Resources for Disabled Entrepreneurs
Quick Tips for Disabled Business Small Business Owners That Lend to Success
by Ed Carter, Able Futures
As a parent, you want the best for your children. However, as a person with disabilities, you already know that the job market is not slanted in your favor. But, that doesn’t mean you can’t take control of your income. For many of us, this means starting a business. Here are a few tips to help you make your entrepreneurial endeavor a success from the beginning.
Today’s blog is just one of many free resources brought to you by CCS Digital, GreatInkUS, and BestInkandToner.
Decide on a structure.
Before you launch any business, it’s a smart idea to determine if you will work as a sole proprietor or LLC. There are benefits to each, so do your research before you make a commitment.
Write an actionable business plan.
Your business plan is an official document that outlines how you plan to run your business. It will help you stay on track while you chase the success you desire. Your business plan should include>all of the steps you need to make your business a success, such as monthly sales targets, strategies, and management structure.
You will need a business plan to obtain financing if you do not plan to self-fund your new business. Fortunately, even if you cannot find an investor to back your venture, you may be eligible for grants specific to people with disabilities. If you are not sure what you might qualify for, visit Disability Grants for information on money available for people in specific circumstances, such as disabilities by condition or those specific to employment, careers, and for disabled entrepreneurs.
Research your market.
One of the biggest mistakes you can make as a small business owner is not taking the time to research the market ahead of time. Even once you get started, you want to stay continually in the loop for the current and emerging market for your services. According to Zenbusiness, planning is critical and involves everything from a market analysis to understanding your promotional activities. Understanding your target demographic is the best way to know how to market your customers.
Refine your idea.
Early success makes it easy to forget that you must continually evolve and adapt to your clients. Never lose sight of this, and take steps to monitor what your customers want so that you can take a step ahead of the competition and keep your customers happy.
Hire the right people.
Hiring the right people is a key element to any business’s success. As a person with disabilities, you may be wondering if you should hire others with disabilities as well. The quick answer: yes. The Chicago Lighthouse explains that people with disabilities are reliable employees that are, statistically, less likely to miss work or take time off because of work-related accidents. Further, as you already know, people with disabilities are just as capable as those without. This doesn’t mean that you should not screen your employees for experience and willingness to learn, only that you should maintain an open mind during the hiring process.
Involve the community.
Another great tip: get involved with your community. This not only shows that you care, it also helps you nurture new relationships and stay social with the people who patronize you. A few ways to get involved are to participate in local events and to sponsor sports teams, charitable programs, or other organizations that align with your business.
Keep supplies on hand.
No matter what type of business you run, you have to have supplies. Make sure that you are always fully stocked with everything you need to keep your business running, including ink and toner, which you can order from BestInkandToner
As a person with a disability, you are in an excellent position to obtain funding that may not be available to others. But, that doesn’t mean you don’t have to put in the work to make your business a success. The above are just a few tips that can help you start and grow so that you can create a business that allows you to support your family and your community.