My Thoughts on Business After One Startup Year

Well, Velocity Digital is one today! I can’t believe it! I’ve worked with some amazing clients and partners over the past 12 months, and I have to thank each and every one of them! My quick thoughts on my first year in business and some tips:

  • I’ve learned more in one year that I have in the rest of my career combined
  • Pricing is hard, very, very hard
  • There are people out there that want you to fail
  • But the majority will be rooting for you
  • It is ok to make mistakes (I’ve not made many, but the key thing is being able to fix them)
  • Clients love a no-bulls*** approach and they should be prepared to be on the end of ‘spade is a spade’ approach. This works both ways!
  • Getting paid can be a drag, but professional invoices help!
  • You need to be prepared to shift your business functions in order to meet demand – Velocity is now quite different to my initial vision
  • If you expect praise, forget it, and never seek it
  • Always be ready to learn from your clients
  • Learn you client’s industry inside out, if you don’t you’ll struggle to offer the best solutions
  • Often the best projects are the ones you thought you’d get no satisfaction from
  • It isn’t all about satisfaction
  • It is the best choice I’ve made. The ability to do things your way without influence from above (not god!) is amazing

Just a slice of my thoughts! I had a party today, check out the wild, behind-the-scenes footage in the video below:

You can find out more about Velocity Digital here or read my latest social media, digital and content marketing posts here – Follow @mike_mcgrail

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