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Everybody knows that the first twelve months of a new venture are always the hardest. Make it through that year and the chances of making it through the next year begin to look a little better. There\u2019s so much on the line, from financial wellbeing to physical health. Nobody will look more tired than a small business owner in their first year of business.
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\nBut, the rewards of making it through that first year are potentially massive and that\u2019s why we all take the plunge and become small business owners. Being your own boss, making all of the strategic decisions and providing a better life for your family are just a few of the reasons that we get started.
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\nAs well as long hours of hard work, what else do we need to make it through some of the more challenging days during the first year? And what are some of the pitfalls that we should try and avoid?
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\nWith us on this episode of your favourite small business podcast is the founder of Renters Warehouse, Brenton Hayden. Brenton is going to help us answer some of these questions and more. Brenton set up his business after seeing an opportunity that wasn\u2019t being exploited by anyone in his area. He dropped the plans he had for his first business and focussed all his energy on his new idea. His business made it through that tricky first year and has gone from strength to strength picking up many industry awards along the way.
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\nIssue Challenged in this Small Business Podcast:
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\nHow can I get through my first year in business?
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\nAbout Brenton:
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\nBrenton Hayden is the founder, chairman of the board and former CEO of Renters Warehouse. The company provides property management services to those wishing to rent their property. Since beginning in Minnesota in 2007, the company has become one of the fastest-growing companies in America, with offices and franchises all over the USA. He set himself a target for retirement, and he has achieved it \u2013 at the ripe old age of 30!
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\nBrenton was, at one point, sleeping in his car and worrying about the next step to take for his future. How did he started with his business and make it through the first year? He\u2019s here with us on this episode of Excellence Expected to share his experiences as well as three actionable tips that will help any small business owner who is currently dealing with this particularly challenging period.
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\nActionable Tips:
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\n\t* Start with passion, a plan and power before you start a business. If you have passion and a plan and you feel like you can\u2019t stopped then you have the ingredients to achieve your goal. If you don\u2019t have them, then you need to keep looking for the right thing for you.
\n\t* Ask questions, listen until it hurts and then be decisive. A true leader is a collaborative leader. They listen to those who agree, disagree and those who remain neutral. Information is power.
\n\t* If you find the opportunity to do something awesome, you should do it yourself first and then hire someone to do it later. You need to become a passionate expert about your business. You need to learn every aspect of your business.
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\nTop Quotes:
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\n\t* \u201cInspiration is a here thing, it\u2019s a now thing, it goes away really fast, so when you\u2019re inspire or depressed, you gotta use it because there\u2019s usually a lot of passion hiding in both of those emotions.\u201d
\n\t* \u201cYou can have a really good plan, but you can\u2019t think of everything.\u201d
\n\t* \u201cI wrote down a plan, like a roadmap. A map can take you many different places, but at least you have a map. It\u2019s going to make getting to your dreams or goals that much easier. The plan isn\u2019t the endgame. The plan just makes it easier to get to the end of the road.\u201d
\n\t* \u201cThe number one obstacle in most peoples\u2019 lives is that they don\u2019t have a perfect plan. It\u2019s the critical flaw and the reason most people don\u2019t...