Be sure you like the town or village, and it can support your ideas.
Avoid the start-up pitfalls by getting off to a good start in a community you like. You can research by reading, the Internet and keeping up-to-date with business magazines and industry journals.
It would help if you also conducted market research through surveys. It will help to ensure you know what is currently available and what your target market wants and needs. What are the gaps in the market you can fill?
From your research, you will more than likely come across your initial customers, and what a bonus that would be. You might also uncover a better Business Model and people and organisations you can put into your Value Chain.
Build one brick at a time, don’t get ahead of yourself.
Building the foundations for change in your career is best done one block at a time. If you want to see a difference in your future, you make a start by changing your mindset. It’s time to break free of your comfort zone and the status quo.
So what is a brick? Start by addressing all the main functions of a business, planning, operations, marketing, relationships, health and well-being, management and finance. There will be five or six critical bricks in each function.
A block can mean identifying one specific piece of your proposed business and spending the time to master it and focusing intently on one aspect at a time until you’ve internalised it.
You have probably made dozens of resolutions over the years when it comes to having your own business.
Most of the time, these hopeful aspirations fall to the wayside, wither and die, but now and then you stick with one and complete it. One brick at a time: that’s how you build anything, including starting businesses.
Find a practical advisor or mentor to help you bridge the start-up pitfalls.
Having people to support you is one of the best ways you can connect with other ideas, opportunities and businesses who can supply your needs. They will help you to open doors which you didn’t know existed and giving you the chance to find new customers help you get off to a faster start.
When starting businesses seek advice. A practical advisor or mentor will help with your priorities. Starting and running a business solely leaning on your own understanding can be fatal.
Most practical advisors and mentors will also allow you to pitch your ideas, allowing you to establish strong relationships which might benefit you. One of the reasons you should start networking is it will enable you to find an advisor or mentor to guide you through the start-up process and offer help if your business runs into problems.
Hire the right employees and volunteers and avoid start-up pitfalls.
As a new business owner, one big mistake you can make is to grab the first person to come along. If you need expert skills in business that you do not have yourself, consider hiring employees and volunteers with experience in those skills.
It will enable you to delegate tasks to others who can boost the quality and efficiency of your business, leaving you to focus on the elements which are the most critical.
If you want to attract the best employees and volunteers, then be sure to have the technology and other resources they will need available to them. It is often small things in our business routines which make the most difference. Adopt best practices in your hiring:
- Define the job before hiring anyone
- Plan your employee recruiting strategy
- Design an induction process
- Use a checklist for recruitment
- Don’t rush, review credentials and applications carefully
- Prescreen candidates and ask the right questions
- Check backgrounds and references
I have written a book on how I started my first business at age 23. It contains the good the bad and the ugly covering the mistakes I made. Don’t bury your mistakes, learn from them and the mistakes of others. If you would like a free copy to let me know, go to; https://faqsupport.com.au/support/
“The best start-up business idea is one which matches your unique background, experience, and preferences with something people want and need, want. It’s about you and your customers, not the idea of a new business”. Peter Sergeant
“Some young people start their first business while still at school, while others start their first business when they retire”. Peter Sergeant