• About Us
  • Advertise
  • Write For Us
  • Amazon Disclosure
  • Contact Us
Tech News, Magazine & Review WordPress Theme 2017
  • Small Business
    • Biz Tech
    • Marketing
    • Sales
  • IoT
  • BYOD
  • IT
    • Big Data
  • Security
  • Software
  • Internet
    • Web Apps
    • Social Media
  • Mobile
    • Android
    • iOS
  • Gaming
  • Other
    • Gadgets
    • Blogging
    • VOIP
No Result
View All Result
  • Small Business
    • Biz Tech
    • Marketing
    • Sales
  • IoT
  • BYOD
  • IT
    • Big Data
  • Security
  • Software
  • Internet
    • Web Apps
    • Social Media
  • Mobile
    • Android
    • iOS
  • Gaming
  • Other
    • Gadgets
    • Blogging
    • VOIP
No Result
View All Result
Connection Cafe
No Result
View All Result
Home Business

12 Months Of Business Advice In One Post

Richard by Richard
November 12, 2018
Share on FacebookShare on Twitter

Considering starting a business is one of the most exciting and daunting periods of your whole life. You wouldn’t be doing it if you weren’t confident in your own ability, but you’re also likely to be nervous of the things you don’t know. There are some aspects of launching a new brand, or starting a new enterprise, that can only be learned from experience.

If someone could give you that experience, you’d effectively be starting off ahead of yourself. You’d know what you look out for, what to avoid, and how to frame your mentality as you prepare to start your new journey. If you knew what most people thought, felt and learned during their first twelve months of operation, you’d really be launching your business from Year One, not Year Zero!

That’s why we’ve written this article. We’ve got your back. We’ve spoken to a number of new or recent start-up business owners, asked them what the biggest lessons they learned in their first twelve months of operation were, and condensed them all down into this easy-to-read resource. This is the collective experience of those people.

Do Not Imitate

Unless you’ve got a truly unique business idea – something unlike anything that currently exists on the market – you’re probably launching into an area where you have competition. Whether it’s a financial services firm, an IT company or a graphic design enterprise, you’re doing something that many other people already do. The temptation therefore exists to look at what the most successful brands in the sector do, and take inspiration from them.

Don’t do it. An imitation will be spotted as an imitation straight away, and if you’re a completely new company trying to stomp on the same ground as a major player, you’ll be seen as a cheap knock-off. Plus, as Samsung recently found out, it can be very embarrassing and expensive when you’re caught in the act. That’s not what you want for your brand. Find a unique angle, and base your ethos and ambitions on that. If you don’t have one, don’t launch.

Don’t Beat Yourself Up For Mistakes

Mistakes will happen. Every single business owner we spoke to told us that, and wanted to stress it. You are new to this. You won’t get everything right. Nobody ever gets everything right all the time. Even the largest brands in the world will occasionally make huge errors, just ask Coca-Cola, who still occasionally get mocked for the “new Coke” disaster of thirty years ago.

The most important thing when it comes to mistakes is to refocus as quickly as possible, and work out how to put them right. Accept that whatever’s happened has happened, and move on to problem solving. Starting any new business is a gamble, no matter how much knowledge or support you have within your chosen field. You’re putting your money on the table and backing yourself, just as surely as you’re playing slot machines at Egypt Slots. If you make a bad bet, you don’t flip the table and walk away, you keep on playing so long as you have money in your pocket and you believe it’s worthwhile. Believe your luck will change, and make it happen.

You Are Not An Island

For a lot of people, part of the appeal of going into business for yourself is the fact that you no longer have a boss. Nobody can set the clock for you or tell you what to do. You want to be in total control of what you do, when you do it, and what to focus on, so it’s tempting just to seal yourself away and work completely alone. It’s not a good idea.

Whether you’re a sole trader or you’re employing other people, don’t completely isolate yourself. If you’re a sole trader, involve your partner or pick a friend to bounce ideas and big decisions from. If you’re managing other people, choose at least one to be a deputy, and bring them in on every strategy decision you make. Getting other people’s perspective is important. However good you are, occasionally someone will see something that you’ll miss, and you’ll be glad of their input.

