The Sneaky Tips of Starting a Small Business

Starting a small business. Overwhelming might be the understatement of the century. But you’re out there doing it – and that’s more than can be said for most people.

 

You’ve probably searched the internet extensively for tips on how to start and run your small business. You’ve consulted with people, you’ve asked all the right questions. After a while, you might feel like you’ve started to uncover the same tips over and over again. Hopefully, you’re about to hear something you haven’t already read a million times before.

 

Encourage Honesty

Do you know what we said about how you’ve been asking people for advice? You should definitely be doing that. But you should also take their advice with a grain of salt. After all, this is your business you are starting. 

 

Actually, people naturally are going to try to make themselves seem more successful than they actually are. Maybe you’ll get a piece of wise counsel that’s actually conflated, or altogether not true. Nobody is a walking lie detector, but read the body language of the people that you’re consulting, and do your homework on the things that they say. If they’re telling the truth, great. But don’t be prepared to receive everything that you hear as the absolute truth. If a story is too good to be true, and you follow in their footsteps, instead of starting your own business you might be ending it. 

 

Simplify Yourself, Simplify Starting Your Business

Do you really know exactly what you’re executing? If you’ve got a complicated business plan that you plan to start, you might actually be doing something wrong. Complex might sound like something you need to do, but it’s not.

 

Less is more. Keep things simple. The logistics of a huge plan can soon spiral into a huge mess. Narrow your focus. You’re likely working with a small budget that you can’t realistically use to carry out a huge plan in the first place. 

 

Solve the needs of your demographic. When that works, you can start to expand. Focus on one need, then start to look outward for more growth ideas. Extra bells and whistles that aren’t necessary are only going to complicate things further. Starting your business can be complicated enough, so try to not over complicate the small, daily, executions. 

 

Put Money Last

What? Aren’t you supposed to be making money after staring a small business? Yes, but let’s go back to the problem solving we talked about. You need to figure out what problem your service or product is going to solve.

 

What gap does your service fill in the world? When you start to think about that instead of how you’re going to make money, that’s when your thinking is on the right track. Of course, you need to think about how you’re going to make money, but when you’re looking at problem-solving, you’re looking at your product how a consumer would look at it.

 

Don’t Make Excuses

When you’ve made a mistake, own up to it. People and customers alike will see right past your facade especially when your business is just starting out.  You don’t want them to start to trust your business less if you’ve built it on phony promises or backtracking. When you’re able to be honest with yourself, your customers can see it. They’ll know that you’re able to be honest with them as well. 

 

When you identify your own mistakes or your own misgivings, that acts as a way to start to pinpoint solutions, as well. Everyone makes mistakes. So do you.

Start Your Business With The Experts

At TopMark Funding, we love people who have made the brave step of starting a business of their own. And we want to help. We know that it can be more difficult to secure a loan when you’re just starting out. That’s why we want to walk you through the process and offer you the best possible rate that we can and give your business a head start. At TopMark Funding, we’re on your side. To have us on your team, give us a call today.