3 good tips for business beginners

Establishing a business and making a living for yourself is not an easy assessment. If you already made it - congratulations. Sitting in that lucky situation is nice. But if you think back on how it all started, there are probably some things that you would have liked to known. Tips and do's and don't's that might would have helped you make smarter decisions. I have gathered to handfuls of these tips, and I hope you can make use of them.

1) Define your own motivation and your dedication level

"I am ready to sacrifice blood, sweat and tears for this business". Yes, it may sound like the phrase you imaging saying when entering the start-up process. But if it is not true then avoid convincing yourself that it is. If you have an urealistic idea of your own dedication level it may cause more harm than good. You can quickly end up dissapointed because your initial goals did not work out. Hence, be clear from the beginning how much effort, time and energy you want to invest in the business. There is nothing wrong with being honest and seeing it more as a hobby project - you just cannot expect then that it will grow into a million dollar business anytime soon. Your dedication is closely connected to your goals, and the likeliness of reaching them.

2) Find the right investors

The right investors are worth gold for your business. But obviously they need to believe your idea and your business plan in order for investing. It might feel like a great honor when an investor chooses your business above your competitors. This, however, should not fool you into picking the wrong investors. Believe in your business' worth and choose only the investors that you can imagine doing a difference and having a genuine interest.

CEO and founder of OMNIA Global, Daniel Hansen, is among the people who stresses the importance of finding the right investors. He also emphasizes that one of the indicators of succes is when your business makes its own money. This meaning that you are not depending on investors. If you want more insights from the successful entrepreneur, you can find Daniel Hansen here.

3) Find the right people and let them be experts

If you manage to scale your business just a bit, you are going to need help from outside at some point. It may be help in the form of a freelancer doing a few tasks, but you might also need long-term and loyal employees. Employees that will contribute turning your business into a succes. Since you probably have a sense of ownership of your business and a feeling of vulnerability, you may also have a difficulty loosing control. However, you have to recognise that you are not an expert within all fields. That is exactly why you hire people who ARE. Hence, let them be experts and trust the fact, that they know what they are doing. If you feel the need to control them and have a influence on every everything they are doing, they might not be able to perform. At some point you have to let go and be comfortable with other people having responsibility. Surely, this is hard when you have build up a business and do not want anything to ruin that business. But if you find the right people, they will be a great asset in terms of growing your business.

One of the inspirations behind this article is Daniel Hansen from OMNIA. Daniel is an entrepreneur with a big E and has been growing businessess ever since he was a teenager. Daniel Hansen is very dedicated and passionated when he follows an idea - and he is great at identifying the good ideas and bringing them to life. This has showed itself in the way Daniel Hansen has established OMNIA - a non-conservative family office together with OMNIA Foundation.

Follow Daniel on Twitter here.