You can sit down and brainstorm business ideas and plan what you think is perfect. But no business idea is unique and no plan is perfect because no one knows what will happen in the future. Imagination and thoughts are always rich but not all thoughts can come true.
Business is like a sport, before playing football, running athletics…you need to start up, so is business before starting a business you need to warm up first otherwise you will be exhausted or even injured right away. when the new game begins.
It is important to identify the right reasons to start a business. And see if you’re ready to take the first steps on your entrepreneurial journey. Here are the secrets to starting a successful business.
1. Do what you love
You will spend a lot of time and effort starting a business, starting a business and growing it into a successful business, so it is important that you really love what you do, for whether it’s teaching how to fish, making pottery, or providing financial advice. Because if you love and are passionate, then you can be dedicated and creative, you really understand what you are and have to do, are ready to accept challenges and do not back down when difficult.
2. Do not do business alone
You need a support system when you start a business (and after). A family member or friend to whom you can pitch your bold ideas, who will listen and empathize with businesses just starting to emerge from the crisis, is a great source of encouragement. price. Even better, you can find a mentor or, if you qualify, participate in programs designed for startups like self-management. When you are starting a business, having a mentorship experience is the best support system for all problems.
3. Write a business plan before starting a business
The main reason to make a business plan is because it is a reminder compass, helping you navigate the right things to do, not confuse the process, avoid wasting time and money unnecessarily. . Remember, you don’t have to work through a full-scale business plan for each new business idea, but work along a specific path outlined in the plan – a smart business plan. Smart, creative and fit your model.
4. Finding customers is the first important job
Don’t wait until you’ve officially started your business to take notice of these business secrets, because your business cannot survive without them. Build a network and get in touch with potential customers. You can sell or even give away your product or service in the beginning so that customers can judge the quality of the product because you can’t start marketing too early.
5. Do the research for a favorable start-up
You’ll do a lot of research writing a business plan, but that’s just a start. When you are starting a business, you need to become an expert on your industry, products and services. Joining groups or professional associations related to your field before starting a business is a valuable idea.
6. Get professional help
On the other hand, just because you’re starting a business, doesn’t mean you need to be an expert at everything. If you’re not an accountant or bookkeeper, hire someone who specializes in that area (or both). If you need to draft a contract, and you’re not an attorney, hire them. You will waste time and possibly money in the long run trying to do things yourself that you are not qualified to do.
7. Reasonable borrowing is not bad
Save, if you must. Reach potential investors and lenders. Outline your plan for downsizing your finances. Don’t expect to start a business and then go to the bank and withdraw money. Traditional lenders don’t like new ideas and don’t like businesses that don’t have a proven track record.
8. Professional right from the start
Everything about you and the way you do business needs to exude professionalism and seriousness. That means customers should receive all things professional business cards, business phone and work email addresses, and treat all customers with courtesy and professionalism.
9. Complete legal and tax matters right the first time
You have to pay attention to these things from the start because it will be more difficult and expensive to deal with a mess later. Does your business need to be registered? You will have to contract employees, pay insurance, fully handle compensation and payroll taxes. Worried about how the form of business you choose will affect your income tax situation? So find out your legal and tax responsibilities before you start your business and operate accordingly.
10. Customers Can’t Tell You What They Need
Customers often don’t know what they need until you tell them what they want. You let customers know what they need instead of waiting for customers to tell them what they need and you start making that product. A product is useful tell them your product is necessary for them.
11. Experts don’t know anything
As an entrepreneur, you have to learn everything by yourself, don’t depend on others. Let the experts listen to you instead of you having to listen and work according to the experts
12. The bigger the challenge, the higher the result
When you put in a lot of effort to overcome great challenges, you will surely bring high results. Back when the iPhone was considered a huge technological challenge, it took countless hours of hard work to achieve this.
13. Always Innovate
Times are constantly changing, what is suitable for today is not necessarily suitable for tomorrow. Must always innovate accordingly, avoid boredom. Never know satisfaction always changing to reach the highest threshold.
14. The question is whether it works or doesn’t work
You are a leader you are always able to defend your point of view but when you listen to all the views of the people and are willing to change your opinion when it is more effective.
15. Value is different from cost
Each product has a certain price, the value that they have is much higher. Those values include luxury, outstanding class, user-friendliness, high performance etc. You need to care about the value that the product receives, not just the price of the product.
16. Good people need to hire good people to develop
During the difficult start-up phase of a company or during critical phases, it will be necessary to hire the best people. It is a survival instinct to aim for the best quality for the product.
As the company grows and its finances become more stable, powerful people will tend to hire people who are not as good as they are to secure their positions. These type B people will hire C type people and this will cause the quality of work for the whole company to seriously decline. The lesson here is to hire only the best, and if possible, hire people who are better than yourself.
17. A CEO can really be a role model
If you are a leader and you have a product, you are responsible for presenting your product. Even if you are not a perfect presenter, the person who creates the product is the one who can talk about it most passionately.
18. A business really has to launch a product
Don’t wait until there’s a “perfect” product. But that doesn’t mean it’s a crappy product. There are always breakthrough products but there are still things that are still in there but we still release it and fix the problems that still exist.
19. There are things that need faith to see
If you don’t believe, nothing will happen. If you wait until you have proof, that will never happen. If you wait until the customer reviews, that will never happen. You have to believe in what you’re doing, if you don’t believe in it, it’s easy to get discouraged and give up.
20. Should use business support tools
One advice is that you should use business support tools, for example, today’s retail businesses prefer to use sales management software to support work. Thanks to that software, stores can save time and money for warehouse management, goods management, staff reduction, service style also becomes more professional. Currently, science and technology is developing strongly, there are many modern multi-functional software born, please search and choose which tool is suitable for your model.
Following these startup tips will get you started on a smoother, less stressful business process and go a long way toward ensuring the business you start lasts and thrives.