Starting a business doesn’t require a life time of saving or planning. It doesn’t have to be passed down to you from generation to generation. Starting a business requires some thoughtful preparation and planning that can be done a lot quicker than most aspiring entrepreneurs realize.
Ken Sundheim, contributing writer for Forbes, offers the following tips to get your business up and running.
- Determine your offering and market demand. Decide what you want to sell based on what you’re passionate about rather than what you think will make money. If you love what you do, you’ll find ways to capitalize on it.
- Determine your pricing – If you’re a newcomer, don’t be afraid to price yourself under market. You could always raise your pricing in the future, but when you’re “green” you’re at risk to a client so give them some motivation to use your services. The most profitable businesses that exist today (Walmart, Costco, Amazon) all compete on price while maintaining quality.
- Determine how long it is going to take to make your first sale – If it is going to take 6 months to initiate a sale, have a year’s worth of income to live off of. When it comes to budgeting, always play it cautious when it comes to starting a business.
- Determine your differentiators – Besides price, how does your product or service differ from competitors? Keep in mind, if you learn how to sell and become an expert at what you do, you can be the differentiator.
- Determine marketing – Make it simple and put up a website and Facebook page. Read about PPC and SEO to optimize your web presence.
- Learn how to sell – The best sales strategy is to listen. Listening to what your clients are asking for and what they are saying to you to drive a successful business.
- Learn how to execute and finish the job – Put a set, organized process in place to take the service or product from start to finish in a predictable manner that yields the desired results.
Seven logical steps that — when coupled with the services that Heritage Office Suites provides — yield big results for you and your business. Heritage Office Suites is Round Rock’s premier workspace solution. Our full-service office space and virtual office solutions provide your business the space and place to do business while our executive support staff provide live phone answering service, call forwarding and screening, reception services, mail receipt, and a host of other administrative services.
Starting a business has never been easier! Give your business the best start possible with Heritage Office Suites. Visit us on the web at www.roundrockoffices.com or call (512) 377-9010 to learn more.
Source: Forbes
