How to Start a Meaningful Life-Enhancing Small Business

September 9, 2021 / 16 Comments

Launching a small business gives you the opportunity to fulfill your personal and professional ambitions but choosing to run a meaningful business can transform every aspect of your life. As well as giving you an added sense of purpose, a meaningful enterprise can increase your job satisfaction and enable you to have a positive impact on the world around you. 

You might already be aware of some of the required necessities of running a business. If you have decided to open a healthcare practice for example, then you will know which regulations to follow and which resources to implement, such as revenue cycle management behavioral health software. But it is important to consider a range of other factors which may not have immediately come to mind. If you have been considering starting your own business, take some time to read the following four tips to get you started on your new life-enhancing journey.

1. Do Something You Enjoy

There are many different ways that you can generate revenue but doing something you enjoy will bring far more value to your life than just counting your profits. Many people assume that their business venture should capitalize on their professional experience. While this can certainly be a good springboard for a successful company, it may not be the right option for you if you are eager for a career change or unfulfilled by your current role. To start living your best life now, focus instead on doing something you enjoy and using your passions to motivate you to achieve commercial success.

For example, let’s say you really enjoy providing care to people, then you may want to become the owner of a business who looks after people with disabilities. To do this you would need to look into becoming a registered NDIS provider so you are able to administer the best quality of care to the resident. However, if this is not the route you would like to take, there are plenty of other options out there.

2. Be Ethical

An ethical business prioritizes values and principles and holds itself up to self-identified standards. In today’s society, consumers are actively seeking out ethical companies and abandoning brands that do more harm than good. By shaping an ethical business, you will have peace of mind that you are operating fairly but you will also gain the trust and loyalty of your target audience. 

Furthermore, businesses that operate ethically often find it easier to manage regulatory compliance issues. With help and guidance from resources like the National Life lawsuit blog, you can find out how ethical practices can help you to avoid legal action. While compliance might be compulsory, being ethical is a business decision that can add meaning to your company. 

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3. Be a Force for Good

When you are thinking of startup ideas or potential business plans, you are probably focused on which ideas can make money and which concepts can be scaled quickly to achieve maximum success. Of course, these are important considerations when you are launching a new venture, but they are not the only things that matter.

Choosing to start a business that is a force for good will enable you to have a positive impact. For example, you might want to launch a firm that helps people transition away from fossil fuels or donate a percentage of your profits to specified charities. Alternatively, you might focus on hiring workers from underserved communities or providing students with work experience opportunities. 

There are many ways that businesses can become forces for good, so look for ideas that align with your values and shape your business around them. 

4. Add Purpose to Your Business Journey

Launching a business is a challenging process in the best of times, but having an added sense of purpose can help you to overcome the many obstacles you are sure to face. When you know that your business has meaning and provides genuine value, you will have all the motivation you need to embrace the challenges, find innovative solutions, and increase your success. 

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Have you been thinking about a new small business idea? Or maybe you already run a successful business and have some tips to share from your own experiences?

Keeping it on the edge,

Shelbee

Joining these Fabulous Link Parties.

I am a midlife woman, wife, and stay-at-home mother of 2 boys and 2 cats. I have a passion for helping other women feel fabulous in the midst of this crazy, beautiful life.

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16 Comments

  • Pamela Graham

    September 10, 2021 at 8:57 am Reply

    Great tips but sometimes it’s just time to take the leap. I started my website after retirement with no firm ideas, just needed a challenge. 9 years later, yes it’s been a business now for a long time and if I were younger I would apply far more ambition than I actually do. I would add to your list by saying that, whatever your business, this is YOU so present yourself at the forefront with your own ethics and upfront business practice. Whether it’s readers, clients or anyone who comes into contact with you, they HEAR the honesty and commitment!
    Pamela x
    http://www.style-yourself-confident.com

    • shelbeeontheedge@gmail.com

      September 10, 2021 at 2:53 pm Reply

      Pamela, thank you so very much for sharing your words of wisdom! I agree completely that honesty and commitment go a really long way in maintaining any kind of successful business relationship. I am with you in that I would apply more ambition if I had the energy I did in my 20’s! Ethical and honest (and of course kind and accepting) has always been the foundation of the brand I have created and so I look for the same in others. I applaud you for always maintaining that same high standard in your own ventures, my friend!

      xoxo
      Shelbee

  • Michelle

    September 12, 2021 at 3:16 am Reply

    Excellent post! My creative endeavors straddle the divide between hobby and business. I despise doing anything solely for the money. It’s just not inspiring. In fact I would go further and say doing anything solely for money is completely de-inspiring for me. And yet, I continue with my little Etsy shop because I love the idea that someone loves and appreciates my work. But honestly, I’d probably be happier giving them away. I’m still trying to find a happy medium.

    Michelle
    https://mybijoulifeonline.com

    • shelbeeontheedge@gmail.com

      September 12, 2021 at 10:23 am Reply

      Oh my gosh, Michelle, what an excellent comment! I totally relate to all of it. I would much rather give things away because it just fuels my soul to share all of the goodness that I can! But the unfortunate reality is that we all need money to survive in our society. It is such a great feeling when you can generate some income doing what you absolutely love to do. But striking that perfect balance is definitely the most challenging part of it all. I keep this little blog going because it makes me feel good to do it. Monetary compensation is just the icing, isn’t it? I suspect I will never earn a six figure salary blogging, but the benefit to my emotional health is priceless!

      xoxo
      Shelbee

  • Hazlo Emma

    September 21, 2021 at 12:37 am Reply

    This is straight to the point ShelBeontheEdge. 🥰

    I am yet to meet a very successful small business founder or owner who regrets all the grit, guts, patience and perserverance they had to put into their business. The hidden wisdom of a meaningful small business is some form of independence – which, in one way or another, also allows a parent or caregiver to involve their family. What a way to train up a child too.

    Lovely tips.
    Thanks a gazillion for being a gracious super fan of ThExtraordinariOnly.💎
    H Emma

    • shelbeeontheedge@gmail.com

      September 22, 2021 at 1:53 pm Reply

      Oh wow, thanks so much for this wonderful comment, my friend! Any kind of independent business venture requires so much hard work from such a personal place, too. But the rewards really are limitless when you have the lifestyle that you want. Long ago, I traded in on the big corporate paycheck because the cost to my physical and mental health was too high for the big city pay! I am so much happier and healthier doing my own thing for way less money. And there is a lot to be said for that! Independence is a huge reason for me to curate my own little ways of making an income. I don’t want to spend my life working for someone else’s dream. I’d rather focus on my own goals, I think! I hope you are having an amazing week!

      xoxo
      Shelbee

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