Do you have an idea that you think could become something bigger than yourself? Most people who have started their own companies say they did it out of love. Is there something you are passionate about that you feel has business potential?
Startup company owners say that’s the key. Going to bed happy and waking up excited to head into work. Here are some tips on how to love what you do. The unfortunate statistic is that 71% of new businesses will fail within ten years. Here’s how to make sure your company can beat those odds and stay successful for years to come.
Make a Business Plan
Those who come into their own when starting up a business have a clear business plan. With this blueprint and your forward-thinking, you can get a loan or find investors who share your vision. It can all come to fruition through proper planning.
It’s easy! Outline what you want to do and how you want to do it. Business plans usually outline the first 3-5 years of a company’s life.
Surround Yourself with the Right People
Yes, you know your vision; it’s your dream. It will be a small team at first, but you need to ensure everyone shares the same long term goals. Remember, you have to see these people every day, so it’s important for you to surround yourself with like-minded people. Your priority should be a lawyer, an accountant, and financial advisor.
Location, Location, Location!
No matter what type of business you’re starting, location is key! It doesn’t matter if you work at a coffee shop, an office, or a store. You need to ensure you have space that is functional and accessible. When it comes to things like the building and parking, it’s better to buy; although buying is more expensive in the short term.
Create a Website
While creating a website may seem daunting, it’s not that hard. It is also great to advertise on mediums that are easily accessible to people, like local search results which you can top with the help of YEAH! Local. People use their phones for everything, so why not create a site and social media, and find potential clients where they are already spending their time.
Don’t forget to rest and relax every once in a while. If your working from home, don’t feel the need to throw on a three-piece suit. Why not wear these comfortable neon trees patterned shorts instead? They have multiple pockets, are made from a microfiber polyester blend, and have an adjustable wasteboard, allowing you to blend style and comfort.
You Can Do It! There’s no stopping you from fulfilling your dreams of working for yourself! If you have a great idea, run with it. There are so many opportunities out there for entrepreneurs, so why not try to make your dream a reality. If you have a new and exciting idea for a product that fills a niche, go for it!