Would you love to start a business of your own, but worry you don't have the money to get it up and running?
These days, you don't need a lot of capital to start many types of businesses. As long as you've got a solution to a real problem that enough people need and a burning desire to bring it to life - you've got a platform for success.
Of course, when you're starting out, it's important to be frugal and test the waters before investing too heavily.
Here are some handy tips to help you start your business on a budget and the road to riches.
One of the major reasons why many start-ups fail is the lack of a clear plan for finances. Once you decide to start a business, you should draw up a budget to have a clear picture of the expected inflows and outflows.
While creating a budget, keep the following in mind:
You don't really have to start working from some fancy premises. Your study, spare bedroom, garage or basement are fine for everyone but a street front store. After all, it worked for the guys from Amazon, Apple, Disney and Google.
If you want to separate yourself from home, think about co-working and desk sharing spaces that offer all the facilities and meeting space you need without the expense of renting your own office.
Once you're steady and start growing further, you can start thinking of buying your own premise.
Hiring staff is a costly, time consuming expense. But there are some jobs that it's better to leave to others so you can concentrate on the main business.
Using a virtual assistant may be the answer. Depending on their expertise, the can often handle tasks such as:
You can use a VA as and when you please, with no restriction on timings.
You'll find many VA services online. Compare, bargain and check customer reviews before you make the final call.
Most people look at websites to research companies and owners before meeting or doing business. So, you should get your website up even before your actual business starts.
A good website should:
And, of course, be affordable for someone starting out.
Marketing is an essential part of your business growth. However, in the beginning, you don't need to invest in big marketing campaigns and programs.
Instead, you can make use of low-cost marketing option such as:
Get your business cards ready to hand out before you start meeting clients and suppliers. There are an amazing array of options to match your brand and personality.
Your business card should:
Finally, good luck! And if you need any help or advice with web design, graphic design or printing on your way to the top, drop in and see your local Snap Centre team.
|Tags: Business Marketing|