24 Oct 2018, 17:01 — 5 min read
Dreamed of having your own business?
Do you have the passion and drive to become an entrepreneur?
If yes, then good news! You’re on your way to achieving your goals.
Know that believing in yourself is the key for there are no limits on what you can achieve. In fact, you don’t need to have a college degree to become a businessman.
As of today, a lot of successful business tycoons didn’t have formal business education, and some of them were not even able to finish High School and College, but look how far they’ve gone. Thus, it's not necessary to have millions in cash or business experience to become an entrepreneur.
Nonetheless, with the help of these tips for business startups, you can have your own success in no time.
Ready to get started?
1. Know yourself
It starts with you. Evaluate yourself. What motivates you? How much money can you risk? What do you want to achieve in your own business? What is your preferred business hour? Are you ready to explore the field and get out of your comfort zone? In order to be successful, you have to start within yourself.
2. Choose the right business
Follow your passion. Nothing beats a kind of business that suits your lifestyle, nature, and personality. At the end, you’re the one who will manage it anyway. And because you’re doing what you love, you’ll be more motivated and committed to it. Just make the best out of your skills, talents, and resources. Trust the process and you’re halfway there.
3. Explore the market
One of the key pointers to success is to examine the target market. The first thing you need to do is to get to know your customers by figuring out their needs and wants. Take a reality check. Look within your area and evaluate if you’re going to have competitors. If you do, plan a marketing strategy that will make your product or service stand out among the rest. Talk to potential customers or clients and check if they are going to be interested in your business or not.
4. Start Small
Plan your finances; take controlled risks. Test your idea on a small scale. Once done, it will give you the needed confidence to take your ideas to the next level. See how your target audience responds and gather feedback from them.
5. Be creative
This will give you an edge among your rivals. It challenges each person’s way of thinking and opens doors to new business opportunities. Being creative is about having an imagination - with the help of brainstorming, visual thinking, problem-solving - and coming up with different ways to present ideas. All you have to do is “word-play” and create infographics or diagrams that can stir emotion to connect with your customers. Be unique and explore your skills!
6. Finance your business
We all know that the business world orbits around capital for it maintains the company’s well-being. However, not all businesses start out with enough capital. The good news is, you have options available! If you would like to finance your business by using your receivables, Acudeen can help you!
We are the pioneer when it comes to receivables discounting in Southeast Asia and we focus on helping your business to increase cash flow. If you want to boost your working capital in a convenient way without collaterals and maintaining balance, register now!
There are no limits as to how much you can sell and you can receive your cash as early as 5 days!
To know more about Acudeen, here is a video presentation:
“Small and medium-sized businesses need access to a diverse range of finance options, including non-bank lending. These new forms of finance are still small in scale today but they should, over time, bring additional choice and greater competition to the lending market.” - Vince Cable
7. Never stop learning and trying new things
Have that sense of adventure. Keep your eyes open for new opportunities. Find ways to improve your business and listen to your customers if they have feedback. Surround yourself with positive people who are beneficial for your overall health and attend some classes, seminars, and events that can be helpful for your business growth. Make every day as a chance to learn new things so make sure you don’t waste it.
Markets and technology evolve. People’s expectation changes.
But always remember this: Do not stress yourself and always find ways to have fun. Live with integrity and get rid of negative vibes. Work with passion and keep your feet on the ground.
“The way to get started is to quit talking and begin doing.” – Walt Disney
Posted byVeronica Aquino
Acudeen is an online marketplace for receivables discounting where SMEs can sell their invoices to our network of buyers and receive cash within 5 days. Acudeen aims to...