Being a first-time entrepreneur can be challenging and nerve-wracking but also very exciting and rewarding. There is no end to the many financial, legal, staffing, marketing, and customer issues that will come up as you launch your business. And, unfortunately, there is a lot of conflicting advice out there for the aspiring entrepreneur. But here are 15 core tips to help you begin navigating the startup landscape:
As anyone who’s been involved with start-ups knows, you need a fair amount of flexibility to do well in this environment. Take the division of labour for example – rather than strict roles, you’ll often see everyone do a bit of everything. The same principle extends to measuring success. It can be vague and mean different things to different people, and it can change over time.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Instead, you’ll have to research the SEO optimization of the sites you see on auction, predict which companies and industries will be looking out for new domains, and get creative with out-of-the-box names that you can buy for little but turn around easily. Plus, patience is a virtue: it can take months, or even years, to get the right price (or any price!) for some domains you’ve purchased.
They are generally solopreneurs who offer their services to small businesses who need help with a given range of tasks. Some people might argue that being a virtual assistant isn't really running a business. But somebody like Gina Horkey can prove that's simply not true, and she has a booming business to back her claims up. She's also seen as the “go to” person for a step-by-step guide to running your own VA business.
Here are my recommendations for the Financial Industry. In 2016 investors hope not to drop the ball by missing out on a big opportunity in one sector or hanging on too long in another. Here, we present 10 sectors to watch in the new year, with financial and industry authorities weighing in on the potentials, opportunities and pitfalls to consider. You may also enjoy my Free Daily Signals.