Setting up, running, and maintaining a business is nerve-wracking, even for the toughest of people. We’ve compiled some of the best tips and advice on making your business dreams a reality.
Stuck for where to start?
You won’t be the first person! Every business has to start somewhere, after all. A key piece of advice is to research, research, research. Research everything from the marketing you’re thinking of entering, to any competition you may have, and beyond. Implement surveys and questionnaires to gain a good idea of your market, and receive feedback which will come in handy when tailoring your business to your target market.…
Starting a business can be tough, especially if you enter a competitive market space such as retail. This is especially difficult in the existing market, as retail sales came in lower than expected during July against the back-drop of rising three-monthly borrowing figures. Sales rose by just 0.1% between June and July, for example, and while this is higher than the corresponding figures from last year it still fell short of the projected 0.4% month-on-month growth.
Retail Start-up: How a Temporary Location can boost your Chances of success
Given the challenging nature retail, it may be worth testing your proposed business model and venture in a simulated environment.…
Thousands of people set up their own company every day. Some do it so they can work for themselves; others because they have spotted a gap in the market, and there are those who want to make a fortune. If you want to get started in this, just wait – you would not bungee jump off a cliff without bringing the right equipment, so why start a business without being prepared? Taking some time to develop a plan will help you get ready for the risk and challenges to come, and help make your start-up business a success.…
This question must be in every entrepreneur’s mind: How to reduce my startup’s failure risks? It’s a common question popping out of your mind (if this is not on your mind, well, it should!) and it’s the number one concern of every entrepreneur. Well, no worries – because from this blog post I would like to offer you some practical tips on how to reduce your startup failure risks.
We do know that startups are prone to failure. It’s a no brainer.…
