This is the perfect time of year to begin to shape your business exactly how you want it. Set goals, take some tips on board and learn what the best in business are saying. We’ve rounded up top tips to get your business in shape for 2015, inspired by business leaders.
Did you know that customers are likely to buy a product that benefits a great cause. Aside from the obvious fact that being involved with a charity does something good, it can also establish positive attention for your organisation. It need not be something large scale. If you are a micro business, why not choose a local charity to team up with? Run an event, get your staff involved. Increasing awareness and sales is a win-win situation.
Starting and running a business can be one of the most exciting and stressful times in the life of an entrepreneur. There are all sorts of things to consider from niche, to finance, staffing and even where the business will be based. Staying on top of things isn’t easy. This is where the role of a mentor comes in handy.
According to the Global Entrepreneurship Index, the world hit 52% of its entrepreneurial capacity in 2014. This is the delicate ecosystem of small businesses that continues to grow and thrive every single year.
What does this mean for your small business?
In terms of getting noticed, standing out from the crowd may become an increasingly difficult challenge. But, this doesn’t mean that it’s impossible.
As an entrepreneur, you are creative. Therefore, we’ve given you some ideas of how to promote your small business in Hertfordshire that you probably haven’t tried yet.
There can be many costs involved in creating, running and maintaining your business. With so much involvement in the day-to-day upkeep, it can be difficult to see how you can run things more smoothly or where you can improve on your operations. This is where business analysis comes in.
Analysing a business involves a specific set of activities, which allows owners and stakeholders to look objectively at the needs of an organisation, its problems and most importantly, find solutions for it, very often before its too late.
The first steps into business can be exciting and scary. They can also be the point where most get lost or give up. You have the idea, you have the skill, you have the time but do you have the finance?
Not every business will need a business start-up loan but if you have established that it will, don’t get lost in the options or overwhelmed with where to begin. There are many options.
How do I know if I qualify for a government start-up loan?
Starting a business is a big undertaking and the fact is that most fail within the first year. Here are some of the crucial steps to think about in the very early days:
It almost goes without saying, but the key starting point for creating a business is an idea. However, not all good ideas become good businesses. You must ask yourself, is there a market for this idea? The tried and tested way to find this out is research. Not only do you need to know if a market exists, you need to work out what type of marketing, pricing and business model will best attract your target customers.