Starting a business is an exciting prospect for any budding entrepreneur. It’s the chance to do something that you are completely passionate about. While it’s a daunting prospect, many ambitious individuals jump right in with both feet first. While this is admirable, there are certain things you should spend some time considering when starting up. So I thought I would share with you some of them.
Have a strong business plan
A business plan is an essential tool for any new or existing business. It’s the chance to outline your plans, your ideas and put a plan of action in place. It also allows you to consider your budget. This is where things can go wrong if you haven’t made considerations. For many start up businesses, the budget is low or even non-existent. A business plan will ensure you cover all bases. This is also something you can go back to do over the years and develop further.
Using social media to get your business out there
Social media is a great tool to get your business heard. Websites like Facebook and Twitter are free to sign up to. You can consider paying for advertising as well through these platforms which will increase your reach and audience. However, social media is your direct line to your potential customers. So make sure you take full advantage of this. It might be worth considering speaking to someone who is an expert in marketing. Or you could outsource your PR and marketing needs to professionals to ensure you get the most out of this powerful tool.
Consider where you might work from
Sometimes it’s not possible to work from home with a start up business. Especially if you have products to store. You can find that you become less productive with other distractions around you. So try and consider finding yourself a work base that you can either use for your products or work from. You will find you achieve much more in a place you will associate with work. Alternatively, if this isn’t possible try and have a place at home you dedicate to work. Where you can’t be disturbed. A home office would be a great thing, or use one of your rooms that won’t be needed through the day.
How will you take payment for products or services?
Once you have all the fundamentals in place and are ready to start trading, there is one last thing to consider. How will you take payment for the products and services? If you have set up a website, then payment methods like Paypal can be easy to use. However, you don’t want to alienate face to face traffic or people that prefer to deal directly with someone. This is when a credit card reader could be beneficial for your new business.
Finally, it’s easy to get disheartened when starting a new business. You feel so passionately about something that you sometimes don’t understand why others may not feel the same. Businesses take some time to develop; nothing will happen over night. So keep motivated and believing in yourself. If you have the belief it will be a success, then it will.
I hope this helps you if you are starting a new business.
[post contributed for tamarhela.com]