The big day has come and you’ve decided that it’s high time to start your own company. Maybe, you were dreaming to become an entrepreneur as a child, or a week ago a perfect business idea came into your mind… It doesn’t matter. The thing that matters is that now you have the idea and want to implement it as soon as possible. And, of course, make your startup a real success. You may think that it’s kind of game with its rules – and will be right. There are several tips which can help you to succeed, and I want to share some of them:
#1. Have a clear goal, solve the problem and bring the value. The complete purpose of your startup must contain of these three components. You have to know what you want to offer, because if you don’t have this understanding, you’ll simply get lost halfway. You must know your target audience, its needs and queries. And you should be clear about what aspect of life of your clients you want to make better, of what use your business will be. It’s the first step and the success background of your startup.
#2. Don’t quit your day job straightaway. Of course, at the beginning, when you’re excited, you may want to forget about everything and be absorbed in your entrepreneurship. But the reality is it may take months (and even years!) to get the first results, and you probably don’t want your family to be hungry all this time. Moreover, if you don’t have a generous sponsor, you’ll need funds for financing the early stage of your business. If you are determined about leaving your job, make sure that the money on your account is enough for paying bills for the half of the year.
#3. Pay attention to your team. The fact that you are your own boss doesn’t mean that you can be thoughtless while hiring a co-founder and the team. Just the opposite – choose as careful as you can to make sure you’ve picked the right people for achieving the company goal.
#4. Have everything planned and written. When you watch you thoughts on the paper, you get more realistic about them, and you can evaluate your plans critically. But your plan should be flexible. If you see that the circumstances have changes or you’ve came across an exciting opportunity, all you need to do is to correct the plan and keep going. Moreover, it’s a good idea to have everything documented in your team. At the very beginning you can have very good relationships, but as you get more money, everything can become instantly spoiled.
#5. Don’t be afraid to fail! Big things are not made in one day. If you got the dissatisfying result, it’s not the reason to neglect everything. Check your actions, find the mistake and move further! It’s the main guarantee of success.