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4 Tips on How to Launch a Startup Without Breaking the Bank

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4 Tips on How to Launch a Startup Without Breaking the Bank

Everything starts with a great idea, and while you may be excited about a genius concept you’ve come up with, there’s more to starting a business than just the first light bulb.

However, the idea is indeed what’s most important as a foundation. Everything else requires some good financial decision making, foresight, and smart planning.

Here are a few tips on how to launch a startup without going broke and nurturing your seed of an idea to maturity:

 

1. Have a social media plan

Social media is absolutely essential in this day and age along with a great website. Working with professionals to establish your basic layout along with social media buttons is important, and you can use Website Design by Designhill to do so cost effectively.

With so many smaller businesses today requiring design services, using a company like Designhill is a more flexible way to get the final result you want without going bankrupt. When you’re configuring your website design, you also need to keep social media in mind. Buttons are essential, and by integrating this aspect from the beginning, you won’t waste time and money later to correct it.

You also need to know your platforms. Tweak Your Biz recommends knowing the differences between the sites you’re using, citing that what works on Facebook won’t necessarily fit a different social media account like Twitter. There’s a lot of free publicity and visibility by utilizing these networks in a smart way, as long as you plan ahead.

“Social media is not just an activity; it is an investment of valuable time and resources. Surround yourself with people who not just support you and stay with you, but inform your thinking about ways to WOW your online presence” – Sean Gardner

2. Plan, prioritize, save

Time management is a skill that you’re constantly told is an asset as a manager or employee within a larger organization, but don’t underestimate its value for startups. The fact of the matter is that it’s hard to plan your time effectively, especially when you’re busy.

Entrepreneur advises to prioritize and address only what matters to continue movement in your business. This is a deceptively simple tip, but it’s very easy to get bogged down in the day to day issues and problems that arise when you’re trying to get a startup off the ground. This is especially true if you already have another job or a busy family life, and you’re in the midst of juggling responsibilities in addition to the ones associated with launching a new business.

One tactic is to try using a digital calendar that you can fit all of your appointments in or cross-referencing your schedule with e-mail. For example, Google offers lots of free tools to assist with time management, and it’s common nowadays for even the most senior level business executives to use them.

These tools have become widespread, and have even taken the place of more costly, less integrated systems of yesteryear like Microsoft Outlook. This is also an example of when you should be using products that are offered for free. Google also offers a lot of free tools that you’ll find useful for a startup, such as a free basic analytics tracker, social media, and financial solutions that can help you prioritize and manage your time effectively.

 

3. Don’t depend on investors

Investors are nice to have, but don’t let that be the ingredient that means success or failure. If you can get backers, that’s great, but remember that many entrepreneurs can’t and still start their own companies. As you draw up your business plan, take this into account, and don’t assign phantom dollars where they don’t exist.

There’s also no reason to scrap your business idea just because you don’t have the startup capital you think you need. Reconfigure the scope of your plans and try slashing unnecessary costs. For example, if you planned to rent office space, you’re getting ahead of yourself. Real estate is expensive, and having a home office will more than suffice in the early stages of your startup. Aim to have enough of your own capital to get the business off the ground and let it grow.

 

4. Know how to market

Getting your content and products referenced by major media outlets might seem like a good idea. However, Entrepreneur advises not to waste time trying to get the attention of major news outlets if your core audience isn’t related to theirs.

For example, if you have an online store that deals in vintage clothing, there’s no point in trying to get a popular tech blog to pick up the story. Even if you get mentioned in a high visibility publication, as Entrepreneur contributor Adam Callinan writes, the traffic won’t result in customer conversions.

Marketing
 

Launching a startup is a lot of hard work, but it’s not impossible. Always remind yourself of that first “aha” moment you had and why you began down the entrepreneurial path in the first place.

It’s the best way to keep going, and if you make the right financial decisions by sidestepping the unnecessary expenses, you’ll go far.

Simon Davis has been a fulltime business writer for the last 4 years and has had the privilege of attending some of the most renowned business conclaves held across the world. When not on business he loves spending time with his girlfriend and a bit of adventure sports.

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5 Comments

5 Comments

  1. Avatar

    Tonia

    Sep 29, 2015 at 1:30 am

    Great post. ALL of these tips were beneficial to me.

  2. Avatar

    Joshua odenore

    Sep 17, 2015 at 4:47 am

    I really enjoyed the writeup. It’s very important as a startup to get things going slowly. You nailed the time management. As a startup, there’s need to prioritize your activities.
    Its really a great insight, thanks for the tips.

  3. Avatar

    Charlene Rhinehart

    Sep 1, 2015 at 5:40 am

    Great post! Working from home is a great idea until you build up the capital needed to rent office space.

    Charlene Rhinehart
    Ms. Corporate America 2015

  4. Avatar

    Heather

    Jul 18, 2015 at 11:39 am

    Hi Simon,
    Great advice – particularly #3. I got WAY ahead of myself when I initially started my consulting business, registering as a limited company, which meant that I had to pay hefty accountancy fees from the beginning when I could have just started as a sole trader and worked up from there. Painful lesson learned!

    It’s easy to get carried away with the excitement of starting a business but, as you rightly point out, it’s better to start slowly and build up.

