1 Year In... What I Have Learned Owning My Own Business.

February 17, 2020

1 Year In... What I Have Learned Owning My Own Business.

Hey Outlaws!

Welcome back to the blog! I am so excited to be bringing back the blog this year! As you can see from the title, this blog is all about what I have learned since I became the owner of Urban Outlaw.

Disclaimer: this is more a boutique boss/ entrepreneur/ business owner type of tips, but can be applied to anyone's life!

February 27th, 2019 was a huge day for me. It marked the first day of my new chapter. I went from store manager to store owner! I am so grateful for the opportunity to be a small business owner. However there has been SO much that I had to learn quickly. To sum up this year has been a roller coaster of emotions and learning experiences. 

Like I said I started out as the manager for Urban Outlaw for almost 2 years prior to me purchasing it. I thought I had learned the ins and outs of a business, but there are things you won't know until you become a business owner. So I wanted to bring you some tips that I have picked up along the way, so that you can learn from my struggles. 

Tip #1: Don't bite off more than what you can chew! When you jump into a business it is so easy to jump in head first and try to do all the things. For a boutique owner in particular it is so easy to get swept away with the "fun" part of being a boutique owner, which is the shopping. But there is so much more than that. From running reports to advertising there are so many things to do all the time. For me after running around like a chicken with my head cut off for a year, I am learning to slowly tackle tasks one by one. 

Tip #2: Kind of stays with the theme of Tip #1, that is to stay organized! Knowing where your time and money is going is SO IMPORTANT!!! If you don't know where your money is you are just throwing it into a black hole and will wonder why you are not successful. My biggest "trick" is the boutique boss planner. This planner is my favorite new thing ever! It has so many sections allowing you to track your sales, put in goals for yourself, business and so much more. This planner has allowed me to gain control of my goals and keep them all in one place rather than in 10 different notebooks or in my phone. ( https://boutiquebossstore.com/products/2020-boutiqueboss-planner?variant=31311407349869 ) 

Tip #3: Your mental health matters! I tend to burn the candle at both ends until i crash. I am someone who has a hard time shutting off my brain. So I sometimes (well a lot of the time) forget to take care of myself. It is so important for you to take time each week (or even each day) to do something that relaxes you or makes you happy. For me i love getting my nails done every 3-4 weeks. I love how girly it makes me feel to have my fake nails. More recently I have found myself falling in love with facials, 60 minutes of bliss where you don't have to do anything but relax. 

Tip #4: Invest in learning! Two of the best things I have done is join a boutique community called The Boutique Hub, a place for boutique shoppers, boutique owners and brands can come together to share advice, tricks, and support to each other. The "hub" has so many incredible training videos in their "training library" that teach you everything you need to know to be a successful boutique owner. They also provide annual training's at their boutique hub summit, western summit and at the Dallas, Atlanta, and Vegas markets. The Hub has a great facebook group for shoppers who love to support boutiques. (Check it out here : https://www.facebook.com/groups/BoutiqueFavoritesandDeals/ ) 

The second thing I invested in is The Weber Co's "Brands That Captivate" a 10 week group coaching program. Steph Weber is the founder of this amazing program. She teaches you all the steps from finding your why to your ideal client and so much more! 10/10 recommend this program. The "Brands that Captivate" program is a once a week video meeting with an additional (optional) 15 min private call with Steph to answer any question you may have or dive further into the topic that you were talking about that week. My favorite week had to have been the content planning week at the end of the program.  Sitting down and taking the time to plan out my next 6 months was stressful but also extremely exciting!

 I am so excited to see what happens in 2020! I have so many amazing things planned from photo-shoots to events to YouTube videos and blogs! I want to say a thank you to all of you who have supported my small business!

 

Thanks for reading!

- Kim

As always if you have suggestions on what you want us to see please email me at kimberly@shopurbanoutlaw.net or DM on Facebook or Instagram. 

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