Connect with us

How To

Learn How To Start A Business With Zero Experience

Published

on

Learn How To Start A Business With Zero Experience

Starting a business isn’t a small deal. Have you ever thought, the most successful companies had first started with a simple idea? Well, looking at this it is quite tempting to go in for business. But there stand a million questions asking us whether we have the required factors necessary for building up a business.

Luckily, this is not the case with everyone. If you are not amongst these, then follow these simple steps to launch your business and make it a successful one.
P.S: You have zero experience.

1) Planning is prerequisite

For a successful business, the first thing to mark is to create a business plan. Now you know that you have no experience but have some set of knowledge and skills about something. Using this little set of skills, plan ahead of what your business model should look like.
By sketching out a business plan, you tend to force yourselves to review everything at once. A well-written plan is great for attracting talent. The main agenda of creating a business plan is to understand your business and at the end deliver the results you promised your subordinates.

2) Arrange for finances

After creating a full proof plan, the next thing to be marked on your to-do list is to arrange for finances. If you need a steady source of income to meet your financial needs, then start the business as a part-time venture. One can apply for a microloan to get started on implementing your plans. The other better option can be crowd funding.
Crowdfunding is a collection of a small amount of money from a large number of people. You can also apply for a business loan or can borrow from your near and dear ones.
You can depend on venture capitalists too rather than relying on banks.

3) Be an attention seeker

Now you have a plan and money to get in action. Now all you need is attention. Grab attention for your business by any means. One way to grab attention is through brand ambassadors. You can team up with those who can sell your product. For instance, think you are now a manufacturer of fertilizers, so as per the business strategy, give away some free samples to retailers. In exchange for the supplies, they can offer your products to their clients.
These partnerships are mutually beneficial and strengthen your new startup company.

When you plan everything, you are ready for your big launch. Always remember to welcome opportunities because these small ideas and opportunities can lay a foundation to your future big business.

Continue Reading
2 Comments

2 Comments

  1. proxy list

    March 27, 2017 at 8:17 am

    Hi there,I read your blogs named “Learn How To Start A Business With Zero Experience” like every week.Your humoristic style is awesome, keep it up! And you can look our website about proxy list.

    • Nishitha

      March 28, 2017 at 10:49 am

      Thank you!

Leave a Reply

Your email address will not be published. Required fields are marked *

How To

5 Mistakes You Should Avoid For Your Business

Published

on

5 Mistakes You Should Avoid For Your Business,Startup Stories,Startup Stories India,2018 Latest Business News,Top Five Mistakes You Should Avoid For Your Business,5 Things Should Avoid For Successful Business,Five Mistakes Your Businesses Should Avoid,5 Biggest Mistakes Should Avoid For Your Business

To succeed, you need to have an in depth knowledge of what to do as well as what not to do. With startups, especially, the margin of error is very limited. Today, we talk about five things you should not do to make sure you’re a successful business!

1. Retargeting Every Visitor 

No matter how great your product is, retargeting every customer to your product page is not an effective marketing strategy. More often than not, this irks customers as it destroys the exclusivity factor. Segment your bounced visitors into different groups by how many pages they’ve viewed, how much time they’ve spent, whether they’ve visited a particular product category etc. and retarget accordingly.

2. A Disastrous Social Media Strategy 

Social media only works if you have a clear plan in mind with a long term plan clearly chalked out. If your plan doesn’t reach the right target audience, then there really isn’t any point in the campaign.

3. There Is Always Competition 

Do not ever think you don’t have competitors. While there may not be an idea that is exactly the same as yours, there are plenty out there that are very similar to yours.  Sometimes your competition isn’t a person or a company but rather a “thing. So keep a really close tab on the people around you and make sure you are always one step ahead of the game.

4. Assuming Your Customers Are Always Loyal 

No customer is always loyal to the product. There is always something better and cheaper out there. To ensure a loyal customer base, create a connect with the regulars and don’t over burden the semi frequent visitors. Play the game the right way and the customers will always stay!

