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Thread: 10 Tips To Start Your Own Business

  1. #46
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    Jul 2021
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    Most small business entrepreneurs put in more effort than they did when they worked in a large position.

  2. #47
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    Jul 2021
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    People believe that owning a small business is glamorous because you get to make major decisions, make a lot of money, and live a carefree life. The reality is a bit different and to make it true, you'll have to grow bigger. I've started my own business as well, I bought new cars for transportation, but my friend gave up on this idea, so I had to ask for help to recover what was mine.

  3. #48
    I would always recommend the startup service or budding entrepreneurs to go with the best business consultancy service from the market experts like Uplogic Technologies. This may aid them in better understanding their service mission and vision. A business consultation service may also assist you in learning more about your service and provide you with a variety of different answers to your problems.

  4. #49
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    Jul 2022
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    While small businesss may need to maintain a limited staff and only require outside assistance for specific tasks. Another company may have adequate staff but require help when taking on additional projects.

    Most small firms simply can’t afford to match the in-house support services that larger companies maintain. Outsourcing can help small firms act “big” by giving them access to the same economies of scale, efficiency, and expertise that large companies enjoy.

    When day-to-day operations of a business becomes overwhelming, outsourcing is the ideal solution.

  5. #50
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    Jul 2022
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    The above mentioned tips to start a business are beneficial.

    but for small businesses and entrepreneurs, outsourcing offers the big benefit of time: Instead of learning about the ins and outs of SEO, testing new strategies, and refining results, business owners and managers can focus on customer conversions, product improvements, and new ideas. Hence outsourcing SEO work could be a great help.

  6. #51
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    Aug 2022
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    If you get stuck while setting up a new business because we face many obstacles at the beginning such as funds, innovative ideas, and need experts in a particular industry. Therefore, access Nainer - a startup funding website where we have connected investors, founders, and experts under one platform. A simple signup process will help you to get started with a new business.

    **Links removed by Site Administrator so it doesn't look like you're spamming us. Please don't post them again.**

  7. #52
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    Aug 2022
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    Thank you for this great article. It has some great tips that I can apply to start my own business. I also write a lot of articles about how to get a startup business loan.


    **Links removed by Site Administrator so it doesn't look like you're spamming us. Please don't post them again.**

  8. #53
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    May 2021
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    Quote Originally Posted by abhishek_dgm View Post
    While small businesss may need to maintain a limited staff and only require outside assistance for specific tasks. Another company may have adequate staff but require help when taking on additional projects.

    Most small firms simply can’t afford to match the in-house support services that larger companies maintain. Outsourcing can help small firms act “big” by giving them access to the same economies of scale, efficiency, and expertise that large companies enjoy.

    When day-to-day operations of a business becomes overwhelming, outsourcing is the ideal solution.
    I couldn's agree more! I would even say that there comes a point in every small business when outsourcing becomes necessary.

  9. #54
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    May 2022
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    1. Come up with a business idea that you are passionate about and can truly stand behind.
    2. Don't be afraid to take on some risk – go for growth stocks or emerging markets if you're willing to gamble a little bit, but also understand the risks involved.
    3. Remember your goals – what do you want from this business? Are you looking for stability and modest growth? Or is high growth your main goal?
    4. Get organized and develop a clear marketing strategy early on – don't wait until later when it might be too difficult or expensive to change course
    5. Invest in research & development (R&D) - without R&D, there would be no new products or innovations in the marketplace, so make sure this is one of your budget priorities! This includes things like developing an effective website design & branding as well as launching innovative marketing campaigns
    6. Build strong partnerships with other businesses within your industry - they may have complementary skills that could help increase sales
    7. Harness social media effectively to reach potential customers
    8. Create value for both yourself and those who purchase from you - think beyond just selling products/services; how can YOU add value?

  10. #55
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    Aug 2020
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    89
    Lots of great tips here! From my own experience, I can add that it is important to learn as much as you can before starting a business. It can help you avoid common mistakes and sometimes even save money.

  11. #56
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    Dec 2021
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    103
    My only advice for all the small businesses - think about customer satisfaction first and only after that about your own profit.
    I know it might sound weird, but those two things are very tight with each other and one is not possible without the other.
    http://www.forbes.com/sites/forbesbu...r-credibility/ here are some other interesting thoughts about small business credibility.

  12. #57
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    Feb 2023
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    @theceo, I loved the points you highlighted for those wanting to start their own business.

    Often in our agency, we see several 'newbie' business owners who have gained success but have yet to cover the basics, such as reaching out to an accounting firm, let alone how they plan to budget, invest, and grow within the financial space.

    Having been in business development for over 20 years, putting in that little extra effort to explore your options and looking for companies who can support you with your tax and have a business advisory department is essential for long-term success.

    Entrepreneurs and those keen to venture into business ownership should feel empowered and supplied with all the tools necessary to do so.

    A few pointers (for those keen to listen) would be to get help with the following:
    - Determining your business structure
    - Business plan creation
    - Cash flow chart, projections, billing, and exploring further avenues to gain business
    - Any banking, financial, government, or council applications
    - Business registrations
    - Establishing effective, reliable accounting systems

    Getting the right advice from the beginning is essential!

  13. #58
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    Apr 2023
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    Auckland
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    Over and above the excellent comments made above, I agree with @PaulaAnderson's comments about focusing on progression and development. Suppose you are looking for avenues to explore. In that case, I suggest you read Shopify's or SquareSpace's blogs for ways to make money online through affiliate marketing, drop shipping, digital products, or online e-commerce.

  14. #59
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    Dec 2021
    Posts
    103
    Some great tips here

  15. #60
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    Aug 2020
    Posts
    89
    Starting your own business can be an exciting journey, but it is not as easy as it seems and it's crucial to avoid common mistakes at the start of a business Here are some tips I learned when starting my business:

    1. Conduct thorough market research
    2. Develop a comprehensive business plan and strategy
    3. Build a solid online presence
    4. Focus on customer acquisition and retention
    5. Monitor and manage your finances diligently
    6. Embrace flexibility and adapt to changing market trends
    7. Seek guidance from mentors and industry experts
    8. Learn from the mistakes of others to avoid making them yourself.

    Hopefully, these tips will help you set a strong foundation for your business and increase your chances of long-term success. xx
    Last edited by Alex7788; 07-19-2023 at 03:55 AM.

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