If 2020 has taught us anything, it's that some things are out of our control. The world is changing and at a fast pace, which is obligating us to adapt to a new lifestyle and look for new opportunities. If you're contemplating launching a startup this year, do these four things first.
- Plan
Writing a business plan is a crucial part of starting a business. It helps to ascertain the viability and feasibility of a company before too much time and money is invested. Saying you're going to start a business isn't enough; it's always easier said than done. What you have to do is sit down and write out a pan. What type of business do you want to mount? How much capital do you want to invest in it? Is your business going to thrive amidst the pandemic? Make plans for unforeseen changes too. A business plan not only provides strategies on how to start your business, but it also gives an insight into what approaches to take, what resources you'll need to start the business, among others. Failing to plan is planning to fail.
- Determine the type of business
- Assess your finances
- Create and design an easy to use website
The E-commerce rate has risen over more than 30% in the wake of COVID-19, we live in times where consumers prefer to purchase by clicking. 2021 is the best year to start an online business like freelance writing, coaching, graphic design, delivery business, and the list goes on. You want to create an easy to navigate website which makes buying easy. Consider making your site mobile friendly as well. Nobody has time to grab a laptop just to assess your site. Think of convenience to the consumer when creating your website. Online content consumption is higher than ever; take advantage of it!
There are clearly more steps that need to be done but getting these first crucial items covered will get you well on your way to having that new business idea turned into a reality.
There are clearly more steps that need to be done but getting these first crucial items covered will get you well on your way to having that new business idea turned into a reality.