If you’ve been dreaming of creating your own startup business, now is a great time to take the plunge. Although it can be an extremely competitive and daunting initial process, with the right plan in place and with careful consideration of every element – you’ll be able to secure your success.
So, if you are interested in growing your startup into an international business quickly and successfully, here are six tips to help you get started.
Find Local Support
Organisations like the National Enterprise Network (UK) know that finding local support is crucial to growing new small businesses. They offer training and support, independent and impartial advice, along with a wide range of other services to help you get started off on the right foot.
They also offer a unique online directory created specifically to help new entrepreneurs find core support. You’ll find details about members organised by region operating throughout London, and the entire country, and can search by local authority area in order to find helpful organisations in your own area.
Speak Face-to-Face With Customers
With digital marketing having become the go-to, face-to-face interactions between customers and businesses have become even more important and impactful. Try attending exhibitions in your area and utilise them to network and build your customer base. Startups who are new to this area of marketing may find it useful to speak directly with a professional exhibition stand provider who can get them set up and prepared for what the event has to offer.
Utilise Free Resources
You don’t have to look far to find detailed guidelines about starting up a new business – the Gov.UK website offers advice on everything you need to know about operating a business legally in the UK. From writing a business plan to employing staff, to financing and setting up a social enterprise, it’s all covered.
Plan, Plan, Plan!
How big do you want to be? For a successful startup, you need the ability to look forward and determine how to grow cost-effectively. Keeping your costs low while increasing your revenue is an attractive quality to prospective investors who are interested in both your product and your future. In order to keep an eye on scalability, you need to consider the following:
- Offer a minimum viable product (MVP) that people are happy to pay for and use. Don’t plan to expand until this milestone is met.
- Have a flexible business plan that allows for evolving circumstances, digital advances and economies. Identify key areas for future add-on solutions and enhancements in your plan and be open to continuous innovation.
- Resolve your online visibility and branding first. Your name, logo, domain name and website should be settled before you proceed trying to attract interest. Ensure that your hosting and servers can handle online transactions smoothly.
- Know when to outsource. Identify which are the strongest and weakest areas of expertise and outsource the tasks rather than trying to handle everything in-house. Outsourcing common tasks such as human resources and accounting can free you up to focus on your goals.
Go Back to School
If you want to learn how to properly run your own business, why not start at the bottom? There are a variety of classes, lectures and programmes available to teach prospective entrepreneurs the basics of building a business. For example, School for Startups offers a year-long programme as well as workshops and events designed to teach startups about a diverse range of topics, from finding seed money to locating your own mentor.
Take Advantage of Niche Support
When you start your business, you need all the help you can get. Investigate various avenues of support that are available for your business type or for you personally, as a business owner. For example, women who are interested in starting their own company can find specialised support through a variety of resources, including governmental assistance for women in enterprise. Some of the options include the Women’s Business Council (WBC), the Aspire Fund, business networks, and even childcare.
When you’re starting up your business, it’s essential that you cover all bases and look for sufficient support when you need it. Don’t allow yourself to get discarded amongst all the other businesses in your niche and follow these 6 simple solutions to help you succeed.