BusinessCoachingJune 25, 20220

Before Starting A Business… Know THIS!

Starting a business can be very appealing. But unfortunately, if you dive right in without prior research, you will become overwhelmed.
1) Have A Strategy

Develop a strategy even if a detailed, formal business plan is not required.
Instead, depending on the target audience, your strategy should include researching potential competitors.


2) Make A Budget

Your company will always require a budget, no matter how big or small.
A budget will help you understand how much money the business will need, how much you have, and how much you will spend running it. 

As a result, when budgeting for your business, keep these two things in mind:

  1. Be realistic
  2. You will almost certainly lose money before making money


3) Exciting Customer Meet-and-Greets

When you first start, standing out from the crowd can be difficult.
It comes dangerously close to being impossible at times. Incorporating your personality into everything that defines your company is one way to stand out. People want to know who is selling them goods and services, so establish a public identity for customer service and other purposes. However, do not reveal any information that you are not comfortable sharing.


4) Doing What You Love!

Large or small businesses can be a lot of work.
So make sure you’re doing something you’ll enjoy, which will come in handy when things get complicated.


Check out your Spero Business Start-up Checklist for more information on what you need to know before starting a business.

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