It is quite difficult to know when is the right time to launch your own business and achieve your long life dream. But fear not, a group of small business owners who have been in the situation has some helpful tips to offer that can really help you in succeeding in your goal. Here’s a list of must do’s.
Make sure that there is a demand for what you are offering
Keven Gindi, who is a confounder of Cheeky, said that before starting a business, test the market for demand. Rather than spending without thinking, test the waters for demand.
Get the right credit card
Melanie Travis, CEO of Andie, advises buying the right credit card that gives the best travel advantage points and adds everything that you could do on a credit card. This means that buying a credit card that can be used anywhere and offers low-interest rates.
Make a concise business pitch
Alison Cayne, founder and CEO of Haven’s Kitchen, advises stating the nature of your business in one clear sentence as it will really help the business to grow.
Make your own deadlines and stick to them
Kerrigan Behrens of Sagely Naturals has a view that self-imposed deadlines are the best way to being committed. Setting deadlines for starting a business, strategic planning, and self-discipline are key to success.
Make a 3-year plan before the initial launch
Alison Cayne of Haven’s kitchen says that a three-year plan is mandatory before the initial launch of the business. You should be sure that the money you have will cover all of the expenses, future costs, repairs, and purchases for the next three years.
Fatima Collins of Ten little says that it isn’t easy to start a business, and more often, entrepreneurs feel lonely during the journey. Join a communion of likewise business owners and stay connected to them to get the market updates. Talk to them on a constant business to get insights about your business.
Stay focused and don’t be emotional
Margaret Wishingrad of three wishes serial advises the newbies to not overstress and stay emotionally relaxed. Stay tough and bring your A-Game to the ground.
Always under-promise or over-deliver
Dan Gordon, the owner of Dan Gordon Printing, used the statement to enlighten the newbies about the benefits of this old age. People like to hear that their project or item should be quick, easy, and inexpensive.
You should promise that you’ll do that for you. In addition, if you complete the task early, they will likely remember your quick delivery. Be careful about the expectations you are setting.