3 important tips for your business start-up

by John B. Professional Writer

Becoming an entrepreneur is the right challenge for people who like to create. Are you one of them? Then here are the 3 most important tips for your business start-up.

1. good preparation: are you an entrepreneurial type?
Before you take the step into self-employment, you should think carefully about whether you really want to do it.

One of the central questions is: Are you an entrepreneurial type? Many people think of extroverted people with strong sales talent. But that doesn't have to be the case. What is important are other skills that can also be found in quieter personalities.

Here are some of the questions that entrepreneurial types can usually answer "yes" to:

Do you believe in your idea?
And, optimally, does your environment, your family, also believe in your idea?
Do you have a high level of (self-)motivation and a desire to think and create?
Are you able to maintain contacts that are important for your business success?
Are you willing to take a risk (albeit a calculated one) to seize an opportunity?
Can you sufficiently identify with the goals you are pursuing within the framework of your business?
Are you prepared to push ahead with your plans in the long term and with all your might in order to help your business succeed?

2) Concrete planning: Do you have a viable business model?
Good planning is already "half" the success. Compare your business start-up with building a house: you have an idea, you plan, you check the financing and put building block upon building block in place. And of course you use the support of experts in all these steps.

The cornerstone of a business start-up is the idea and its feasibility. The best idea is of no use if there is no market for it. You must therefore not only clarify the legal framework, but also set concrete goals for your business success and define the steps to achieve these goals.

Good preparation therefore includes recording all considerations regarding marketing, sales, financing and other areas in writing in a business plan. This is primarily the "blueprint" for you as an entrepreneur. You will also need your business plan if you want to take out loans from banks or convince other financiers, funding agencies and future business partners of your idea. With the Plan4YouEasy software you can create your own business plan free of charge.

3. avoid stumbling blocks: Have you considered all the framework conditions?
Before you get started, you also need to clarify all the framework conditions.

The following questions, for example, play a role:

What requirements do you have to fulfil in order to carry out a certain trade?
Are there perhaps already patents of other companies for the product development?
Have you checked all the facts in order to choose a suitable legal form? Are you prepared to take on a high level of personal liability, or does a limited liability company form make more sense for your business model?
If you are founding the company with partners and are joint owners, have you sufficiently discussed and "distributed" your division of tasks and other rights and obligations internally?
As with building a house, the same applies in principle to setting up a business: Help and advice from experts will help you avoid the biggest stumbling blocks. This is because they have the experience and knowledge gained from years of consulting practice, are thus familiar with use cases that may be similar to your start-up, and can thus provide concrete tips to avoid "beginner's mistakes".

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About John B. Advanced Pro  Professional Writer

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Joined APSense since, April 9th, 2021, From Edinburgh, United Kingdom.

Created on Jun 23rd 2021 11:47. Viewed 44 times.


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