Starting a business on a shoestring

Make sure there is a demand for your service or products.

Unless you are rich and can stand the losses you don’t have room for trial and error, a business needs demand to survive and it doesn’t matter if its products you are selling or a service you are providing.  Market research is a must.

No Excess fat.

Forget the fancy office, fancy shop and the company BMW, if you can start from home if you are in the business of sales consider online or markets and fairs, rent instead of buy if you and your business are viable then the rest will come with time.

Illusion – Look bigger than you are.

Build a professional website (or have one built for you) don’t let people know you are a one man band working from home, answer the phone professionally it costs nothing look for special offers there are plenty of companies offering a batch of business cards cheap, you may get a better deal if the same company produces the rest of the stationary, haggle they need your business and expect haggling when you are selling the less expenses the better you need money coming in.

Passion

if you haven’t a passion for your business then save your money and carry on working for someone else. Believe me things are going to be hard if you are not committed then don’t do it working for yourself is hard work, you will need to go the extra mile if you are to succeed, long hours, heartache and disappointment precede a successful business.

 Balance the Books!

When possible take the cash option, you won’t have the luxury of 60 or 90 days credit, so where possible get the money from your customers as quickly as possible if your service takes time ask for a deposit or staged payments get the cash coming in and keep it that way

If you hold a stock purchase only what you can sell, avoid overstocks which are often sold later at a reduced profit or even a loss.

Reinvest.

Once the money starts coming in keep a percentage to re invest in the business, avoid taking from the business if possible the flash car will wait a month or so, remember anything sold must be replaced if you are to keep going.

Choose an online profile partner

A huge percentage of purchases are made online, in fact people research online before purchasing, all businesses these days require an online presence, we can supply a website at a fixed cost, the site will not only look good but will work for your business and regardless of the number of pages you require the price is fixed take a look at our site (Here)  to see what you get

And finally!

Good Luck!

Software Development

Fixed price web site design

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