Can I get a raise of hands of those who want their own business?
If you raised yours, then congratulations. The first step into starting up your own business is to have the dream of having one.
But then again, a dream will remain a dream if no action is taken. And that is easier said than done.
As background, a start-up business is defined as a “newly emerged, fast-growing business aiming to meet a marketplace need.” Usually, start-up businesses are small business or partnership.
But exactly how do you start up a business, and at a quick pace, too?
Here are a few tips on how you can start up your business.
The minute you find the opportunity to start your business, do it. The only thing that’s stopping you from establishing your startup is yourself. Thus the saying “If not now, when?”
It doesn’t matter what you start on. Be it a domain, a communications plan, a Facebook page, anything. Sometimes the simple things can push you to keep going.
HAVE A BACKBONE
Now that you’ve started on something, it’s time to get strategical. Think of your long term goals. Plot everything out, even until the tiniest details. Also, in the business world, time management is a must. When setting a goal, it’s better to follow a timeline so that you won’t get lax and find yourself saying “I can do this tomorrow” when you can do it today.
MIND THE BUDGET
It’s a common mistake in business startups where they think that they just need a “huge” amount of money to cover expenses. Nope. It is important to keep a detailed budget in paper (not in mind). If you’re not good in accounting (or math in general), get some help. Just make sure that everything is taken into account. You do not want to lose things even before you gain traction for your business.
BUILD YOUR FAMILY
Because ‘build your network’ sounds absolutely cliché, build a family for your business instead. This is something that aspiring entrepreneurs could learn from Steve Jobs. Apart from looking for competitive team members, he looks for people who will love the job as much as he does.
“Because, if they fall in love with Apple; everything else will take care of itself. They’ll want to do what’s best for Apple, not what’s best for them, what’s best for Steve or anybody else,” Steve said.
WORK WITH PASSION
Of course, we need fire to keep the business burning (not to the ground) to greater heights. And to be honest, “to make money” out of something that you truly love is the best feeling, and people rarely get that feeling. So if you do, don’t let it go.
PS: A good business doesn’t run on passion alone, you still need to get your hands dirty to get your business up and running.