Entrepreneurial Do's, Don'ts and Top Tips

Entrepreneur, multiple business owner and your host, Khadija shares her business Do's and Don'ts to creating a successful company. If you're looking to cut the crap and discover the no-nonsense ways to starting, growing and scaling your business and begin living the life you deserve, this episode is for you.Known for keeping it real and cutting the crap, her strong mind and no filter when establishing right from wrong has really helped her to stand out in the entrepreneurial space and enabled her to be respected by entrepreneurs and celebrities. Join Khadija as she provides her most useful top tips and as always, keeps it real. KEY TAKEAWAYSKhadija's Entrepreneurial Do'/Don'ts.Do - Use Quickbooks or Xero as soon as you start trading, and manage your finances from the beginning.Do Not - Do payroll yourself. For as little as £50 per ten employees, you can outsource this from others.Do - Promote yourself on social media and use a reputable company if you require some assistance.Do Not - Spend all of your money on social media and marketing until you are earning enough organically.Do - Employ staff for your company's growth.Do Not - Employ staff unnecessarily. You should be aware of each staff member return on investment and the revenue they will each individually bring to your business.Do Not - Pay a £28k salary for an email manager or an administrator if your turnover cannot justify this. KEEP COSTS LOW.Do - Be ambitious.Do Not - Be deluded. If you are not earning a livable wage after 12 months, you need to find out the reason why.Do - Be friendly to your staff.Do Not - Be their friend. If you allow friendships to form, lines become blurred and boundaries are crossed. Keep those boundaries clear.Do - Be a company owner.Do Not - Be a managing director, if people management is not your strong suit. Outsource the inhouse people management if required.Do - Know everything that is going on in your business.Do Not - Do everything in your business. Do not become a one-person army. Leverage, outsource and know where your strengths lie. BEST MOMENTS“I am known for keeping it real and cutting the crap, my strong mind and no filter when establishing right  from wrong has really helped me stand out in the entrepreneurial space”“ I am honest about how hard business and life can be as a mother in a relationship and more so I am about to share a few home truths and snippets of what I think will help you.”“Do not pay a 28k salary for email management/admin if your turnover cannot justify this. This can be outsourced and done well. Keep costs low. Kylie Jenner scenario a one-billion-dollar company 7 staff only 3 of them full time and a store on shopify”[In reference to her post on social media] “ DO post things like this on social media. DO NOT worry about accompanying it with a picture, it helps capture people's attention. People may have scrolled through otherwise to help engage the audience”   VALUABLE RESOURCEShttps://quickbooks.intuit.comhttps://www.xero.com/uk/advisors/find-advisors/ABOUT THE HOSTKeep it real with Khadija is an interview-based podcast hosted by Khadija Kalifa. As a BBC Apprentice finalist and busy Mumpreneur, Khadija is on a mission to build an empire whilst raising two children, inspiring others to make their passion their profession. Khadija speaks openly about how she grew up in an underprivileged area, turned her daughter's birth trauma into a motivational story, and became a BBC Apprentice finalist, successful business mentor, motivational speaker, property investor and podcast host. Guests of the show speak candidly about life, business, mental health, mindset and making the most of every opportunity. CONTACTWww.keepitrealwithkhadija.comWww.facebook.com/keepitrealwithkhadijaEmail: [email protected] / [email protected] Khadija KalifaInstagram Khadija KalifaTwitter Khadija KalifaThis show was brought to you by Progressive Media Hosted on Acast. See acast.com/privacy for more information.