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Dennis Haggerty Gives Us His Best Tips for New Entrepreneurs

  • March 30, 2022
  • Darren
entrepreneurship's Importancce
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As an entrepreneur, you put a lot of yourself into your business, says Dennis Haggerty. You are willing to put in the time, energy, and resources to see your business succeed. But what happens when you hit a roadblock? How do you get past it? Are you willing to keep pushing?

If you are just getting started, you may find yourself feeling overwhelmed, unsure, and afraid of failing. The good news is that you’re not alone.

Many new entrepreneurs share the same feelings and fears. The key is to keep going, not give up, and keep pushing through. Here are five tips for new entrepreneurs who want to build a solid foundation for their business.

Stick to Your Plan Advises Dennis Haggerty

This may sound overly simple, but so many new entrepreneurs end up straying from their initial plan too early in the process, says Dennis Haggerty. It’s so tempting to branch out even further or try a new operating process or build a new product. But if you do this before you have a solid foundation, your business will end up collapsing.

For example, you may have wanted to start a bakery, but you keep buying retail items like branded aprons and cooking gear. Take a deep breath and focus on perfecting your signature recipe instead of the bright and shiny merch.

You also need to make sure you are following your financial plan. This may be a matter of re-examining your expenses versus your income or tracking your expenses for a specific goal. Whatever it is, make sure you are adhering to your plan and not getting lost in the weeds.

Set Up Reminders

This is a tip that comes in handy during almost every stage of entrepreneurship. There are so many administrative and repetitive tasks involved with running a business. Invoicing, bills, utilities, marketing emails, social posts, employee meetings… it’s difficult to keep it all straight.

So instead of relying on your busy memory, instead try setting reminders on your calendar and checking it each morning to help you prioritize and keep anything major from slipping through the cracks. You don’t want your business to fail because you forgot to file your taxes or something equally avoidable, says Dennis Haggerty.

 

Celebrate Small Wins

As an entrepreneur, you are bound to fail once in a while. That’s just part of it, says Dennis Haggerty. And that’s why celebrating even the smallest of wins is even more important as an entrepreneur.

Celebrate your birthday, the fact that your rent is paid, your car is still running, and your product shipped on time this week… Whatever you’ve accomplished has helped keep the business running.

It will feel silly at first, but it makes a huge difference in perspective. Even if you do not feel like it, celebrate. It will help you stay motivated and on track.

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San Francisco has long been thought of as a town a bit too far left of left. As James Hurysz and others remember, it’s had a long history of being liberal, free-flowing, and far less conservative than other locales. However, it’s also been a city of change, being the birthplace of the tech boom as well as the ancestral home of some of the most prolific and influential writers and artists in the 1960s and 1970s. Unfortunately, today, San Francisco is leaning so far off track, it has now triggered just as much of a hard reaction by pushing back. James Hurysz reflects on the same view as others on the outside; the city’s government has embraced the idea of non-enforcement to the point that homelessness, drugs, and crime have made the city unlivable for regular people and businesses. And that has pushed businesses to the point of something that is fundamental to American independence: a tax revolt. The frustration and anger of businesses in San Francisco aren’t restricted just to the City by the Bay, from what James Hurysz sees online. It’s been happening across the country in other locations with a similar attitude towards social leniency. Unfortunately, too much leniency has come with too much of a cost. Businesses are constantly being robbed or vandalized, customers threatened, and sidewalks soiled badly on a daily basis. Yet, when business owners beg the municipality for help and law enforcement, the most liberal cities have taken a “hands-off” approach. As a result, many businesses have gotten to the point where they are closing, leaving, and failing. Those ventures that have survived to date are drawing a line in the sand, refusing to pay any more in business taxes to get their cities’ attention. James Hurysz is not surprised or shocked. Cities are no different than any other organic development, argues James Hurysz. They thrive best with a balance. Clearly, the zenith of conservatism is a police state run by corporations, and the extreme opposite is what is happening in San Francisco. Neither are healthy or long-lasting. Ideally, a healthy city is one that finds a balance between social liberalism and protecting its business community so that income generation can help long-term growth and support the city’s programs. When, however, municipalities treat their businesses like cash cows, only good for income and no protection at all. Then, at some point, James Hurysz notes even the most giving of companies have a breaking point. That is what is happening in San Francisco with its small business tax revolt. The sentiments today are no different from those of the colonists during the Boston Tea Party. At a certain point, the colonists under the abuse of England using them as a tax coffer got sick of their treatment. And they pushed back. While no one expects San Francisco to be the start of the next American Revolution, the aspect of government delegitimizing itself still exists. And if those in local government don’t pay attention, they will find their entire system being fundamentally changed again from the ground up. Balance protects all elements, social and business. Protect the balance and everyone grows within limits. Ignore it, and change comes quickly and chaotically
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