In this episode, Morgan shares her top tips for navigating the first year of business. She covers the importance of documenting everything, delaying gratification, building a safety net, and hiring strategically to set the foundation for long-term success.
Morgan emphasizes that the first year of business is the hardest but crucial for long-term success. She advises documenting every process, resisting the urge to take personal profits early, and focusing on building a savings buffer for tough times. Delaying gratification and living frugally in the beginning will pay off later. Morgan also highlights the importance of hiring people with complementary skills, not just those who are like you, to enhance the growth of your business.
Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/mood-maze/trendsetter
License code: GVN7SS8GV3TYU20D
