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Startup Business Strategy for Entrepreneurs

Every Business Starts with an Idea. For your Idea to turn into a Business, it will have to go through many iterations of change, and the processes you choose to apply building your business will greatly impact how long your road is before you find success.

The Best Advice for a New Entrepreneur is, “to Listen to, Read about, and to Learn from the Mistakes of Experts, so Known Issues are Avoided, and Best Practices are Followed.

If You Don't Read; You Don't Succeed.

There are 3-Primary Types of Business:

    1. Create:  Manufacture / Grow
    2. Sell:  Market / Advertise
    3. Service:  Install / Repair / Maintain

This should make it easy to understand that no matter what your Business Idea is, it will fall into one or all of these 3- Primary Types of Business and an Expert who wrote a book about it.  Find it & Read it.

Startup Business Plan: Don't Start Without One!

A Business Plan is a New Entrepreneur’s Best Business Partner.  Most Entrepreneurs will completely skip creating a Business Plan thinking they can do it later on or it is not that important to do as a Startup Business, but this is a decision for disaster.

If you don’t spend the time to go through the Business “Planning” Phase, you will not understand what is necessary to run a Business, and you will learn the hard way about running a business which is why 95% of Businesses Fail in the 1st 5 years. 

Your Online Business Starts with a Website

Everything your Business does will need to be published online and in many places to reach your customers.  It is important to understand that Every Potential Customer WILL Research Your Business Website BEFORE they purchase.  You do, right?

This means your website must have Comprehensive Content to its Topic, Great Web Design, Reviews, a Blog, CTAs, Conversion Funnels & the list goes on.

Free Websites are Free because they don’t Rank in the Search Engines, start with a Small Website with SEO.

Minimum Viable Product (MVP): Key to Success

Most Entrepreneurs do not understand they need one until they are running out of funds about to fail.

Finding your MVP and finding Real Customers that will work with you during your Proof of Concept Phase (Alpha, Beta, Release Candidate) to final Product or Service will help you fund your business as you fine-tune your offerings.

Creating Small Revenue Streams from the start will greatly increase your chances for success in the end.

Monetize Your Online Business Tastefully

There are many ways to monetize your online business, but it is a there are also many ways monetization will 

Business Idea

You have an Idea to Start a Business, but what do you do First?  It’s not fun, but the first thing you should start doing is to Start Documenting your Business Idea!

Keep a pad of paper with you and jot down ideas about your business as they happen or you will lose them, sometimes forever.  Then you transfer them appropriately to your Business Plan.

Business Process

“Busy’ness” is what you do in business and “Business” is doing one or more of three Processes of Business:

  1. Make Something
  2. Sell Something
  3. Service Something

There are many ways that you can do what you are doing for your business, yet the more efficient your “Process” is in doing what you do will determine your profitability and scalability.

Process Documentation is vital to successfully running a profitable and scalable business.

Business Planning

There are many aspects to running a business.  Because this may be your first attempt, it is very important that you learn what Running a Business Entails. 

Using a thorough Business Plan will show you all about what you don’t know about Financing, Budget, Profit & Loss Statements, Overhead, Banking, Licenses, Corporation, and the list goes on! 

If any of these words are foreign to you, it means you are not ready for business, but you are ready to learn about business.  

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