Top tips to starting a business
Top tips to starting a business
2. Work out your costs. You must be able to have enough money coming into the business to cover what your product or service costs you to make. If you don’t, you’re in danger of not making any money out of your business.
3. Think of free ways to promote your business. Let’s face it you’ve got enough to spend your money on without spending it on marketing. Think about where your potential customers go (i.e. if your customers are mums, they’ll go to schools, post office, doctor’s surgeries etc) and go where they go.
4. Don’t spend a fortune on a website. Believe me you’ll want to change your website after a few months when you get to know what you’re doing. Spend the money on your website then and get it done cheaply at first.
5. Write a business plan. Too many businesses don’t write a plan and 90% of them will fail during the first 18 months. If you write a business plan, 90% of businesses are still going after the same period. What would you prefer?
6. Be passionate. Your business idea should be something you would happily get out bed in a morning for without being paid. Your passion will come across to customers and everyone you meet and will help you get started.
7. Don’t worry about getting a ‘niche’. Listen, all of us would like to find the perfect idea that no-one else has thought of, but then you’ll need to work hard at telling people what it is because they won’t have heard about it. Competition is good! Your ‘niche’ is all about you – it’s what you’re passionate about that makes you stand out.
8. Forget about other people. Countless new businesses are worried about telling people in case their idea is stolen. But remember 60% of people are sat in businesses right now wanting to start their own business – but, only 3% actually do it. So, even if people think it’s a great idea, chances are they won’t actually set up. Bite the bullet and tell people!
9. Go for it! We’re all a nation of “what ifs” and “it won’t work”. If you’ve done your homework and believe in your idea, go for it! Also, remember that everyone is an expert, even if they’ve never run a business before. Trust your instinct – not theirs.
10. Go on a start-up course (well I would say that wouldn’t I?). But, a start-up course is run by experts who will give you the real answers – not rumours that your friends and family have heard. Our next 3-day start-up course, costing just £99 will be held on the 18th, 19th and 20th February and then every 3rd Monday to Wednesday of each month in Cheltenham. Have a look in our profile to book on.
Good luck.
Top tips to starting a business - To learn more about this author, visit Helen Dowling's Website.
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1. Do your homework. You may think your idea is fantastic and your friends and family have probably told you it is great too, but what do other people think? Test out your idea on your potential customers before you start.
2. Work out your costs. You must be able to have enough money coming into the business to cover what your product or service costs you to make. If you don’t, you’re in danger of not making any money out of your business.
3. Think of free ways to promote your business. Let’s face it you’ve got enough to spend your money on without spending it on marketing. Think about where your potential customers go (i.e. if your customers are mums, they’ll go to schools, post office, doctor’s surgeries etc) and go where they go.
4. Don’t spend a fortune on a website. Believe me you’ll want to change your website after a few months when you get to know what you’re doing. Spend the money on your website then and get it done cheaply at first.
5. Write a business plan. Too many businesses don’t write a plan and 90% of them will fail during the first 18 months. If you write a business plan, 90% of businesses are still going after the same period. What would you prefer?
6. Be passionate. Your business idea should be something you would happily get out bed in a morning for without being paid. Your passion will come across to customers and everyone you meet and will help you get started.
7. Don’t worry about getting a ‘niche’. Listen, all of us would like to find the perfect idea that no-one else has thought of, but then you’ll need to work hard at telling people what it is because they won’t have heard about it. Competition is good! Your ‘niche’ is all about you – it’s what you’re passionate about that makes you stand out.
8. Forget about other people. Countless new businesses are worried about telling people in case their idea is stolen. But remember 60% of people are sat in businesses right now wanting to start their own business – but, only 3% actually do it. So, even if people think it’s a great idea, chances are they won’t actually set up. Bite the bullet and tell people!
9. Go for it! We’re all a nation of “what ifs” and “it won’t work”. If you’ve done your homework and believe in your idea, go for it! Also, remember that everyone is an expert, even if they’ve never run a business before. Trust your instinct – not theirs.
10. Go on a start-up course (well I would say that wouldn’t I?). But, a start-up course is run by experts who will give you the real answers – not rumours that your friends and family have heard. Our next 3-day start-up course, costing just £99 will be held on the 18th, 19th and 20th February and then every 3rd Monday to Wednesday of each month in Cheltenham. Have a look in our profile to book on.
Good luck.
Top tips to starting a business - To learn more about this author, visit Helen Dowling's Website.
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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