Setting up a new business involves facing your fears and overcoming numerous challenges – not least finding the balls required to get your venture off the ground.
Having the dedication and tenacity to turn your dreams and ideas into reality requires positive action to make it happen, but the fledgling business owner should be wary of procrastination creeping into their thoughts.
Admittedly, starting a new venture can be a nerve-racking experience, with worries about cash (or lack of it) and finding the appropriate staff or premises causing the more cautious among us to live in fear of the unknown.
However, our top tips (below) offer a warming slice of invaluable instructions to ensure your new business hits the ground running …
Do what you love, love what you do
Confucius once quipped: “Choose a job you love, and you will never have to work a day in your life.” Admittedly, this is good advice. Considering the time, energy and devotion you will need to plough into making your business successful, it makes sense for it to be doing something you enjoy. Whether that’s the case after 10 years in the industry, however, only time will tell …
Find the perfect premises
Choosing the perfect premises is much more than finding a great location. Although that is undeniably important, you should also take the time to scout the building’s infrastructure. Determine whether it’s powered by gas or electricity (which may require the AMR services to be looked at and, if required, upgraded) and ensure it ticks all the right boxes before you sign up.
Start a business while you’re still employed
As you make your independent foray into the business world, it’s unlikely your firm will set the heather alight with bank balance boosting profits in the first couple of years. Consequently, it’s wise to try to build the business while still in full-time employment, which will allow you to use your salary to relieve cash flow problems, for example.
Right from the off, it’s crucial that your company conducts its business in the most professional manner possible. This means you need to invest in the various items of paraphernalia associated with a business, including business cards, a telephone number and email address, and earmarking a part of the budget for your marketing efforts to make folk aware that you’re up and running.
Remind yourself why you started
Starting a business is tough – that much is obvious. But when things seem to be getting on top of you, it’s important to remind yourself why you started the business in the first place. This should inspire positivity, banish negativity and keep you on track to create a firm that will flourish for years to come.