Adam Quirk in Business Visions, Goals, and Accomplishments - Healthy, Business Strategy, Business Consulting Global Investigator • Facebook Apr 15, 2020 · 1 min read · ~100

Advice For Starting A Small Business

Advice For Starting A Small Business

So you are starting your own business, this in itself is a hard thing to do. You are becoming your own boss in a field that you are considered an expert in, but what do you know about owning your own business? Most people who have started their own business say they would do it all over again if only they had known these key things first. 

Develop Your Message

What service or products are you providing for your customer and what are they willing to pay for the product or service?  This is most often referred to as the value proposition. You’ll also need to ask the question of why will your business be more successful than other businesses offering the same product or service, and will your business be operationally and financially successful?

Focusing on your customer and understanding the market 

There are a lot of companies that do not possess good products or services and there are no firsts to markets but they often are more successful because they have conquered marketing and sales online. Research the demographics of your customers and what their buying habits are. You can also watch your competitors and talk with similar businesses to yours. If your competitor is online go through their website and social media to find out if you can change or make things any better compared to your website or business. 

Small to grow mighty

If you find yourself self-funding your business, oftentimes this can help you create a growth story and might cause you to break up your products and/or service offering into smaller chunks so that you can more easily fund the early stages to get traction, repeat business, and experience. 

Understanding your strengths and skills, while also managing your available time 

When you start your own business knowing when you should contact someone like a lawyer, accountant or an insurance agency will depend on how quickly you are planning to grow your business… The organization Constant Contact offers multiple ways that you can have professional assistance or want help in kickstarting your online marketing efforts. 

Advisors and mentors

Surrounding yourself with others that have also started their own businesses or advisors that can help you to answer your questions can often help you to tackle some of the biggest obstacles that you might have when first starting. No one can have all the knowledge or even experience when they are first starting. Gaining a perspective from others to know about what their experiences are may help you to better mitigate struggles later on.