Tuesday, 7 July 2015

Launching a Business

1. Take small steps.

Maybe start with just an hour each night after dinner. Later, add add another hour first thing in the morning.
During the first couple of weeks, you need to figure out the schedule that best suits you. If you’re a morning person, get up early to work on your business instead of just watching the morning news.

2. Don’t burn bridges.

Prior to launching your business, examine documents like non-disclosure agreements and any other employment or assignments agreements that you have signed. If you’re not familiar with the legal jargon, seek the advice of a local startup attorney.


3. Test, and try again.

Ask for feedback from your friends or family. Talk to potential customers wherever and whenever you can. Create a landing page. Ask potential leads to fill out a survey with SurveyMonkey. Build a prototype and showcase it at industry events or film a product demo.

4. Set SMART goals.

Think of goals like a road-map. If you've never been in a specific place before, how else do you expect to know where you’re going? It’s common for successful businesses to establish three sets of goals - daily, weekly, and monthly - to help them achieve both short and long-term goals.

5. Invest what you can into your business.

 Instead of taking out a huge loan, you can piece together your business plan over the next several months.

6. Find a partner.

Co-founders can bring a different set of skills to the business. Let’s say you’re a good marketer, but don’t have the coding skills to build a website or app. A co-founder with those skills will save you time and money while making you more attractive to investors. Co-founders share the workload and stress, offer a listening ear. They are your brainstorming partner and increase your productivity.

7. Take help.

Outsourcing will you save time and you’ll also have someone who has a different set of skills. Instead of throwing your keyboard against the wall because you don’t understand a piece of code, you could outsource your web development to someone who has a web development skill.

8. Family comes first.

Spend time with your family. Whether it’s eating dinner together, watching a television show, going for a walk or helping the kids with homework, it’s necessary that you have this time with your loved ones.

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