• 2022-06-20

There are more important things than money than coming up with a good idea to start a business, and there is no better person to seek advice on how to launch a startup than from successful entrepreneurs. In a report published by the American "Business Insider" website, writers Alana Akhtar and Emily Kanal said that starting a business requires not only money or even a good idea, but there are many simple things that you should pay attention to before you consider yourself an entrepreneur . Here are the top tips on how to start your own business, according to successful entrepreneurs. Find out how the company will finance In order to start a business, you need sources of funding for licensing, equipment, software, legal fees, operating expenses, etc. In this regard, businessman Jason Demers said that you can consider financing your company from outside investors. Potential sources include your friends and family, venture capitalists, or crowdfunding Moreover, you can also think about self-financing your company, and not giving away ownership of your project to others easily. Entrepreneur Brenton Hayden has made it clear that self-financing gives your product or service time to gain traction and popularity, and when you can demonstrate to investors that the influx of new capital is clearly going toward milestones, then you should look for financing. I have a good team Citing Slice CEO Elir Sella, the authors explain that having a team of people smarter than you can help you expand your business and transform the company. On the other hand, Ben Anderson, founder of “Amino” applications, said that collecting data from a variety of people contributes to making informed decisions and a more dynamic organization, and explained that “you should collect diverse data from people with diverse backgrounds and perspectives that will help you Looking at problems from a new perspective. Find your specialty Before Mallika Holloway launched her communications agency Official Mallika Group, she created multiple sources of income by writing articles, auditing, training freelancers, and promoting herself with brands, and later realized that all of her freelance work indicated that she was a good communicator. "Everything I did back then, and what I'm doing now in my work is about communication," Holloway wrote in 2018. In fact, her work currently focuses on ways to teach others about her area of ​​expertise, and she also accompanies other small business owners to showcase their expertise through workshops, become brand ambassadors, or create online courses. It is not enough to deal with one accountant The two writers, quoting Nicole Rollander, a small business owner, noted that when she established her limited liability company, she hired a hypothetical accountant at a small cost, but this hypothetical employee ended up corrupting her tax forms, forcing her to pay additional amounts. Then she turned to a local accountant who was familiar enough with the forms and regulations related to her particular financial situation, that he even helped her get her money back, so Rollander advised that whether your company is local or not, you should have information about small businesses and the models and regulations related to your situation. Come up with a clear marketing strategy Rollander recommends that you don't stop marketing and spend at least several hours a week promoting your company. The first time you stopped marketing, you lost many customers and had to spend several hours a day bidding to get 4 new customers. She also stressed the importance of marketing because building relationships can take weeks or even months before customers start buying a product. be flexible Four years after launching the dating app, Hinge, Justin MacLeod made the crucial decision to completely restart the app by removing the swipe feature to attract users interested in serious relationships. on commercial activity. MacLeod added that sticking to the same way of doing things as the company continues to grow and the market continues to change would be disastrous. seek notes It would be wise for business owners to solicit feedback and constructive criticism from their clients. For example, ask early customers, friends or family members to test your product or service, and see if they have any repeat feedback, it could mean that there is a way to improve your offer before it hits the market. In addition, make sure that your company is available to communicate with all customers, this can be as easy as encouraging people to send a message through social media platforms or as complex as the form on your website, in either case, you will discover what customers like and dislike in your work. Don `t give up The founders of Maui Brewing, which won People of the Year in 2017, Garrett and Melanie Marrero, link their success to their unwillingness to give up. The two faced a number of obstacles during the early days of establishing the company, knowing that they invested their own money in this project, and they had no other choice but to continue the pursuit. "This almost turned into a fight, but we struggled really hard to make sure it was a success," Garrett said. Start working on your project It's hard to plan for the challenges your company might face in 5 years or even 2 years. Instead of spending a whole year working on models or developing ideas, AUrate founder Bushra Al-Zahrawi advises starting work on the project. * Source | Al Jazeera Net