The New Stuff

202 Views

HOW TO START A BUSINESS IN 9 DAYS


Business is what brings you profit and ultimately financial freedom but the process of starting and making it profitable in a matter of weeks is tough. However, believe it or not, it can be done in 9 highly focused days by following these simple steps. As Jim Rohn once said “Days are expensive. When you spend a day you have one less day to spend. So make sure you spend each one wisely.”

Day 1. Plan Your Business:

A business plan is critical whether it is written on a napkin or as a detailed 25-page document because it shows what kind of business you plan to start and how you intend to run it. But don’t stay in your head too much, try not to over-think or over-plan everything. Some people  aim…aim…aim and never shoot. Don’t be one of them.

Related: 5 Mental Shifts from Paycheck to Profit Making

Day 2. Do Your Home-Work on the Market:

It’s very important to study the market and learn how your product or service differs from what is available, who your target market is. Marketing research always give you a picture of what kinds of new products and services may bring a profit.

Day 3. Establish Your Brand:

A brand identity including a name and a logo fetch instant legitimacy and in almost all cases, the you will also need a website or blog and a social media presence to solidify the brand. A brand will not only attract attention but also distinguish the product or service from others of the same nature.

Day 4. Register Your Idea:

Registering your business idea and acquiring the licence to operate legally is a critical stage for the take-off.   Also the nature of your business will dictate the extent to which you must rely on an attorney to incorporate it, to trademark ideas and to formalize agreements. Always a fully incorporated business has many advantages including the ability to operate not only domestically but also beyond borders.

Day 5. Minimize Costs of Production:

Make it as cost-effective as possible by avoiding unnecessary expenditure including expensive furniture and save on rent by working from home. Because labor is expensive, it is preferable to hire interns.

Day 6. Shout Out Loud:

Make sure you spread the word and let all the people in your network know that you are in it. You will also attract more customers if your product or service is unique and distinct from anything else on the market.

Related: 4 Keys on How to Master Strategic Selling.
Related: How to Handle Sales Objections

Day 7. Work the Media:

Media relations are essential for the growth of your business because without recognition or exposure your business will not succeed. It is also one of the best ways to stimulate quick and substantial dividends. Social media is easiest and cost effective way for any start-up.

Related: Why Social Media is Everyone’s Job

Day 8. Prioritize:

When your workload becomes too heavy it is always advisable to prioritize earning income first over indirect income generating tasks, which can be completed at any time. This will help you focus on the most important tasks instead of wasting time on minor details.

Related:  5 Things to Do Before Bed to Increase Productivity Tomorrow

Day 9. Celebrate:

Take a breath, thank everyone who helped you and seek feedback from your customers and friends. When you reach the finish line, it is always good to take a step back and think about what you have achieved. In short, you have successfully started a business in nine days!

 

 

Recently Published

»

6 BODY LANGUAGE FOR EFFECTIVE NETWORKING

Body language is one of the most crucial tactics on effective ...

»

ROBERT KIYOSAKI 6 BASIC RULES FOR INVESTING

Investing in any venture requires understanding and mastering the ...

»

HOW SELF-DISCIPLINE POSITIONS YOU FOR SUCCESS

Self-discipline is the ability to make yourself do what you should ...

»

HOW RIGHT PEOPLE HELPS YOU SUCCEED IN BUSINESS

Getting around the right people should be on top of your list because ...

»

HOW TO APPLY ZERO-BASED THINKING IN BUSINESS

Zero-based thinking is a process of applying change in your personal ...

»

10 WAYS HOW TO GROW YOUR BUSINESS ONLINE

There are two things that every entrepreneur wishes for: more time ...

»

6 MONEY MISTAKES TO AVOID ON WEALTH CREATION

Wealth is the abundance of something in such surplus that no ...

»

4 HABITS THAT BOOST WORK PERFORMANCE

All successful people in the world Entrepreneurs, world leaders and ...

»

5 QUESTIONS INVESTORS ASK THEMSELVES BEFORE SUPPORT YOU

Many first-time entrepreneur wrestle with developing their startup ...

Shares