Mr. Stacey Davis 🥓

Self-employment = Freedom. I Tweet about small business news & business ownership strategy. Sharing 30+ years of small business experience. FREEDOM!

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

The Rules For 1st Time Business Owners

1. Right Size the Risk: Take calculated risks that won't jeopardize your entire venture if they don't pay off.

2. Don't Quit Your Day Job Until You Hit Your Financial Target: Maintain your primary income source while building your business and only consider leaving it once you've hit a predetermined financial milestone.

3. Don't Overpromise: Set realistic expectations for your customers to build long-term trust and credibility.

4. Develop the Least Viable Product: Focus on creating the simplest version of your product that still delivers value to get to market quickly and start learning from real user feedback.

5. Expect Imperfect Hypotheses: Embrace the Business Scientific Method—hypothesize, test, analyze, revise, and repeat. Assume that your business hypotheses will need refining.

6. Take Decisive Action Over Perfection: Focus on progress and learning rather than waiting for the perfect moment or perfect product.

7. Satisfactory is Sufficient: Whether it's your product, marketing materials, or business tools, "good enough" is often all you need to proceed.

8. Dress for the Job You Want: Present yourself in a way that aligns with your business goals and desired reputation.

9. Keep Business and Personal Finances Separate: Avoid blending personal expenses with business accounts to maintain clarity and legal compliance.

10. Start Your Email List Immediately: From day one, begin compiling a list of contacts for direct communication and marketing.

11. Outsource to Experts and Time-Savers: Leverage skilled professionals to handle specialized tasks, so you can focus on your core business activities.

12. Define Your Customer Avatar: Clearly identify your ideal customer to tailor your business approach effectively.

13. Regularly Review Finances: Keep a close watch on your financial status, including cash flow, expenses, and profits.

14. Set SMART Goals: Establish objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound to guide your business growth.

15. Learn Continuously: Stay informed about your industry, market trends, and new strategies to keep your business ahead.

16. Network Actively: Forge meaningful connections that could turn into partnerships, mentorships, or new opportunities.

17. Be Adaptable: Remain flexible and ready to adjust your strategy in response to feedback, market shifts, or new insights.

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If you found one new idea here, then I've earned a Like and Follow.

~Stacey

P.S. Let me know in the comments what you'd add to this list. I'm always learning!

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

Work Harder, Not Smarter

Sometimes.

My morning don't need to be spent at the gym.

Coffee on the patio.

Farmer's Carries of 5 gallon buckets of water to the new bushes out front...

....even though I have the hose.

Curls on the way.

Asian Squats while slowly soaking pouring

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@clintoptions We are paying for next year's income. You're going to be shocked how fast they scale with money to spend. Profitably? Barely, but that's year 3.

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@elonmusk

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@SawyerMerritt @SpaceX I got 40% of ask on Fidelity and 28% on Etrade.

I'm a Founder of The Federation #SpaceX

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@PeterDiamandis Optimism! 🚀

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

Could #SpaceX be the largest transfer of wealth ever? From small retail investors to cafeteria workers at SpaceX, millions of regular people are being setup for greater wealth in the coming decades. The future is amazing and it's coming so fast.

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@BillOzanne @SpaceX @Fidelity @etrade Ask of about 10 shares? Seems like a lot of people got 10 shares at Fidelity regardless of ask size

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

Let me know of you got any @SpaceX shares.

I requested on @Fidelity and @etrade and I am still waiting for allocation on both.

Give me hope!

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@LayahHeilpern Open your heart to the possibility that Musk really is just trying to level the playing field and save humanity.

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@Soughanuna @strengthPlan Maybe they really did give a higher % to smaller retail

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@Soughanuna @strengthPlan I got 10 of 25 on Fidelity

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@SpaceX @Fidelity @etrade I got 40% of ask on Fidelity and 28% on Etrade.

I'm a Founder of The Federation #SpaceX

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@heyitsyashu

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@unusual_whales Is it guaranteed to be at $135?

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@MorningstarInc This isn’t going to age well

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@chartingthemkt @AustinBavousett https://t.co/vKXaO8mZzz

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@BenjaminDEKR Cash harvesting isn't done...I'll start shopping Thursday morning. None of us are getting every share we asked for, so all that cash is going back into the market.

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

@na_option I sold a number of these for the SpaceX IPO.

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

Stocks are taking a beating until the SpaceX IPO. @elonmusk @teslaownersSV #StockMarket #SpaceX #Tesla #MadeWithGrok

[Mr. Stacey Davis 🥓 @MrStaceyDavis]

Crash! @elonmusk $TSLA $SPCX #SpaceX