It certainly does not ensure future success, but significantly reduces risks and increases the possibilities our company to develop, grow and multiply in good health.
Innovative ideas that require minimal investment with own resources, rapidly deployable, fixed costs to a minimum and control of receipts and payments to generate cash … Those are the golden rules to undertake alone. Do not forget, if you want your business to grow.
In normal-read, live with a favorable economic climate and buoyant, ideally undertaken by chance. It certainly does not ensure future success, but significantly reduces risks and increases the possibilities that our company develops grow and multiply in good health.
NEED TO UNDERTAKE
But clearly the current situation is very different and the need to generate resources for living has forced many-there are no accurate official figures, but logic says- they need to be undertaken by, especially many who are unemployed after the companies they worked for closed or reduced staff.
And as entrepreneurs, by tradition, we are very positive and optimistic, we also support this second group of entrepreneurs. Nor is worth recalling a series of basic rules to keep in mind if you start up (always, and if you do out of necessity).
1 .- Avoid the rush.You need to generate resources to live does not mean you rush into decisions to make. Embark, yes, but with much head. Analyzes the market and seek primarily a need for cover or a complementary service that adds value to a product / service already exists.
2 .- Avoid placing a business ‘more of the same,’for sure ‘others’ have thought like you.For example, focus on emerging markets
3 .- Slowly but surely.Find a business fast and easy implementation. DO NOT MESS in philosophical ramblings about the idea and do not hesitate to whether or not it is time to undertake. Remember you have maid up your mind now and it is best to forget the doubts. Focus 100% on implementation, not in your spare time. It is now!
4 .- Minimum Investment.Unless you have inherited a fortune, think of a business that requires a minimum initial investment.
5 .- Debt zero.Undertake with own resources and if you have to ask for money make it small, a family member or a trusted friend that offers some freedom back.
6 .- and money for later.Important, do not forget to calculate how much and how to get money to keep on once the business starts to walk.
7 .- Fixed costs, to a minimum.Make accounts and more accounts and look up under rocks. Reduce fixed costs of your business to a minimum. You can outsource everything except your core business, of course. That is sacred. Focus on that and the rest can be outplaced.
8 .- Alone?Remember that you undertake alone, but that does not mean that you can not look for collaboration and partnerships in other entrepreneurs like you. Together it will be easier and cheaper. There are many ways to colaaborate. Choose the one that best suites to you.
9 .- Receipts and payments.That is the key. Control to very detail all your customers. Calculate the time between receipts and payments and try to be as close as possible. This will ensure liquidity and calm to meet the challenges that arise.
10 .- Anticipate.Take time to keep you informed of all market trends and develope plans B to help you turn when the wind shifts.
11 .- Do not isolate yourself.Do not isolate yourself in your business. Go out and meet other entrepreneurs. There are many forums for entrepreneurs, both online and face to face. Take advantage of contacts to exchange ideas and experiences and, why not share customers. This will contribute to the bigger market and business opportunities are greater for all and for you, too.
WHERE TO FIND BUSINESS OPPORTUNITIES
The first tip is that you undertake in a market that you know,especially not to waste time researching new ones so you have no surprises.But as there is a rule, look for opportunities everywhere. Where can you find ideas?:
In your experience, your education and your hobbies.Listen to ideas from your immediate environment. Unmet needs in general and, by default, in the market where you previously have operated or know a priori. If you know or you position youself in a sector, look at what the competition is doing to improve it, and also look at what does not. Analyze business lines that large companies have left and their feasibility studies.
Adapt ideas that work in other sectors and / or national and international markets.Study the potential opportunities that might arise from future legislative changes and / or social.
Very important: stay constantly informed (not just newspapers, but also studies and reports). Listen and watch everything being said and happening around you. And, first, do not reject any idea.