This is one question you need to know how to answer before you start your business. It is not enough to start a business and hope that people will buy what you are selling, you need a concrete plan for how you will finish your first year in profit. This will create a strong foundation so you can continue to grow your business in the second year and beyond.
If you consume a lot of entrepreneurship and small business content online, you would have heard about business systems and how they are a complete game-changer as a business owner. The more systems you have in your business, the more productive you can be as a business owner. They will save you a lot of time, but most importantly, they are a vital part of scaling your business. Here is everything you need to know about business systems and how to implement them in your small business.
Reviews and testimonials are essential tools in building the trust of potential clients. Not only do they prove that your business is legit and you have worked with at least one client in the past, but they can also show the benefits people got from working with your business/buying your products. In short, a review or testimonial can be what is needed to help a reluctant client decide to purchase from your business. A 2017 study by Podium showed that 93% of customers read reviews before making a buying decision.
You’re starting a new business and know your website needs to be fire. But how exactly do you achieve that? What pages and what elements does your new website need to have, and why are they important?
This article will help you plan out what your website needs to give you a helping hand while planning. Whether you are DIYing your website or hiring a copywriter and web developer, you need to ensure your website has these essential elements.
As a new business owner, handling the finances of your business can be the most challenging thing. Even if you have an accountant, you are the one who needs to make the decisions regarding how to distribute your business’s finances. Your accountant can give you information on the tax-free thresholds and the most tax-efficient ways to pay yourself, but not what amount you should pay yourself.
Choosing a business entity is one of the first decisions a new business owner will have to make, and it is a huge decision. The business entity you choose will impact the way your business is set up, the taxes you pay, your legal liability, and how much flexibility you have in the future. We recommend taking the time to think about your business goals, both short-term and long-term, before registering as a business.
It can be hard to motivate yourself when you work from home. Here are our 5 top tips for staying productive while working from home.
AB Testing is a term you may have come across while reading about marketing techniques or even business advice. But what does it mean, and how can you apply it to your business?
As a new business, you need to bootstrap where possible. Many new business owners will take this to mean do everything yourself. However, what this actually means is you should spend your money wisely. Instead of hiring a marketing professional to work full-time in your business, hire a freelancer or work with a marketing company that you can pay per project. Not only do you get their skills, but you work with someone who has their own business and works with many new businesses. They will be able to give you a little more insight into things, especially if they work exclusively with startups.
Everybody wants to get more done in the day. Ultimately, it is all about focus. Our favourite productivity technique is the Pomodoro Method.