The Ultimate Guide To Launching A Successful Startup In 2015

Most new business owners make the same common mistakes during the startup phase of their company. With a view to helping you avoid those miscalculations, we’re going to offer some expert advice this afternoon. When all’s said and done, you got involved with the business world to make a profit and look after your family. You will struggle to do that if you fall into the same traps that have been negatively affecting firms like yours for many years. We hope that you will take our advice and put to good use as you move forward. Failing to take heed and implement the suggestions on this page could mean you business crumbles long before you achieve your goals. That would be a tragedy after putting so much time and effort into the concept.

Getting investment

When it comes to seeking investment, there are only a handful of options open to you. Firstly, you should get in touch with your bank and arrange an appointment. Take your business plan along, and see if you can get any cash out of them. In most instances, those without a previous track record of success will struggle. Option two involves contacting private equity firms and performing a pitch. It wouldn’t be too dissimilar from those you might have seen on Dragon’s Den. You stand a better chance of getting money out of those companies. However, they will expect to take a percentage of your firm for the cash injection. Lastly, you might consider asking your friends and family if you only need a few thousand pounds.

Marketing your concept

It is always a good idea to start marketing and advertising your business as early as possible. Even if people can’t make purchases yet, it won’t hurt for them to become familiar with your operation. In the modern world, there is little point paying for TV slots of radio promotion. You will almost certainly get better results if you concentrate your efforts online. Learn how to use Google Adwords, open social media accounts, and you’re half way there.

Dealing with customer service issues

Customer service can be one of the most complicated tasks for new company bosses. You want to keep everyone happy, but you can’t afford to send out lots of free gifts every time someone has a problem. Outsourcing customer service is always a good move if you can afford to pay for the help. At the very least though, you’re going to need a mobile landline number to ensure people can get in touch. They are perfect for business owners because they allow them to make a receive calls using the same number. That is the case, regardless of whether they are using a mobile phone or the telephone in their office.

So long as you understand those ideas, you should be ready to make waves in the business world. The only other things you need to worry about are employment and accounting. You must design an interview process that will allow you to sort the wheat from the chaff if you want to succeed. Likewise, you must also employ an expert accountant to ensure you do not get in trouble with the tax man.

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