How To Have Startup Success
With Your New Business
Your new business startup success will
depend on several factors But there are
several things to improve the chances of
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your new startup business being a
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Below are 5 ways to improve your
chances of startup success.
1. Make a Detailed Plan For Startup
This one seems obvious. But many
people start a home business with no
real plan much less a detailed plan. You
must plan for all contingencies if y
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to be successful.
The two major parts of your plan should
be operations and marketing. Operations
is the day to day how to of what your
business is doing.
The marketing is getting customers. To
have startup success y
p you must have
customers. Most of your time has to be
spent on marketing.
This includes having a budget set aside
for just marketing. No marketing equals
no customers equals no success with
2. Find a Mentor To Guide You
Having a mentor will improve your
chances of success by a factor of 10 at
least You want to find someone that has
had new business startup success.
that s it’s
If they in your niche that’s great but it s
not necessary. You just want to find
someone that you can trust and you get
A good place to start your search is asking
your friends locally if they know of anyone.
Another great place is to search on google
for a mentor.
It’s not a requirement that you meet with
your mentor in person but a lot of people in
an offline business prefer to meet someone
they can talk to in person.
If your business is online most mentoring
will be done online and by phone. It’s really
just your preference. This is probably the
b h d f
number one thing you can do for your
3. Make Sure You Have Competitors
In Your Market
This may sound backwards but you want
competition No competitors means there
is no market for what you selling unless
it’s something brand new and those
markets are awful risky.
So don’t be afraid of a little competition.
4. Don’t Put Every Penny You Have
Into Your New Business
You read about people doing this all the
time Most of us still have a family to
worry about. So keep some money
stashed away for a rainy day as they
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Know how long you can go without
bringing a payday Mouths still have to
be fed and the mortgage or rent has to
be paid. If y
you are single it’s a little
different but I don’t suggest you put your
last dime in any kind of business.
That’s a recipe for disaster not startup
5. Advertise Your Business
This is one area you need to have some
money far. I know some people use
Guerilla Marketing but that’s a tough way
to go. I did that many years ago when I
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started my Private Investigator business.
When it come to marketing and
advertising be everywhere you can until
you figure out what’s working for you.
What are your competitors that are
successful doing? No need to reinvent
the wheel here. Your mentor will be a
great help to you here.
Don’t forget to market online as well as
offline but don’t get hung up on Facebook. It
will steal all your time and before you know
it you have got nothing meaningful done.
Start-up success is tough for a new
business. Usually it takes you awhile to gain
some traction and start bringing customers
But you need to start making money now. I
understand that and the tips above will give
you a better chance of success in your home