Congrats if you’ve recently made the plunge and decided to start your own business. The first year is difficult, but there are some basic things that can alleviate the pressure and improve your chance of success in this very competitive market place.
Don’t worry if you are still considering self-employment but haven’t yet made the jump, starting a business is not a decision to be taken lightly. Take your time; you will know when the time is right.
I’ve complied a list of 50 important activities that will help you through your first year in business. A few are listed below:
- Have a survival budget and financial plan for getting through the first year
- Write a functional business plan and implement your first year’s action plan
- Write a marketing plan and implement it, automate where possible
- Start collecting email addresses and building a list for your email marketing campaigns
- Craft and master your elevator pitch
- Map out your sales process from generation of leads to aftercare and upselling of new products and services
- Don’t register for VAT unless you hit the threshold or unless a VAT specialist has advised you that it will be advantageous to you.
- Up-skill and learn new IT skills, IT is here to stay
- Get a mentor
- Study your 3 major competitors and differentiate yourself by creating a compelling marketing message
- Join a mastermind group
- Create a memorable website
- Network at every opportunity and/or join a local networking group for consistent networking
Read the remaining 37 points from your own copy by clicking here.
Print it out and cross out tasks as you complete them.
It is always good to have feedback. Please let us know if you found the ideas useful.