegate becomes essential.

From the moment you conceive of your business to the day you retire, you are going to need help. You may want to practice asking for help and learn to roll with the punches when people say no. Most importantly, try to surround yourself with trustworthy, capable people who can provide the help you need. Once you learn how to ask for help, the possibilities are endless.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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