Starting your own business is a step many budding entrepreneurs wish they could take. It’s something you should feel immensely proud of as many would love to be in the position you are in. You naturally want to get your new business off to the best start possible. But as this is all such unfamiliar territory, it can be difficult to know exactly how to start running your new business efficiently. It may take some time for you to get used to being the one who calls all the shots and doing a lot of the work yourself. While you will learn and pick things up along the way, it’s always useful to have some words of advice before you begin. Take a look at these business do’s and don’t to know what to do and what to avoid.
Do keep your work life organised
Organisation is key no matter what kind of business you are running. You may not see this as a top priority in the early stages of your business but it really is essential. It will boost your productivity, make your working environment easier to negotiate and help you stay on track. Establishing some order early on will work wonders as your company begins to grow and develop. So start considering how you could make your business and work life more organised. You might want to introduce a new filing system in your office or on your computer. Or download a to-do-list app on your phone which you can refer to each day and sync to your laptop or tablet. Even clearing your desk each night and deleting emails will make your business more organised and efficient. Plus it also makes you and your company appear more professional.
Do give yourself holidays and time off
When you’re your own boss, it can be tempting to work all day every day. Particularly if your office is in your own home. But even though you might be passionate about what you do, you’ll eventually wear yourself out. This can put a stand still to your business and decrease your productivity and enthusiasm. So it’s vital that you give yourself time off and holidays that are not work related. Having some time away could get your inspired and help to recharge your batteries. Also, try not to burn the midnight oil too often. If you try to run your business when you’re exhausted, you’re more likely to make mistakes which you cost you valuable time and money. Even though being your own boss is not like a 9 to 5 job, try to establish an appropriate time to start and finish your work each day. This will give you some time to unwind and spend time with your loved ones, which can only be beneficial.
Do make time for networking
Networking is a useful way of meeting people in the same or different industry to your own. It can open your business up to a wealth of opportunities which can help your business to grow. Networking events are a brilliant way you can meet other business owners in your local area. Look for ones that are held near where your business is situated and attend them as regularly as you can. This will increase your chances of building business relationships that are ongoing. Alternatively, if there is a business nearby which you feel has the same ethos as your own, take the time to introduce yourself to the owner. Ask them for advice, show plenty of interest and listen carefully. This will give you a positive reputation and make them more inclined to work with you in the future. Also, contact bloggers and journalists who may be able to help you promote your business to their readers and followers. Doing this networking will help get your name out there and pique the interest of potential customers.
Don’t follow the crowd too much
Standing out is something that all businesses are aiming to achieve in one way or another. Whether it’s with competitive prices, attractive marketing or one of a kind products. If you’re business is going through a dry patch, it can be tempting to copy your direct competition if they are doing exceedingly well. This is not something you want to get into the habit of doing. Selling the same products or having similar promotional items is never going to make your business stand out. So instead of following the crowd, see what you can do to stand apart from your competition instead. Look at your competition and work out why they are doing so much better than you are. Maybe they have more selection or maybe they are solving a problem for the customer. You might need to find unique products or offer a discount. Take what you learn and apply it to your own business and it will start to make more of an impression in no time.
Don’t be afraid to ask for help
It’s impossible for us to be good at everything we put our hand to and there will be times when you struggle. You might not know how to plan the growth of your business or struggle with balancing your accounts. You might find using social media for your business challenging or not have as much success from a marketing campaign as you would have liked. The worst thing you can do is continue to struggle or ignore the things you can’t do altogether. This will put a strain on you and your business and won’t benefit either of you. So if there is something you find difficult relating to your work, accept it and ask for help. You could look for IT support in London or visit an accountant. Or you could attend social media seminars or ask design students can help you with your promotional material. Whatever your issue is, never be afraid or feel embarrassed to ask for help.
Regardless of what kind of product or service your business supplies, these do’s and don’ts will always apply. So start applying them to your new business and make this drastic change to your life a complete success.