(PRWEB) August 24, 2012
In a recent blog post on her popular personal and small business finance blog, Sherry Tingley, founder of business checks website Coolchecks.net, interviewed serial entrepreneur Kirk Taylor discussed how to launch a successful start up business.
Taylor, whose entrepreneurial and finance experience spans back more than three decades, offered six key tips:
1. Work hard. While luck and timing certainly help, there is no substitute for working hard – especially for an entrepreneur. “I’m not the CEO-type guy,” Taylor commented, “I like the business start up phase.”
2. Seek opportunities. Successful entrepreneurs rapidly spot opportunities and seize them before others. Advises Taylor: “Catching on quick to an opportunity and moving double quick to get it functional is what real entrepreneurs do.”
3. Be realistic. While Taylor acknowledges that having a dream and a vision are vital to success, it’s also important to stay grounded and realistic. He says that seasoned entrepreneurs know the “magic spot” in any endeavor, which is where idealism has to give way to the realities of the business world.
4. Get funded. “Every entrepreneur has to raise capital,” Taylor states matter-of-factly. He encourages entrepreneurs to have the patience and vision find the right investors – and not just any investors – to back an idea. He also encourages people to tap their network of experts for advice.
5. Don’t give away control. Taylor courageously admits that his biggest start up business mistake was to give away too much control, too soon. He has since learned to implement appropriate controls and restraints when it comes to delegating power to managers.
6. Aim to be debt free. Taylor urges entrepreneurs to make debt freedom as their most important goal. He also recommends affiliate marketing as a way to achieve this goal even sooner. “[I see] huge potential in sales with relatively low start up expenses.”
“Running a start up business can be like riding a roller coaster,” commented Sherry Tingley, who has also enjoyed a strong history of entrepreneurial success. “The trick is to stay focused, to have a plan, and as Taylor mentioned, get out of debt as quickly as possible.”
To read Tingley’s full interview with Kirk Taylor, click here.
For more information or media inquiries, contact Sherry Tingley at sherry(at)coolchecks(dot)net or 801-599-0052.