What is the purpose of a Logo?
April 24th, 2023
What comes to your mind when you think of your fav[...]
Starting a business is one of the decision which requires many merits and thinking, its not something which you can start by waking up next morning. It starts with a thorough business plan and ends up with a solid business idea and in between there are many things to go through specially when its only a single person operation. In such case you are the entrepreneur, a visionary, a marketer and a salesman. So lets go through some of the basics and resources which can help you getting on foot for your newly start-up company.
1) Business Plan:
First and foremost to any business idea is a precise and concrete business plan. Its not necessary to pound it with documentations at this stage, maybe a simple way is to make a “business model canvas” and this will help you identify your goals and what you want to accomplish.
See how to make a Business Model Canvas
2) Gather Financial Resources:
No matter how small you start you will need some form of capital either from your savings, parents or friends to get started. Its important to set aside a budget for the core tasks and do basic accounting so you have a figure in mind which will help you allocate a budget for different tasks in hand.
3) Look out for mentors or sources of reliable information:
You can easily find a mentor in your family friend running a business or even your college or university teacher can help you a great deal. You can also search on the internet to know more about your niche and industry and if you have any access to start-up incubators then that’s a great platform to start.
4) Set in Motion:
Now that you’ve done the basic homework its time to implement that idea of yours and set it in full motion. Time will be of utmost essence here so if you feel there are some tasks that you don’t feel comfortable with, then outsource it to some part time worker or hire someone if you have the resources. This way you can keep your concentration intact on the tasks in hand.
5) Marketing and Sales:
Start simple yet effective, design yourself a logo which blend the essence of your business, print business cards, banners, fliers and some promotional products if your budget allow. Spreading word through a personal or company blog is also an effective way of gathering a fan-base. You can also go for online marketing tools like google adwords, bing marketing solutions and don’t forget to tap into the social media sphere which can act as an essential tool in spreading brand awareness.
6) Grow:
Now is the time to figure out your job description, you need to ask yourself are you jack of all? If you are then probably you will keep running the way you are but if you like to rapidly grow then segment different business operations and hire workforce and resources who can best work in those capacities, this will free up some of your work load and you can focus on the business expansion plans of yours. After all its not the day job you’ve dreamed about so live and expand with the flow.
See Also:
+ Effective Branding through Social Media Banner Design
+ What story is your Brand Telling?
+ A simple way of adding value to your services
+ Foundation of a World changing Idea
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About Author:
Sajid Hussain is a Serial Entrepreneur and founder of fuelmybrand and newly started printing comparison website Printingwatch.com which helps consumers to compare and shop for different printing products and services online.
