Managing start up business – 9 essentials to consider
9 Essentials to consider when managing start up business
- Offer something different
- Focus on the customer; the service; the satisfaction and the retention
- Prepare a written plan and road test it before you commit totally
- Ditch the 9-5 employee mindset and become the lateral thinking entrepreneur
- Recognize your strengths and ask for help where you know you need it
- Set your KPIs; know your pricing, costing & breakeven point; watch your cash
- Stick to your plan unless there is good reason to change
- Work hard but focus only on the things that matter, learn as you go
- Stay calm and practice a little humility
The single most important piece of advice I can offer is to seek advice before you take the plunge into your own business. In my experience (which is a lot), the conversation after the fact is usually about where things went wrong. A common mistake people make is focusing on what they personally like, and therefore assume customers would like; rather than on finding out what customers really want.
Trouble managing start up business? Call me direct on 0408 756 531 or email gary@garyweigh.com
