Follow your business dreams and ‘Make it Happen’
This week is the week to pursue your great idea, make a change, answer that niggling feeling in your stomach and ‘Make it Happen’.
Global Entrepreneurship Week is a worldwide campaign promoting entrepreneurship and inspiring the next generation of entrepreneurs to start their own business.
The theme this year is: ‘Make it Happen’ so we have put together a few tips to help you on your start-up journey this week!
Tips for starting a business
1. Do what you love
Don’t simply start a business because you expect it to see you huge returns or it seems ‘on-trend’.
Your venture will depend on your strengths and capabilities to be successful, so do something your good at and that you’re passionate about. If your heart isn’t in it, you won’t be successful.
2. Write a business plan
Having a plan is essential to the future success of your start-up, we’re sure you have lots of ideas buzzing around in your mind. So put them on paper. What is your strategy? What do you actually offer and how is it different or better? Who are your target market? Who are your competitors?
The importance of this process shouldn’t be underestimated.
3. Know your numbers
Make sure you are 100% clear on your incomings and outgoings, plan ahead and allow for quiet periods and unplanned eventualities.
You need to know that you are going to make a profit, or at the very least break even in the early days, so it’s important that you know what your financial situation is at all times and keep a firm grasp on those costs.
4. Stand out from the crowd
What makes your business different? Do you have an interesting back-story? Do you have a social mission? Are you doing something that’s never been done before?
Whatever it is, make sure you shout about it.
5. Don’t be your own best kept secret
So you’ve spent months and months planning, researching, learning and preparing, you’ve made the leap into self-employment, now what? Tell everyone!
People can only buy from you if they’ve heard about you, Marketing is essential to help you spread the word and develop brand awareness
6. Get support
No man or woman is their own island. Seek out help and take what is offered to you, it will truly be invaluable.
Start Up Loan client, Paula Kirkwood set-up her business, Rogue Saddler last year and shared her advice to fellow start-ups in a recent case study.
“…Take all the help and support offered to you, it’s invaluable! And go for it!”
Making it happen
For help with getting your start-up off the ground, our team at Let’s Do Business Start Up are here to help.
We work right across the South of England, delivering the Start Up Loans scheme – a government initiative that provides fledgling businessmen and women with an affordable loan and mentor support.
Find out more about Global Entrepreneurship Week and follow their activities on Twitter and Facebook.