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Starting a business of your own and building it right from scratch might seem utopic to some people. But not these days – more and more people take this risky step. Sure, not all of them succeed, but they are motivated to do it anyway because starting a business has never been so easy as it is now, especially an online one.
Now we have such incredible tools that can be found online that it is possible to build a website in no time. But on the other hand, with new business comes a new responsibility – all in all, we believe you want to create a successful startup and a workplace that you and your team would like. Unfortunately, sometimes these things are easier to say than to do.
Even though building a successful business might be quite a challenge, always remember that there are many successful startups that did not know what to do at first. If you want to learn more about building a successful startup, we strongly recommend reading Outliers by Malcolm Gladwell summary. And for those that are looking for more information on the subject, these tips should be of great use.
Tip #1: Create a Plan
There has never been a good project without a solid plan – the same goes for companies and online startups. Start with a proper plan – write a business plan before you start doing anything else. It may be frustrating at first, but you will thank yourself later as the results will start coming in.
When you write a business plan, make sure it includes both short-term and long-term goals. This way, you will know where to start, what to do, what to accomplish, and where exactly you want to be in the further future. Also, feel free to edit the plan in the future – times change, and so do the business strategies.
Tip #2: Meet New Business People and Start Networking
After you have written your business plan and launched your website, it is time to start building valuable connections and networking. The more influential people you know, the more you connect with them, the more help with your business you will have – either it is a case of business development or a recommendation in order to attract a new business customer.
Also, you probably know how important and crucial reviews are nowadays – so are the recommendations. To build connections easier and faster, you can always search for local business clubs that organize weekly meetings with different business people, for example, worldwide organizations like BNI. Networking is very important for any type of business – even if you are working and making money from home and don’t have an office.
Tip #3: Make Sure You Have the Right People by Your Side
Having a new business is already hard. That is why it is crucial to create a positive atmosphere around you if you want your startup to succeed. And one of the most important factors of creating a good, healthy atmosphere at work is hiring the right people.
And by saying the right people, we do not only mean people with experience who ask for paychecks bigger than your monthly revenue. We are talking about people who actually know what they are doing and liking it. People who will respect you will be fair to you, and become a great part of the team. Only by having a strong team you will reach success.
Tip #4: Outshine Your Competition
The eCommerce market is crowded at the time, and there is nothing you can do – you will always have competition, more or less. Therefore, you need to come up with smart and creative strategies that will help you stand out in the crowd of other competitors. The last thing you should think about is pricing – newer play this game because you will never win.
The best idea is always to create added value. For example, depending on your business niche, you could take up a social initiative, like helping out homeless animals or saving the rainforest. More to it, you could start writing articles on your website and start sharing valuable insights and tips about your product or service.
Tip #5: Manage Your Time
Even though you might have a pile of work every day, do not forget that you need to rest too. Have time for work and also schedule a time for life, entertainment, friends, and of course – sleep and rest.
The truth is that if you over exhaust yourself, it will have a negative effect on your productivity – if you are sleep deprived, believe us, you are miles away from being productive. And in the worst-case scenario, overstressing can also affect your health – and you will not be able to do too much work from bed.