Starting your own business is always the hardest part, but if you don’t have a strong foundation for your business, running it can be your greatest nightmare. Some of the business owners tend to focus too much on what they really want to get from their business and forget what their business really need which is a lot of input from the owner. The way you treat your startup business is going to set a pattern for its future growth. All of us have dreams but to see real business growth, we need to align our personal and business goals. In the initial stages, the young business tends to be struggling as it tries to find a place in the market. But struggles usually pay-off.
Here is a post, which most young entrepreneurs would like to check out as well “7 Surefire Ways to Increase Your Email Marketing Profitablility”
Knowing that you can’t stay long as a startup business, you can’t just tell people that you are ‘just a startup’. They want your business to step up. So,here are a few tips to keep your eyes on the prize and your business in steady growth:
1. You need to Delegate
During your startup phase, it’s okay to do the entire job since you don’t have enough employees to work with and usually there are only a few jobs to be done. However, you can’t stay as a startup business for long and since you want to have a successful business your business needs to have long-term goals.
The first thing you need to do is to invest in people who can help you do the jobs that you can’t do anymore. Investing in people can help you save time and use that saved time to do other important things such as finding new clients for your business and focusing on the growth. You should not be afraid to invest in your people, as trusting your workers plays a big role in having a successful business.
2. Invest in Training the Employees
If you are afraid to delegate the important tasks to your people, then you should spend time in training your employees. You can spend a few months training them until they have mastered all the methods in getting the job done. Businesses that offer training tend to have better workers and great results compared to businesses that don’t.
3. Pick Your Battles
Don’t spend too much time dwelling on things that you can’t fix just yet. Instead, ask some of your workers to do the research and find solutions to the problem while you do the things that can be done and complete it as soon as you can. You need to know that there are people that can do the job that you can’t do and you can also do other things that they can’t do. This is the power of teamwork. The best way to make money is to utilize your employees’ talents.
4. Get Attention From Prospects
So, you are a startup business and your goal is to become known by the consumers. Your most important task is to get attention. You can tell the consumers that you are the best in the businesses, but can you prove it? You can tell the consumers anything you want to but you also need to prove that you can do the job. You will definitely have critics along the way but you can’t just quit because of them. Critics will help you be the best.
5. Change Your Pitch
People may already know that you are a small startup business but that doesn’t mean you should lose your confidence. People will trust you if they see that you are confident with what you are doing. Instead of saying “I own a small catering business”, tell them that “I own a catering business and we offer services like no other” You need to sell them and they need to hear how confident you are with your services.
6. Put Yourself in the Customer’s Shoes
The first thing you need to ask yourself is, would you buy your services or products if you were one of the customers? If you think you won’t then you probably should start improving or developing new methods to help your business succeed. You will surely find ways on how you can improve your business strategies on the Internet or by asking feedback from your current customers.
7. Reducing the Risks
As we all know, there will always be a number of risks that we have to take whether we are opening a startup business or by taking a new job. We can’t eliminate it but it can be reduced. It is impossible to control everything in the business but there are ways to limit the threats that may come as the company grows. This is why having a business plan and operation plan would be very helpful upon taking the steps in your startup business.
8. Be Ready for Changes and Adapt Them
The best thing that a startup business can do in order to succeed is its ability to switch directions as quickly as required. Changing the business’ direction could follow the changes in the market. The business owner and its people can’t dwell with the problem but they can always come up with the better solution to the market problems. Being able to adapt to the market changes can help you cope with the different problems you could be facing in the future.
9. Invest in Yourself
This may sound cliché but it’s always important to invest with yourself such as attending seminars that are related to your business as this would be helpful in developing your business strategies by hearing fellow business owners’ methods and experiences. In this way you could also gain new friends and even customers along the way.
10. Always Think Ahead of the Game
While agility is a very important aspect for a startup business, you can’t just fly by the seat of your pants when you are running your business. You should be able to plan the next step even if this means that you need to anticipate all of the possible scenarios. This is the best way to stay grounded and secure as your business evolves.
Of course it wouldn’t hurt to hear from your mentors. Your mentors would always have something helpful to tell you – whether it’s a compliment, critique or some ideas. You should be open to all of these, as these will always be part of your daily operation.
If you still have time then do the stuffs you love; go out on a date or spend time with your family; socialize with your friends; and do some exercise. You will still need time for yourself, so you need to schedule it once in a while. It’s always important to balance your work and personal life. If you are not good at working on a schedule, set your working time, family time, and relaxation time and stick to them.