Passion Achieves Nothing Without Planning

There’s a strong chance that you’re considering entering into a new business because you’ll be passionate about what you’re going to be doing. That’s great. Passion will keep you interested, and persuade you to work the long hours that are going to be required to get your business off the ground.

What passion won’t substitute for is business acumen. Just caring about something and being enthusiastic about it won’t achieve a thing unless there’s a solid business plan behind the passion, and sensible decisions taken when the occasion calls for them. You can try as hard as you like, but if your plan is wrong, it won’t work. Someone who knows business, and knows start ups, should be consulted about your plan before you spend a penny on implementing it. You’d be amazed how many people just don’t consult.

Stay Humble And Pitch Low

Your new business needs customers. The most obvious way to get them probably seems to be telling everyone how great you are, how much cheaper you are than the competition, and how much faster you can get the job done. All of that may be true, but you still shouldn’t use it as advertising information.

There’s an old rule in business, and it’s as applicable to you in your trading infancy as it is to someone who’s been in business for decades. Always under-promise, and always over-deliver. That way you get customers who are genuinely delighted and excited by your service, as opposed to someone who’s just received exactly what you told them they’d get, no matter how remarkable it is. Excited customers tell other people about your service. Merely satisfied ones don’t. Plus a humble but sincere pitch and quotation always comes across as more genuine than something that sounds too good to be true.

You might think that these pieces of advice sound obvious. If you do, then kudos to you, you’re probably a step ahead of your future competition already. Either way, boiled down, this is what successful new business owners want you to take on board:- Be original, allow yourself to be wrong and recover from it, don’t make big decisions without getting perspective, make a business plan and stick to it, and set low expectations and then exceed them. That’s your framework for the first twelve months. The rest of it is up to you.

Good luck!

Richard

Richard

Related Posts

Business

How to Start Diversifying Your Income

January 16, 2021
Business

5 Ways Technology Helps to Grow Your Business

October 13, 2020
Business

How Can Self-Service Data Ingestion Solutions Help Your Business Succeed

August 28, 2020
Business

5 Tips On Creating An Effective Real Estate Text Template

July 9, 2020
Next Post

Three Ways Small Businesses Can Save Money

Recommended

iProVPN Review 

February 25, 2021

10 Email Campaign Mistakes and How to Avoid Them

February 24, 2021

Categories

Trending

Rory Brown, Managing Partner of Nicklaus Brown & Co., Talks How AI is Redefining the Virtual Bank Market

October 3, 2019

Henry Todd Stella Describes 5 Best Travel Destinations For New Year’s Eve Celebration

October 31, 2019

How Does Pay-Per-Click (PPC) Advertising Work? WNY Holdings, LLC Explains

October 14, 2019
no wifi games

100+ Best Games without WiFi for Android and iOS

May 6, 2019

Everything You Need To Know About The Hoverwatch Tracker

May 26, 2018

Top 5 Reasons Why Online Gaming Has Become Popular

May 31, 2018

Fonemonitor Lets You Track iPhone And Android, Easily And Stealthily Like Never Before

August 25, 2018

New York Fitness Coach Larry Greenfield Shares 5 Ways to Add Variety to Your Runs

July 24, 2020

How To Unlock LG Stylo 3 Plus For Any Network

July 31, 2017

About

Connection Cafe

Connection Cafe is starting to be the leading voice in the field of new and emerging technologies and digital media.

Categories

Twitter Feed

Recent News

iProVPN Review 

February 25, 2021

10 Email Campaign Mistakes and How to Avoid Them

February 24, 2021

5 Reasons To Choose Mobile Casinos Over Land-Based Casino

February 25, 2021
  • About Us
  • Advertise
  • Write For Us
  • Amazon Disclosure
  • Contact Us

© 2019 ConnectionCafe -

No Result
View All Result

© 2019 ConnectionCafe -