What Is The Right Time To Start A New Business?

After making your first business a success are you contemplating to start or buy a new one? Be sure, you choose the right one so that you repeat the success story.

When is the right time to start my business?

Do you have time?

You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise, hence decide what is your priority is it employment or business; choose a line of business that you would love to do at any cost that interest you.

Are you lonely?

While starting a business you need help and support of many, hence watch out whether you have that force that can support you for your venture. You need a mentor as well as qualified staff to support you along with the guidance to conduct business activities.

Don't wait until you've officially started your business to line these up, because your business can't survive without them. Do the networking. Make the contacts. Sell or even give away your products or services. You can't start marketing too soon.

start-up-cash-flow.jpg


Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the accoutrements such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner.

Start collecting the name, address, telephone number and email address of every single client, prospect, and friend in business you have.

Rewarded behaviour gets repeated. Send "Thank you" cards, gifts, or whatever you think is appropriate to people who refer new business to you.

Some types of businesses require a special license to operate, such as a daycare, insurance agency, law firm, or doctor’s office. If you are in the type of business that requires a special license, you are probably already aware of that through the licensing process that you had to go through in order to obtain that specialty. It is still worth spending a few minutes to do extra research to make sure that your type of business doesn’t require any additional licenses.

The most commonly overlooked license is a sales tax license. If your business is going to sell products, then you are likely required to collect sales tax for any of those products that you sell to customers in your state.

Identify your weaknesses and either train yourself in those areas or find someone else to do those tasks for you.

successful-business-economy.jpg


Proving Ground Projects Build Credibility and Trust with New Customers. This step in the sales sequence is often overlooked, especially when you are just starting your own computer business. If you did everything right up to this point, your next step will be selling a small billable project - an emergency service visit or a technology assessment. This project will act as a proving ground of sorts, during which your company will prove its value to new customers. And conversely, your new customers are proving themselves to your business as being able to work well with you and your staff.

Targeted Marketing Activities that Generate High-Quality Leads. As you are beginning the process of finding the best clients for your computer business, you need to plan and implement a whole bunch of targeted marketing activities that will find those most likely to benefit from your unique services and the solutions you provide.

If you start talking about this major commitment in the first sales call with your potential client, before you have even built trust or proven yourself, you will in nearly all cases sabotage that relationship.

Take enough time to completely understand all the aspects of a business before making the final decision. It is imperative to thoroughly investigate accounting records and documentation and for this you may take the services of an accountant to guide you.

 
Back
Top