Entreprenurship

Enterprising Entrepreneurs – 8 Smart Tips for Building a Successful Business

Technology has made it easier than ever before to build a viable business with little more than a laptop, mobile phone, and a wireless connection. However, just because you have the tools to establish a company, doesn’t mean it will always be a success. Consider these eight tips to have a better chance of success than ever before.

Consider a Serviced Office

Type of Office

A common problem with start-up businesses is making sure customers know where you are. However, many budgets don’t stretch to premium offices spaces. Therefore, it might be time to consider serviced office solutions. Serviced offices provide all the conveniences of a regular office environment but without the never-ending bills. Instead, you get one bill that covers everything from office maintenance through to cleaning, wireless internet, and reception services.

Utilize Virtual Tools

We live in a digital age, and as such, we have an abundance of virtual tools at our disposal. Instead of a physical office, you can opt for a virtual office where you have a prestigious business address, phone number and mailing address, but you don’t work there. Then there are virtual assistants. If you find yourself fighting a losing battle with admin tasks, you can outsource it to an affordable virtual assistant – a self-employed administrator who works from anywhere in the world.

Network

To build a successful start-up, you have to network. Go to trade shows, conferences, and events, and get your name out there. Be sure to have a pile of business cards and your gleaming smile at the ready.

Spread Out Your Advertising

As the well-worn saying goes, you shouldn’t put all your eggs in one basket, and you can say the same for advertising. If you’re looking to gain clients, it’s imperative to try every method to see what works. Use Google Adwords, social media, and even print and radio. When your clients start rolling in, you can find out which avenue proved to be the most lucrative. The results may surprise you.  

Look at Your Competition

It seems obvious, but many people don’t think about their competition. Keep an eye on what your direct competitor is doing. Find out how they market their products and services, and whether their methods are working. Don’t copy them, but take note of their angles for future ideas of your own.

Systems Spell Success

Time is money, and the more time you spend on unproductive tasks, the less money you make. Therefore, it’s necessary to find methods that can save you time and make you money. Look for software that can cut your administration work in half and pay attention to time-saving software advertised online.

Use Social Media

Tools for social media marketing

 

There are in excess of three billion active social media users, and potentially thousands in your immediate vicinity. Whether you’re targeting clients locally, nationally, or internationally, you are sure to find many of them are on social media. Don’t miss an opportunity to increase your business presence. Set up a business social media page and expand your audience.

Don’t Skimp on Technology

How much time have you flitted away waiting for old or tired mobile phones and computers to do what you asked them to do? When you lose time, you lose money, so always invest in the best technology for your requirements. The savings will more than speak for themselves at the other end.

Building a successful business takes innovation and hard work, but it’ll be worth it in the years to come. If you’re a start-up business looking to make a dent in your market, consider any of these eight tips. You’re sure to find your business makes its mark on the world in no time.

5 thoughts on “Enterprising Entrepreneurs – 8 Smart Tips for Building a Successful Business”

  1. Avatar of Paul Towers

    When starting out I recommend having no office. If you can work from home, a library or even a cafe you can save a bunch of money.

    Even if you have the funds available for an office or to work in a co-working space I would still ask whether or not that money could be better spent on marketing or your product/service.

    Paul

  2. Avatar of Stefan Alexander

    Hi Suprabhat,

    This is a great list. I enjoyed reading this a lot. I have been using the services of a virtual assistant for quite some time now and he has helped me a lot. The workload is much more easier to manage when I have someone else doing half of the tasks when I’m not able to do them. It’s been great and the work is moving forward pretty smoothly so far. I didn’t really need anything but the home office and that was basically my business address. But because the business has grown at a faster rate, I decided to move to an official business location. It allows for more productivity and fewer distractions.

    Thanks again for sharing this content!

  3. Avatar of Passive income

    Hi Suprabhat,

    Thanks for sharing these valuable ideas! Especially for those who established their start-up business. It’s wonderful lists really – it’s precise and understandable. And it has a very catchy snippet, where a reader could automatically hookup. Me, too hope that people who are searching their niche could drop by on your page. Thanks again!

  4. Avatar of Vivek

    Hi Suprabhat,
    This is Vivek; I am a Budding blogger who also shares a common interest on business related topics. I must say this article of yours is really useful. Great tips I really enjoyed reading it. I have also written several articles under the topic of entrepreneurs and their effective business management. You can check them out here at themindfulbytes.com. Also let me know your thoughts on them. This would really prove helpful to my future articles.
    Thanks

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