5. Thinking You Have To Do Everything On Your Own

Even if you are just one person who is in charge of everything, you need to keep in mind that you do not have to do everything on your own. Ask for help, ask for ideas. The more you ask, the more you learn and the more you grow!

 

Continue Reading

How To

Tips On How To Diversify Your Business

Published

on

Tips on How To Diversify Your Business,Startup Stories,Startup Stories India,2018 Business News Update,How To Diversify Your Business,Best Five Tips to Diversify Your Business,Diversify Your Business Tips,5 Effective Ways to Diversify Your Business,5 Steps to Diversify Your Small Business,5 Best Tips To Expand Your Business

“Don’t lay all your eggs in one basket.” The saying is as true as the number of years it has been famous for. It is in fact even more true for small business who are looking at making it big and making it big successfully. This mantra of sorts should be taken even more seriously in the current digital age and is one that should not be ignored.

Today, we take a look at 5 tips that can help you in diversifying your business and growing it to unimaginable heights.

1. Diversify 

Always learn to experiment. If you play it safe, then your business is the only thing that is suffering. You need to be careful to not under sell or undercut your idea/product. Your market research needs to focus on customer demand for new products and services and your cost to manufacture, deliver, and sell them.

2. Expand To New Territories 

Do not stick to just one location. If you have been in the same area for more than a couple of months, then it is time to move on and identify more areas/locations for your business. A franchise has more chances of succeeding in this cut throat world. It also sends out the message that your business is here to stay and that you aren’t afraid of competition.

3. Target New Customers

Most businesses target their sales and marketing efforts to specific customer markets based on demographics like age, gender, locations, likes, interests, activities, and values. In order to succeed as an enterprising business, your goal is to break beyond the obvious range of customers. Once you diversify your target audience, your product immediately gets more attention. This is a constant cycle which usually works in your favour!

4. Offer Integrated Solutions 

The main question you must ask yourself is if you could do more than there already is.  This might be anything: training, cloud services, apps, additional gear, monitoring, servicing; the possibilities are endless. The beauty of the digital age is that everything is available and is yours for the taking. So reach out, grab it and make the world your oyster!

5. Suss Out The Competition 

It is always important to figure out what your competition is up to. Either you are in line with their progress or one step ahead. It is preferable if you’re one step ahead because then that gives you the platform for success.

With these steps, expanding your business no longer remains a dream but becomes a very successful and competitive reality!

Continue Reading

How To

Tips On How To Make Your Meetings More Successful

Published

on

More often than not, business meetings tend to drag on for far longer than necessary and usually end with no real conclusion. Today, we give you tips on how to make your meetings more successful and worth the while!

1. Add Accountability

Adding accountability helps increase responsibility as the onus of the problem falls on the employee. At the end of the meeting, make sure that a recap happens and individual assignments are given if necessary. This helps increase productivity.

2. Shorter The Meeting, The Better

A golden thumb rule? Always, always keep the meeting short. In fact, shorter the better. Meetings scheduled for a long period of time tend to scare the members and this is not a good thing. If more things need to be discussed during the meeting, then that can be added for a follow up.

3. Always Know The Reason For The Meeting 

A meeting without a purpose is never a fruitful meeting. In fact, make sure that EVERYONE knows the reason for the meeting.  Weekly updates, quarterly sales meetings, and annual board meetings all have a purpose. Make sure everyone knows why he/she is there and what is expected of him/her at the meeting.

4. Take Down The Walls 

The walls keep the thoughts out. A lot of times meetings for problem solving are rigid and coordinated. Find someone who can do the minute keeping and allow your team to hash out the details. The old fashioned way always works – sit in a room and talk to each other! This increases communication and brings down the walls.

5. Make Every Stand Up For The Meeting 

According to recent studies, it has been proven that if you have everyone standing for a meeting, the meeting becomes more effective. While it is possible that not everyone likes to stand for a long time, it is an extremely effective in the long run.

 

Continue Reading

Trending

Copyright © 2018 STARTUP STORIES.