tips to build a profitable start up business

Post on 27-Jan-2017

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Tips to Build a Profitable Start-

up Business

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Get Started!

No fixed formula for success but you can make a strong launch in a few steps:FocusPatienceDecideMaintainSaveAdvertiseProfitsTeam

Focus, Focus!

100% commitmentNo distractionsRealistic objectivesDedication to goalsThink resultsLove what you do!

Be Patient

Start ups are time consumingLess time gives bad resultsAdjustments take timeFoundation demands time

Be Decisive

Don’t be hastyConfidence is keyResearch is importantWeigh pros and consHard choices

Maintain Cash Flow

PaymentsBillsTaxesFeesSalariesInvestmentsUpkeep

Keep Costs Low

Less initial spendingCheck where the capital goesKeep close eye on accountsDistribute capital wiselySave wherever possibleEmergency plans

Creative Advertising

Pick a good agency Highlight strengths Special offers Limited time

promotions Be different Get their attention Right platform Tasteful ads

Raise Profits

Turn leads into customersTarget audience needsOffer solutionsBeat competitorsEstablish a brandRun a campaign

Build a Team

Recruit wiselyAppoint correctlyCreate right positionsDon’t overburdenKeep them happyWork on weaknessesTeam spiritTest themReward them

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