How to start your business
His Work / / December 26, 2019
Many aspiring entrepreneurs are enthusiastic. But the realities of business quickly cooled the ardor: on the road to success a lot of difficulties. "If I had known earlier, I would have acted differently," - such recognition often come from the lips of people who started their business from scratch. If you are among them, then read this article to the end. David Johnson, Operations and Chief Financial Officer Fireman's Brew and graduate business school (USC Marshall School), will tell you what should be remembered novice businessmen.
At the root of every successful company stands once taken a bold decision.
Peter Drucker
Get ready, aim, fire!
Many businesses, unfortunately, did not reach the third team from this catch phrase. They carefully build a business strategy to seek resources, but did not go to the real action. When constantly it seems that the market is not ready, and wait for the right moment, and can stay in place, after waving stuffed bumps, but moving ahead competitors. All make mistakes, but mistakes can be corrected. What can be done is to return the lost time.
high expectations
There is a rule concerning investments, income and achieve breakeven, All these things will require twice as much money and time than you realize. Be bold and think positively - this is normal. Moreover, you would not be an entrepreneur if it did not think so. It is important to plan for success, even if you fail to invest in full. After all, what's wrong if you get more than they expected?
Attracting money requires a lot of work
We have all heard stories about how beautiful the entrepreneur received a multi-million dollar venture capital investors are sketched his idea on a napkin in a cafe. But the truth is that it is much more likely to beginning businessmen take off angle with friends, eat instant noodles and save every ruble, to put it in business. Do not despair if you have not yet met your "Golden Antelope" in the form of an investor. Continue to work hard in this direction - over time your work will pay off.
Service Provider ≠ investor
Not all investors are trustworthy. Many do not want to invest in your company, but simply seek to promote their services. Are you sure that you need a consultant on international law or a certified auditor, when the boat of your business just sail? Remember, your time is priceless. Use it wisely, meet with people who are really interested in investing in your project.
Networking
When a business is in its infancy, the special role played by building and strengthening professional relationships. No matter how good your product is, and no matter how brilliant was not your marketing is, at first networking brings much more benefit. Visit niche exhibitions, participate in conferences, meet with people and try to be useful to them. You'd be surprised how many doors open to you. Businessmen are more willing to consider business offers people with whom they have already crossed that are proven and being talked about in their surroundings.
"Rent" brains
a person's success is not always equivalent to its intelligence. The truly successful are those who managed to accumulate around him smart people. Try to employ the best professionals, even if for the sake of it will have to give up his own salary. Good staff - the locomotive of the young company rapidly accelerating the pace of its growth.
Roller coaster
You will be very successful and unspeakably bad days. Business like a roller coaster - the rise inevitably replaced by recession. The good news is that the opposite is also true: to replace the problems and troubles come new contracts, the successful transaction and so on. It is important all the time to move forward.
And why should not rest on its laurels for too long. Need to enjoy success and praise yourself and your team for it, but do not forget that in order to grow more on the step, it is necessary once again to work hard and overcome difficulties.
Enjoy the process!
Doing business, you get valuable experience. You'll have a lot to learn to know themselves and people with new faces. Believe me, few find the courage to start a business from scratch. No matter what stage of growth your business is located, look back and appreciate what reached. Progress will motivate you to further activity. But the main thing - Learn to enjoy the process of achieving this progress.