How to start a business
"Thinking about starting your own business can be challenging and daunting. But believe me there is nothing to fear!" Says expert Julian Hall, "In fact, in my experience as an entrepreneur, starting a business can be one of the most rewarding, fun and exciting things you ever do."
If you’re thinking about venturing into the business world, check out Julian's top tips!
1. Find out what you love
This first step can be the make or break aspect in starting your business! It’s important to start a business in something you’re passionate about. Not only will you likely be good at whatever it is, you’ll also put in the work to get better and better. In today’s day and age there is potential for business almost anywhere – believe me. Don’t be afraid to be different, think outside-the-box or do something that’s never been done before.
2. Do your research
Find out what else is ‘out there’ in your business’ industry. What do others well? What could you do better? Are there any gaps in the market? Really look into what opportunities there are for your business idea. At this stage it’s also a good idea to do some ‘market research’ i.e. ask friends and family (preferably people who are similar to your target customers) what they think of your business idea. Take on their comments and suggestions to develop your idea further.
3. Start creating
So you’ve found your calling and researched the opportunity for your multi-million £ idea. Next you need to start creating. Is your business going to be a product or a service? Do you need to spend money to start up? How much? What will you need to get started?
4. Get selling
Once you’ve created your product or service get out there and sell! There’ll likely be loads of different ways you can get your business in front of people. Experiment with a few to find out which works best for your business. Does social media work best? A website? Pop-up events? Or maybe it’s something else…
5. Keep getting better
Once you’re up and running always seek to improve your product or service and your knowledge of your business’ industry. Spend time developing your skills, going over feedback, doing research and if you can find a mentor. The world of entrepreneurship is a continual learning curve!
Take these steps and you’re sure to be well on your way to business success!
Ultra and Out!
Julian Hall is an entrepreneur, and the founder of www.ultra.education