Hey, Tilly here. I use to have the worst luck when it came to starting up businesses. It took some time but here I am to share with you some tips on how to be a success. I will be posting about once a week for seven weeks. You can stop by for some ideas on what products to invest in or just for some tips on how to jump start your business to make money! My first blog is just about the 10 tips to start a business.
Top 10 Tips For Starting A Successful Business:
1. Do What You Love- You’re going to put in a lot of time and energy into starting a business and building it into a successful enterprise, so it's really important that you do something you care a lot about.
2. Start Your Business While You’re Still Employed- It is going to be really hard for you to live on little to no cash if you quit your job and then start your business. But rather, it is better to start your business in your spare time. It will still take awhile to make any kind of profits.
3. Don’t Do It Alone- You will need someone that supports you with your business such as a friend or family member. You need someone that will listen to your latest crisis and be there to celebrate with you when you are a success.
4. Get Clients Or Customers First- Don’t wait until you’ve offically started your business to line these up, because your business can’t survive without them. Start networking and make the contacts. Sell or even give away your products or services because you can’t start marketing too soon.
5. Write Up A Business Plan- The main reason for doing a business plan first is that it can help you avoid sinking your time and money into starting a business that will NOT succeed.
6. Do The Research- You’ll do a lot of research working through a business plan, but that’s just a start. You need to become an expert on your industry, products and services, if you’re not already. Joining related industry or professional associations before you start your business is a great idea.
7. Get Professional Help- On the other hand, just because you run a small business, doesn’t mean you have to be an expert on everything. If you’re not an accountant or bookkeeper, hire one (or both). If you need to write up a contract, and you’re not a lawyer, hire one. You will waste more time and possibly money in the long run trying to do things yourself that you’re not qualifed to do.
8. Get The Money Lined Up- Save up if you have to. Approach potential investors and lenders. Figure our your financial fall-back plan. Don’t expect to start a business and then walk into a bank and get money. Traditional lenders don’t like new ideas and don’t like businesses without proven track records.
9. Be Professional From The Get-Go- Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the necessary things such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner.
10. Get The Legal And Tax Issues Right The First Time- It’s much more difficult and expensive to unsnarl a mess afterwards. Learn what your legal and tax responsibilities are before you start your business and operate accordingly.
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