Track everything: Staff costs, overheads, interest on loans, overdraft (help you with any urgent, hopefully short-term working capital needs) fees, bad debt, matching purchase orders (when you send a ...
Running a business
An entrepreneur may not have much money for the business, but everyone has the same amount fo time everyday.
- Make realistic daily to-do lists
- Get more work done when you ...
Running a business
To get more sales,
Read up on effective 'sales techniques'.
Find out why people are buying products from competition - is it about benefits, branding or both? Be help...
Running a business
Use any method that gets you to where most of your customers are. Choose from this mix, or add your own.
- Retail shops: Common in industries with established distributor/retail networks....
Running a business
Getting an office
Where will your office be?
Where will be the product/service available? (physical location/s, web site, mobile app, other stores - offline and online, etc)
&...
Running a business
Bringing it to life.
'How will I make it?'
Make rough notes on the idea:
- Use cases (stories of how customers will use the product/service)
...
Running a business
Branding is a business term for 'trust'.
People buy from people they like and trust (testimonials, peer pressure).
People buy benefits (cheaper, safe, convenient,...
Starting a business
You don't need to wait for funding to start working on your idea. You can seed it yourself.
1. Cut down on your expenses
- Do all the work you can do yourself.
- You c...
Starting a business
Questions Tech Investors Wants Entrepreneurs To Answer:
Here are what investors at YCombinator ask people pitching their startups. Try to answer in 2 to 3 sentences.
What are you worki...
Starting a business
Regular ways to finance your business
- Overdrafts are good ways to fund your cash flow.
- Bank loan: Always secured against your assets, but with planned repayments (e.g. EMIs).
- Overdraft:...