Sunday, April 18, 2021
TechMoran
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Tech

Top Tips for Starting a Business

Vivianne Musumba by Vivianne Musumba
1 year ago
in Tech
8 min read
0

It is a step that more and more people seem to be taking, but don’t be misguided into thinking that starting your own business is easy.

On the contrary, it’s never been more difficult. Sure, the power of the internet means that you could effectively start a business up from your bedroom in record speeds, but making this successful has, and always will be, almightily difficult.

The purpose of today’s article isn’t to replace Forbes or another specialist business publication, but instead to provide some hard and fast tips on what to look out for when you start your business. We won’t overload you with suggestions, but keep in mind the following four and you’ll do the chances of success the power of good.

Keep an eye on cashflow 

The C-word is one of the most crucial elements of a business, but one that so many people forget and ultimately, fall victim to.

In short, you might be doing a grand job of drumming up custom, but if the money isn’t subsequently flowing in you are going to be in all sorts of trouble. Make sure your payment terms are strict and suppliers aren’t taking advantage.

Make sure you have the infrastructure to start with 

Related posts

vivo

Vivo Smartphones Banned From Two Air Freight Companies After Erupting Into Flames

April 16, 2021
0

Dell Technologies to Spin Out its 81% Equity Ownership of VMware

April 15, 2021
0
@ƒfƒWƒ^ƒ‹Ø–¾‘‚ð—˜—p‚·‚éŽÀØŽÀŒ±‚ðs‚¤ŽQ‰ÁŽÒ‚Q‚X“úŒß‘OA‰H“c‹ó`

Safaricom Piloting Afya Moja, It’s New Digital Health Passport

April 15, 2021
0

OPPO Reno5 named official smartphone partner for the PUBG MOBILE Middle East & Africa Esports 2021

April 15, 2021
0

Beg bounty hunting – why do people do it, and how?

April 15, 2021
0

How to track inventory in the inventory management system?

April 15, 2021
0

We spoke about bedroom businesses in our introduction to today’s guide, but in reality you need to be more prepared for this. Sure, bedrooms might satisfy some types of businesses, but particularly if you are selling physical products or entertaining clients you will need some sort of infrastructure.

READ  DEVELOPING STORY: Kenya's Safaricom to Disrupt Mobile Payments Afresh|Plans to Deploy NFC SIM Cards Countrywide

In relation to the former, this might be Safestore storage lockups for the stock that you are holding. Or, if you are more of a service-led business, perhaps you’ll need an office to receive clients. Regardless, infrastructure can be important, and without it your business might be on a hiding to nothing.

(This includes your own personal infrastructure) 

When we talk about infrastructure, it can sometimes relate to your own conditions as well. Sure, having an office and storage space is essential, but you also need means to afford this.

This is why it is crucial to have the financial and emotional support before launching your business. In relation to finances, try and ensure that your own personal bank account has enough money in it so you don’t feel the pressure to build profits from day one. A lot of people suggest that you should build this emergency fund up to six months’ worth of expenses (although we would say the longer the better). Then, when it comes to the emotional factors, make sure your family are on board. This will be a testing time, and you’ll need their support for the longer hours if you are going to succeed.

Avoid the build it and they will come philosophy

Finally, a lot of people enter business and think that because they have taken this giant first step, a boatload of new customers are set to arrive.

As it turns out, without a proper marketing plan, this just isn’t going to happen. Even if you have a physical store, you’ll need to tell people that you have launched – they won’t just stumble upon it unless you have placed it in a ridiculously high footfall area.

Readers 2,039

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Vivianne Musumba

Vivianne Musumba

Related Posts

vivo
Tech

Vivo Smartphones Banned From Two Air Freight Companies After Erupting Into Flames

April 16, 2021
0
Tech

Dell Technologies to Spin Out its 81% Equity Ownership of VMware

April 15, 2021
0
@ƒfƒWƒ^ƒ‹Ø–¾‘‚ð—˜—p‚·‚éŽÀØŽÀŒ±‚ðs‚¤ŽQ‰ÁŽÒ‚Q‚X“úŒß‘OA‰H“c‹ó`
Tech

Safaricom Piloting Afya Moja, It’s New Digital Health Passport

April 15, 2021
0
Tech

OPPO Reno5 named official smartphone partner for the PUBG MOBILE Middle East & Africa Esports 2021

April 15, 2021
0
Tech

Beg bounty hunting – why do people do it, and how?

April 15, 2021
0
How To

How to track inventory in the inventory management system?

April 15, 2021
0
Tech

Tesla CEO Reacts To A Shared Image Of Himself That Shows What He Used To Do Back In The Day

April 15, 2021
0
Tech

Who Is P7G? The Company And Their History

April 15, 2021
0
Startups

Scale is a new digital platform connecting SMEs to tender opportunities in Kenya

April 14, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Top Things to Consider When Performing Office 365 Backup and Recovery

April 17, 2021

Amazon Fire Stick and Comparison of the Best Fire Sticks to Buy in 2021

April 17, 2021

6 Ways Artificial Intelligence Has Changed Businesses 

April 17, 2021
bumble

Bumble Has Added A New Feature That Will Help People Share More Details Of Their Personalities

April 16, 2021
vivo

Vivo Smartphones Banned From Two Air Freight Companies After Erupting Into Flames

April 16, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: