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5 Ways To Simplify Starting Your Own Business

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5 Ways To Simplify Starting Your Own Business

Many individuals that have always wanted to start a business never do it. This is because the whole business startup process normally overwhelms them. Additionally, they are unsure of the basics and specifics involved.

Granted, everything from putting down a business plan to hiring employees, to coming up with a business name, startups can surely turn out to be daunting. Nonetheless, you should not worry. You don’t have to face all the difficulties involved in starting a business.

The following secrets will simplify your startup process:

 

1. Write a solid business plan

Coming up with a business plan should be the number one step you take before launching your business. The last thing you want is to write up a business plan only when you are in a jam. You don’t have to wait until you need a strategic partner or money.

Business plans serve as a guide to help you in decision-making. With this plan, you can know whether your prospective business is viable or not. The second use of this plan is to satisfy investors and lenders. All these parties need to see your solid written business plan prior to making equity investment or approving a loan. With a business plan, you always have an easy time communicating with potential customers, employees, vendors, allies and partners.

“Chase the vision, not the money; the money will end up following you.” – Tony Hsieh

2. The name game – find the right business name

Every business needs a great business name. Picking a memorable moniker and cool name is the prudent thing to do. If you have the resources, you can hire an advertising agency or naming company to do the trick for you. However, if you do not have the funds financially, you can do it yourself.

Start with a pen, paper, and perceptive ear tuned to everything taking place around you. Ensure you have a checklist. Think marketing! Decide on the ads that shall drive 90% of your business. Primarily, will you rely on print ads, Yellow Pages, the internet, signage at your location, T.V, radio or a combination thereof? Depending on the answers to these questions, certain criteria becomes extremely important.

Domain names and foreign words with hyphens, as well as overdone alterations, are a kiss of death for radio ads and websites. This is because easy pronunciation and spelling are critical. If you intend to drive your business with Yellow pages, then consider picking a business name that begins with A, B or C so that your ad can appear towards the front section.

When coming up with a business name, it is important to differentiate yourself from the rest. Compile the names of your competitors. Do their names really fit the target market? Are their names too conventional while today’s customers are hip and cool, or vice versa? Having answers to these questions lets you know what works and what doesn’t. It helps you narrow your possibilities.

Drew Houston

3. To or not to Inc.? Select the correct legal structure for your business operations

Which legal jurisdiction do you want to set your business? This will help you select the legal structure to set up your business startup. An effective strategy of starting a business is remaining at home. Setting up your startup where you are located gives you more convenience and control.

You should consider your appetite for any liabilities. Various legal entities exist to offer entrepreneurs several protections against liability. An LLC or corporation cushions you the best against being personally liable for employee actions. Nonetheless, no form of organization structure totally shields you from personal liability.

In sole proprietorship, you have no liability shield. In a partnership, you are liable not only for personal wrongful acts, but for those of your partner (s) too. An LLC or corporation does not offer much liability benefits if you do not have partners, contractors, or employees.

 

4. Advisors and funding – get the best

Always team up with advisors that are able and willing to help. For instance, particular aspects of your business shall require the help of professionals such as an accountant or attorney. However, how will you find the right individual or company for your new business?

You need to have a vision – think ahead. What will your company look like in the coming ten years? The lawyer you choose is extremely important. This is especially true if you have plans of going public or seeking venture capital. Most venture capitalists usually judge a company by the attorney the company picks. Pick an attorney that is highly experienced in dealing with venture capitalists.

After working with a banker, accountant, or attorney, do not fall off the radar. Arrange a meeting with these professionals as often as possible in order to learn new offers. Regular meetings will also give you an opportunity to share with them how your business is fairing on. Simply put, have meetings with these professionals after every six months. If any of the professionals are not willing to have a meeting with you or bills you for the time, then or she might not be the right person to work with.

When choosing advisors, be it an attorney, banker, or accountant, make sure you choose nothing short of the best. This ensures you get the best advice. That is for sure.

“Ideas are easy. Implementation is hard.” – Guy Kawasaki

5. Target the right customers – aim towards the right direction

Many business startups tend to be so desperate, that they don’t question who they ought to be in business with. The difference between failure and success revolves around targeting the right prospects.

Before assuming what your potential customers will need, do your homework right. For instance, if your prospective business is a catering company, don’t assume that all customers will only be interested in your sumptuous food. Others will need all the trappings that come along with serving them such as table décor, dishes, delivery, and customer service. You will definitely lose business even before you start, if you are inadequately prepared. Adequate preparation is more than vital.

 

I hope these tips help you in starting your own business. I would love to hear your input in the comment section below!
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6 Comments

6 Comments

  1. Sujain Thomas

    Jul 7, 2015 at 8:02 am

    Is that possible to start up an own business with only five ways?? This thought came into my mind when I read the topic of this article. But after reading this complete article I came to know that it is definitely possible. Sometimes it is difficult for me to gain knowledge and how to consolidate your reviews from the articles because they are not written in an understandable language. But your article is written in very simple language and I like your article. I will share this with my friends. I am thankful to you for this article. Good work!!

  2. Andy Brown

    Jul 6, 2015 at 8:40 am

    Excellent post!!! After very long search I found such extra ordinary article to start up our own business. Starting our own business is not an easy thing because there are several situations come into the picture and to deal with such situations one must and should have the knowledge to solve issues. This article is an excellent piece of information which will give the details of how to start our own business. If you do not know how to consolidate your reviews then read this article once and you will get the answers for sure. Thank you for this post.

  3. Ads

    Jun 24, 2015 at 11:03 am

    Really helpful points to start own business.
    Thanks again

  4. Ernie

    Jun 18, 2015 at 8:58 pm

    Yellow pages? Radio Ads? We must be referring to a Small/Medium sized enterprise. These days, advertising is all about social media (free) and maybe key words on search engines. It should be heavily weighted towards user testing. I say step one is test your business idea first then worry about business models and plans later. Even the name can wait. Just my humble opinion and personal experience getting several businesses started.

    Good starting point is the Lean Start Up and Disciplined Entrepreneur. Fantastic books for any start up.

  5. Jideobi Onyikigbo

    Jun 16, 2015 at 11:50 am

    This just what I needed, talking about ideas, I think you are on point.

  6. George

    Jun 15, 2015 at 4:13 am

    Great baseline for newbies to start from … thanks for such a great post!

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Startups

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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5 Ideas on Starting a Business in College

Phil Collins

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Getting your own business is a very responsible yet liberating undertaking. By starting a business while still in college, you can be sure to have an income when you graduate or to at least get some life-saving skills and experience that will help you land whatever job you like later on.

Although starting a business can be quite intimidating, there are lots of resources online that will help you go through the process easier. In the meantime, here are some valuable ideas that will help you make sure your business turns out to be a success.

Develop a Business Proposal

Before starting a business, you need a working idea, something that you can sell to your potential customer. Having an idea is, unfortunately, not enough for success here. It is important to make sure that there is an audience, a group of people that actually needs the product you want to create, and will be interested in buying it. You can even define a “Buyer Persona,” which is basically a description of your target customer, what they are like, what triggers them, what their interests and needs are.

Business proposals can be different, depending on how big a business you want to start. In case you are thinking about looking for some investors, your business proposal should be a solid description of your business idea, convincing enough for people to understand that they will get their money back and gain some profit when your product goes live. In case you don’t need investors, your business proposal can be more of a business plan outlining the main facets of your business idea and the things you need to do to make it work.

Get Some Help

As a person new to the business world, you might need some helpers and advisors to keep everything under control. When it comes to your studies, there might come the point where you need to choose between your business and your degree. To manage the problem, you can reach out to a professional academic writer from essayservice and ask them to take care of your assignments while you focus on developing your business.

 

 

Additionally, you might need to reach out or hire some business or tax advisors, or at least request a consultation with them. Starting a legal business will require you to be good at paperwork, which means some preparation is in place. With a business advisor by your side, you can be sure not to miss any important steps when developing and marketing your business. If you define your company as a start-up, it is possible that some business advisors will be willing to help you out for free, given that they get interested in your business idea and want to get profit out of it too.

Create a Website

Whatever business you choose, whether you deliver services or products, you need to have a website. Luckily, you can make do with little investments here: you don’t need to hire an IT guy or a Web Designer as there are lots of tools where you can create a great website from scratch. You might just have to pay for your domain if you want it to be unique. One of such sources is Wix; it is a free website builder.

Why do you need a website, you might wonder? Well, the days when people learn about businesses from newspapers and leaflets are long gone. Now everyone will go online, look your business up, and expect to see some clear definition of what it is you do and what value you can bring. In case you want to open a shop, your website will function as an online shop. In case it is a service you are offering, your website will give your potential customer enough information about your service and will hopefully convince them to reach out to you and order the service.

Work on Social Media Channels

Having social media channels is as essential as having a website in 2020. While a website is a place where people can order and buy your products or services, social media is a sort of a platform that will lead them up to your website.

With the help of social media channels like LinkedIn, Instagram, Facebook, and Twitter, you can find the right people, give them a brief description of your business, and get them to visit your website and learn more about what they can get there.

 

 

Social media is what can also help you develop a strong online presence and customer loyalty. Online presence means that your business gets regular online exposure. People see posts and notifications about it daily and thus remember and highlight it. When it comes to customer loyalty, social media can help you engage your potential customers, get their interest, and devotion to the product and the very idea of your product. They basically need to feel “at home” with your business, like it is something very close and personal to them.

Try Again Until You Make It

The reason why many businesses fail lies in the fact that people tend to give up if they fail, simple as that. However, the truth is that failure is part of the process. It is a sort of a learning curve you need to go through before you make your business into what it should actually be like. That’s why you should never expect to succeed on your first try or get disappointed if you fail several times in a row. Maybe it is just the universe testing how serious you are about achieving your goal.

Every company has this “success story,” where they tell everything about their ups and downs, their insights, and takeouts. It is good to read those stories to get some inspiration and do a reality check on what building a business actually looks like. If your determination and motivation are strong enough, your business will definitely succeed, no matter how many tries it takes to get there.

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How to Launch Your Startup in 7 Easy Steps

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Image Credit: Unsplash

We all want to manifest success in our lives. It fuels our desires to attain something. People perceive success differently as we have different desires. Some go after enriching themselves with material things to get financial freedom. Others study further to advance to the next level in their academic career. (more…)

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