I’ve always thought of putting up my own business, selling my own products and even serving other people. It has not been easy trying to penetrate the market especially because of the big companies that are in the same field of our business, but we still managed. Now, I am able to handle the business and finance of our establishment because of perseverance and patience in trying to understand how to make it thrive in today’s competitive market.
If you’re planning on putting up your own business, then here are some tips I can give to ensure your success:
- Make it a piece of you.
This may be the most vital part of any business, that you find a product or service that you are very passionate about. Your business should be something you appreciate, and something that will make you strive to be better. Treat the business as part of who you are and offer a product that you yourself would be happy to create; successful businesses are able to work both ways in pleasing the consumer and the producer.
- Be inspired.
A business inspiration can come at any time and place, so always have a journal ready to let your creative ideas flow. Find a business product or service that you will be happy to share and are inspired to see its growth. If you like artisanal coffee, then you might probably already be aware of the do’s and don’ts and the only thing that is left is creating a feasibility study and financial budget. In putting up a business, you always have to be able to think outside the box to ensure better patronage from the consumers. Have a lot of creativity.
- Be the customer
Make sure that your product or service is something you as a consumer would pay for. For startup business, the most crucial stage is within the early or soft opening because it sets the bar for what people can expect. As your product is being bought, make sure to prioritize quality over quantity as overtime people will appreciate this and will ensure a continuous demand from consumers. Be the customer and ask yourself if you are willing to pay for what you are selling; if the answer is yes, then you are doing a great job.
- Learn and grow.
Every business has its ups and downs, there are times wherein there’s so much earnings, and days wherein you barely made it. Make it an inspiration and a learning curve for you and your team to be able to adapt and identify what the business needs to lessen the negative days. Learn from past mistakes and continue striving for better days.
Setting up a business does not require a big amount of money to serve as capital, sometimes it only takes creativity and the passion. There are so many freelance artists today that earn because of sharing their artworks, that is how simple your startup business can be. Do not be limited by the stereotypes of the business and trying to fit in, everything will work out so as long as you love what you do