    Thanks for the tips! I will be sharing.
    Best,
    Heather

  5. Avatar

    Lawrence Berry

    Jul 18, 2015 at 6:22 am

    These are some really great tips. Having a social media plan is really important because being successful in social media can help you in so many ways, especially when it comes to marketing. Social media can be used as free marketing and can be very effective in driving traffic if you can gain the audience. Planning and prioritizing is essential as well, especially if you are older and have a family like you said. it is important to stick to your schedule and cut the distraction because we all know there are plenty of them. Really great post.

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The Truth About Marketing Every First Time Founder Should Know

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While starting your own business is an exhilarating experience, many start-up founders struggle with successful marketing more than any other area of business. So if you’re thinking about starting a business, here are some of the key things you need to know about marketing before you take the plunge. (more…)

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Lessons I Have Learned About Scaling a Business as a Startup Founder

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When I set out to start my own business three years ago, I never imagined bright lights and private jets to New York or Shanghai for business meetings. Good thing I didn’t because it is nothing like that at all. It was a struggle from day one and I had to embrace the grind to grow. (more…)

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5 Hacks to Improve Your Writing Skills in English for ESL Learners

Phil Collins

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Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up. 

In moments like this, it’s always a good idea to seek help. Whether you go to WriteMyPaper to order an essay or just talk to a friend, admitting vulnerability is an important step towards improvement. In this article, you will find some tips on how to get better at essay writing, even if English is not your native language.

 

Control Your Environment

Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.

You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.

Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.

 

Practice Constantly

Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language. 

Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.

 

Writing Is The Answer

If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!

Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly. 

Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.

 

Learn In a Group

It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.

The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.

Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently. 

This will help you feel more confident in your skills and, consequently, speak and write better.

 

Expose Yourself

The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process. 

A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few. 

Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!

 

Wrapping Up

Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson. 

Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!

Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!

 

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Remote Work + Education: 3 Tips for Students Who Want to Have It All

Phil Collins

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remote work for students

Probably one of the greatest changes for the last year is the shifting to distant learning and working. There are many advantages to the issue, like, not having to commute every day, staying at a cozy home for a whole day. It makes our lives easier in terms of saving time and energy.

If you’re a student, you don’t have to bust out your textbooks every time you go to university. Instead, you have everything close and on the tips of your fingers.

However, within all the positive moments of distance learning, it is highly challenging for many of us. At college or in the office, we have a schedule, a plan which we simply have to stick to.

There is also a boss or a teacher who gives us tasks, checks and monitors our performance.

Well, now, we are our own bosses and teachers and have to come up with the plan and track our tasks independently.

So, how to stay tuned and efficient if you work and study from home? How to get the most of it and not drown in the ocean of procrastination? In this article, you will find three tips to help you out!

 

Set Up Your Workspace

When many think of a distance learning or work, they imagine themselves wearing pajamas and lying on a couch all day with the laptop. No more dress code, make-up, early mornings, coworkers or group mates, paradise!

This is a common misconception of remote work. If you want to work and study from home, it is crucial to create a space where you would stay focused and productive.

Still, if you have had a hard day and feel like having rest on your comfy couch, but there are assignments to be done, leave your worries to professionals in paperwritingservice, just place an order and enjoy your day.

When we both work and study from home, we stay with all those household essentials and, at the same time, have to focus on tasks. That is why a perfect workspace has to be created. So how to reach this ideal atmosphere at home? Here’re some pro tips.

 

Separate Spaces for Everything

This is a common problem for many that they sleep and study at the same place. Our body is a smart mechanism, which gets used to conditions very quickly.

So, as you sleep in your bed, every time you lie on it, your body gets ready to relax and concentrate is the last thing it is ready for. This principle is applied to any other space in your house.

So, your workspace should be particularly aimed at learning or/and work. Every time you get there, your brain will be ready to do the job.

 

Get Rid of All Distractions

This is a very important step if you want to stay productive at home. Your home may be a dangerous space in terms of concentration. To make it easier, help your brain and get rid of everything that might attract your attention and ultimately prevent good performance.

 

Plan Your Day

Every morning when you wake up, you approximately know what the tasks for a day are. So, what’s the sense in planning a day if you already have it all in your head?

This is one more important concept that helps us have everything done on time. Planning a day saves you time and boosts motivation and disciplines.

 

Here’s how it is done:

  • You write down a list of tasks that have to be done;
  • Prioritize them from less important to more important;
  • Hang this list somewhere, where you can always see it;
  • Mark completed tasks.

When you mark the task as accomplished, you’ll get a sense of satisfaction, which may be compared to some sort of praise. There are many tools to write a to-do list from paper to online apps.

 

Dedicate Time for Yourself

When you work and study from home, there will be a risk of abandoning our personal time in favor of more important matters. This factor leads not only to great results but also a concept called burning out.

When people face it, they feel exhausted, demotivated, and apathetic. To avoid this, it is crucial to have time for things you enjoy. It may be a sport, hobby, listening to music, watching movies, seeing friends. Your brain has to relax and get positive emotions to be more efficient in the long run.

 

Final Words

No matter if you want to work and study from home, these principles can be applied to any activity. To manage it all, just follow these basic rules, and you’ll see how your productivity boosts.

Good luck with all your endeavors!

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