So, you’re thinking about starting a new business. Your boss is horrible, Sunday afternoons gradually descend into gloomy Sunday evenings with the prospect of trudging to the day job on Monday morning. And a somewhat chunkier bank balance would be nice.
These are just some of the reasons people think about starting their own business. But where the heck do you start? Many people believe the realms of business success belong to the Richard Bransons of this world, but do your self-confidence a favour and have a read of his book – it’s an eye opener!
About growing a profitable business
Nobody is born with the natural ability to start and run a successful business. Starting a new business and getting it right is a matter of trial and error. The key seed to any new business is often an idea, the idea that’s been swilling around in your head for ages and generating thoughts about going for it.
It is a scary prospect going it alone, but for those who succeed, the rewards both financially and in self-satisfaction can be immense. So, to keep this blog short and sweet, here are just a few handy hints to help minimise the pain and maximise your chances of success.
Six top tips about how to develop a new business – Business start-up advice
- Make sure your idea is as interesting to others as it is to you – a bit of early market research can help gauge interest in your proposed business.
- Pick the brains of somebody who has already done it – they can help you avoid many of those common pitfalls.
- Engage with an accountant or good book keeper early in the process – these guys will always save you more than they cost. Turning up at the end of your first year with a box of receipts and invoices and HMRC breathing down your neck is a very bad idea
- Learn about marketing or find somebody who can – many great businesses with great potential have failed because they haven’t bothered to familiarise themselves with how to sell their goods, or found the expert support they needed
- Treat your customers like gold – a happy customer is many times more valuable than any glossy advert as they will come back to you time after time and happily recommend you to others
- Every day, from day one, believe in your heart of hearts that your business is already successful and thriving. Don’t hope or wish for it, feel it like its already there. Always use the word “when” in place of “if”.
So, go for it, follow your dreams and enjoy your work, it’s far too big a chunk of your life not to!
Best of luck. If you’re thinking of starting a new business, let’s chat about how my business growth services will support your future success.