We’ve all had an idea at some point we’ve contemplated turning into a business. It can be a daunting thought to take the first step – especially if it requires forsaking a secure and paid job. However, with the right guidance and plenty of ambition it can turn into a great success.
Here are some top tips for starting up a business…
- Set goals
It may seem obvious, but first and foremost know your goals. You may have an idea, but a vision of where to take that idea is crucial. Can your idea be turned into a business? And what will the end goal be of that business? Jot down your thoughts as they come so you can start structuring your ideas into a coherent manner and turn them into a definitive concept.
Do your research! Research as much as you possibly can. Market research will give you information of how viable your idea is and tell you whether there is demand for your product or service.
- Know your target audience
Analyse your market research. Determine who your audience is and target your marketing to attract that audience, which may relate to age, interest, demographic etc. and will help give your business better direction.
- Take your time
Remember that nothing happens overnight. Some of the initial start-up process and research may seem tedious, however the benefits in the long-run will make the business a success. A thorough plan, and well timed start up structure will ensure great results!
If you’re ready to take the plunge, the next stage would be to make a business plan and arrange finances. That’s where we come in! Beta Futures specialises in writing business plans, matching your business objectives to funding criteria and bid writing.
An outstanding business plan will also make the process of allocating funding much easier as it will state start-up costs and highlight long term costs and revenue, this will give possible funders a clear indication of what they will be investing into. Furthermore, as your business grows we can help you with training and resourcing.
Beta Futures will take you through the step by step process from business planning to funding. Contact us and let’s accelerate your growth!