SPECIAL FOCUS
New Business Start Up
A Little Advice... Starting up your own business is an exciting venture to take on. You get to be your own boss and do something that you are truly passion about. Below are some tips if you decide to take the leap. Tip Number One: Focus on an idea or concept that you love. Starting up your own business is not an easy process. It will take a lot of time and energy. Make sure you feel that all the devotion and commitment is worthwhile. Tip Number Two: Try not to let the cost of living crisis have a negative impact on your vision. Think about how the economy will improve and the learning potential it may have upon your business – it will force you to be smart with your money and resources. The problems you overcome during this tough time will provide you with excellent skills that you can use when the economy improves.
Tip Number Four: Be aware of your competition. Your product or service needs to have at least a couple of unique selling points that will attract your customers.
Tip Number Three: Don’t over-complicate things and do too much at once. Take time to develop your idea, carry out research and plan ahead. Rome wasn’t built in a day.
Tip Number Five: Test the market. It doesn’t matter how small you start – try making a few sales to see how people respond. It will give you a feel for the market and help you gain confidence.
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