tips to build a profitable start up business
TRANSCRIPT
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
