10 Things To Know Before Starting A Business
10 Things To Know Before Starting A Business
Starting a business is a dream for many people. But before you take the plunge, there are some things you should know that not everyone thinks about. Here are 10 tips to help you succeed:
1. You'll be wearing many hats. In the early stages of your business, you'll likely be responsible for everything from marketing and sales to customer service and accounting. This can be a lot to handle, but it's also an opportunity to learn new skills and grow as an entrepreneur.
2. It's important to be flexible. Things don't always go according to plan when you're starting a business. Be prepared to adapt and change your plans as needed. This could mean anything from pivoting to a new business model to adjusting your budget.
3. It's important to be resilient. There will be setbacks and challenges along the way. But it's important to stay positive and keep moving forward. Don't give up on your dreams.
4. It's important to have a strong support system. Surround yourself with people who believe in you and your business. They can offer you encouragement and advice when you need it. Your support system could include family and friends, business mentors, or other entrepreneurs.
5. It's important to take care of yourself. It's important to take care of yourself both physically and mentally when you're starting a business. Make sure to get enough sleep, eat healthy foods, and exercise regularly. Also, find ways to manage your stress and relax. This could mean anything from taking breaks to journaling to meditating.
6. It's important to have a life outside of work. It's important to have a life outside of work, even when you're starting a business. Make time for your hobbies, friends, and family. This will help you stay balanced and avoid burnout.
7. You'll need to be patient. Success doesn't happen overnight. It takes time and hard work to build a successful business. Don't get discouraged if you don't see results immediately. Just keep working hard and learning from your mistakes.
8. You'll need to be persistent. There will be times when you want to give up. But it's important to keep going, even when things are tough. Remember why you started your business in the first place and keep your goals in sight.
9. It's important to celebrate your successes. It's important to celebrate your successes, no matter how small they may seem. This will help you stay motivated and keep moving forward. Take the time to appreciate your accomplishments and enjoy the journey.
10. It's important to know that you're not alone. There are millions of people starting businesses every year. There are also many resources available to help you succeed. Don't be afraid to ask for help when you need it. There are many online and offline communities where you can connect with other entrepreneurs and learn from their experiences.
Bonus tip: Don't forget to have fun! Starting a business can be a challenging but rewarding experience. Enjoy the process and learn as much as you can along the way.
Here are some additional tips that you may not have thought of:
Your personal finances will be affected. When you're first starting out, you may need to put your own money into the business. This can be a risk, so it's important to be realistic about your financial situation.
Your relationships will be tested. Starting a business can be a lot of work, and it can be easy to neglect your personal relationships. Make sure to communicate with your family and friends and let them know what you're going through.
You'll need to learn how to say no. It's important to be able to say no to new projects and opportunities, even if they sound good. You need to focus on your core business and make sure you have the resources to do it well.
You'll need to take risks. Starting a business is a risky endeavor. But if you want to be successful, you need to be willing to step outside of your comfort zone.
Starting a business is not easy, but it can be incredibly rewarding. By following these tips, you can increase your chances of success.
When you apply for business funding, your application goes through a critical stage—underwriting. This is where lenders evaluate risk and determine whether your business qualifies for financing, and under what terms. Understanding what underwriters look for can help you strengthen your application, avoid delays, and increase your approval odds.
Not every business enjoys a steady stream of income. For many companies—especially those in seasonal industries, contracting, or project-based work—revenue can shift dramatically from month to month. These ups and downs are normal, but they can make managing cash flow, payroll, and operating expenses challenging. At Lexington Capital Holdings, we understand that fluctuating revenue doesn’t mean instability—it just means you need the right financial tools to stay balanced and grow confidently.
The Challenge of Hyper-Growth For many startups, growth isn’t the problem—it’s managing it. Rapid scaling demands capital for hiring, marketing, technology, and operations. But too often, founders find themselves cash-strapped right when they need resources the most. Choosing the right financing strategy can be the difference between sustainable growth and burning out too soon.
When it comes to business financing, the terms you secure are just as important as the funding itself. Lower interest rates, flexible repayment schedules, and higher approval amounts can mean the difference between simply surviving and setting your business up to thrive. The good news? Business owners often have more negotiating power than they realize. At Lexington Capital Holdings, we’ve seen firsthand how preparation and strategy can help secure stronger terms. Here’s how you can do the same:
For many businesses, waiting on customer payments can feel like standing still when you’re ready to move forward. Delayed invoices, extended payment terms, or slow collections create cash flow gaps that make it harder to cover expenses, pay employees, or seize new opportunities. The truth is—even successful, profitable companies face this challenge. The key isn’t avoiding it, but managing it strategically with the right funding solutions
Securing business funding is a milestone—but the real impact comes from how you put that capital to work. Every dollar borrowed should fuel momentum, strengthen operations, and generate measurable returns. Unfortunately, too many businesses stop at “getting approved” and miss the chance to maximize their return on investment (ROI). At Lexington Capital Holdings, we believe funding isn’t just about access to capital—it’s about creating opportunity. Here’s how to ensure your financing delivers the highest ROI:
In today’s fast-paced business environment, standing out from the competition requires more than just great products and services—it takes strategy, timing, and smart financial decisions. One of the most overlooked tools in building and maintaining a competitive advantage is business financing. When leveraged correctly, financing doesn’t just help you “get by”; it can actually position your business to outpace competitors and capture new opportunities.
In business, surprises aren’t a matter of if—they’re a matter of when. Whether it’s a sudden equipment breakdown, an unexpected dip in sales, or a market shift that requires quick adaptation, unforeseen expenses can test even the most successful companies. The difference between thriving and struggling often comes down to how well you’ve prepared.
When most business owners hear the word debt, it sparks feelings of stress or risk. But here’s the truth—debt isn’t always a bad thing. In fact, when managed strategically, debt can become one of the most powerful tools to grow, stabilize, and scale your business. At Lexington Capital Holdings, we work with business owners every day who are navigating this very question: Is taking on debt the right move for me? Let’s break down the difference between “good” and “bad” debt so you can make informed financial decisions.
In today’s business world, financing options are everywhere—but choosing the right path can feel overwhelming. From traditional bank loans to alternative lending solutions, the fine print and fast-changing requirements often leave business owners spending more time deciphering funding terms than actually running their businesses. That’s where the value of a dedicated funding advisor truly shines. At Lexington Capital Holdings, we’ve seen firsthand how personalized guidance can transform the funding experience for business owners of all sizes.
