It takes a lot to start a business and grow it to profitability. But it is always better to learn from more experienced entrepreneurs who already had their failures. Let’s check and analyze top advice to start and grow your business.
I have learned that business ideas alone are worth very little. If you want to start a business, you constantly need to solve meaningful problems and take decisions. Execution is everything in business. It is hard job but it worth it.
1.Be a solution
The simplest way for me to understand whether or idea is going to work or not, is to ask yourself a question – does it solve a problem of people society? If the answer is yes, then go for it. If you want to build a business for yourself or for making money, then to become a successful will be difficult. Rather than starting your idea with what to sell, think about what it will solve. Your business will bring your customers if it is fixing a problem. Your startup should fill a hole in a certain market or niche.
2.Launch before you feel ready
Many entrepreneurs just wait too much. If you wait until your product or service feels perfect, someone else will already be doing a better job of helping your customers solve their problems.
Try to build relationships with customers and other people in your industry. See competitors as potential partners and collaborators. Just be smarter – create new ways instead of competing.
4. Small goals
Create smaller goals instead of big ones because setting realistic goals and milestones is a major component of building long-term success. And more productive.
5.Don’t forget about the costs
Financial plan and forecasting is very important. You will need to count every expense such as location, rent, supplies, marketing, and more.
As a conclusion I would like to share with you these wonderful and inspirational words of Sophia Amoruso. "Don't give up, don't take anything personally, and don't take no for an answer; you never know what you're going to learn along the way."
Sophia transformed Nasty Gal from an eBay store into a multi-million dollar empire with her own clothing line that was named the fastest growing retailer in 2012.
And what is your goal?
Share it in the comments below! If you have your question, please write it below, I would be glad to answer your questions or to introduce your project to my team at Astorts Group to be evaluated.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the Ceo of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.