Creating your business requires being correctly structured so that, during the early stages of the said company, you can fully devote yourself to developing your independent activity. We therefore think that the five tips below will help you see things more clearly, the sixth being certainly the most important of all.
Do market research (or have it done) to consider a plan B
Having a business plan is one thing, but it happens all too often that, with our noses in said good plan, we lose the perspective necessary to know if it is really viable. A market study, which will sometimes be carried out by survey on social networks and sometimes in a more detailed manner with the help of a specialized company (but the possibilities between these two extremes are very numerous), will allow you to gauge the viability of the business you want to start. You will better understand the pragmatic constraints of your market and you will project yourself into the future with real prospects for results. If these are not sufficient in your eyes, put your work back into production and consider a plan B.
Don’t underestimate the impact of entrepreneurial activity on your private life
Starting your own business is an extremely time-consuming activity. The entrepreneur does not have fixed hours and, very quickly, you will put an end to this preconceived idea that the self-employed person should work when he or she wants to work. It would rather be a matter of seeing the business manager as someone who stops working when he is given the opportunity to do so. And this is even more true when you start your business. Full of courage, you are convinced that this will not cause you any problems. Congratulations ! However, if you live as a couple and have children, see with them if they are ready to follow you in the adventure and will support you whatever the consequences.
Save time to manage unforeseen events and your mistakes
If we don’t teach you anything by saying that good planning of the steps to be taken is certainly very important, it is good advice to remember that your plan can experience twists and turns. Indeed, during your procedures, you will be confronted with unforeseen events which, most often, will cause you to fall behind in the smooth running of operations. It is therefore preferable, from the start, to allow different margins allowing you to benefit from the time actually necessary to carry out one or the other thing. Same observation when you make mistakes – and like any starter, you will make them – you must make time to restart an action that ended in failure. Did you have any unforeseen events or errors? Good news: you will get a head start in deploying your project.
Learn to delegate
Starting your business is often a very personal process. It happens too often that young entrepreneurs want to take on all the responsibilities. This is a big mistake, because, as the popular adage says, when you want to be good at everything, you are good at nothing. This will bring you two advantages in this adventure that you are undertaking: the first is to know that certain very specific tasks are carried out by people who know their job. Let’s think about accounting and the added value that a good accountant can represent who, from the start, guides you on the things to do and not to do. The second is that you will be able to free up valuable time to develop your core business. There are many solutions available to you that will prevent you from having to immediately hire staff, in particular by calling on independent external collaborators.
Create a business plan and a marketing plan
Certainly, the business plan is now a legal obligation when you wish to create your business, at least in a company. But it is also an important tool that will allow you to stay on course while you are caught in the whirlwind of starting your professional activity. Having clear and quantified objectives is certainly an undeniable asset for regularly checking whether you are holding up and whether your business is developing as you had imagined it would. And if not, it is also a wonderful tool allowing you to make the right decisions at the right time, without wasting precious time. For its part, the marketing plan is just as essential since it will allow you to lay the foundations for your communication with your customers and prospects. In this area, you will face fierce competition and improvisation is not appropriate. A good marketing plan will allow you to be a step ahead and distinguish yourself from your competitors.
Surround yourself with effective people
Our sixth and final piece of advice is very simple: before you start creating your own independent business, don’t forget to seek advice from competent people. Whether it is an accountant, a communicator, a webmaster, a social media specialist or even a business coach… The list could be long, it is essential to take as many relevant advice to make your project a reality. They will allow you to arm yourself against the hazards of life as an entrepreneur and to enhance a personal experience that is enriching to say the least.
Abilliteam has designed a 13-point program allowing business creators to get started in the best conditions. To find out more, contact Horseed News .