Essential Tips When Starting a Business

MAMA Ventures
Sep 3, 2018 · 2 min read
Picture courtesy of StartUpEd

Starting a business can be overwhelming — it can be both difficult and rewarding. We believe this will all depend on what approach you take before starting your business.

If the thought of starting a business has crossed your mind a couple of times, then you must have already started looking for some tips and advice around. There are quite a number of tips on starting a business out here that it can get a bit overwhelming on which ones to choose.

There is no particular method that one should follow when starting a business. Herewith we have outlined a few tips that we believe will be helpful when starting a business.


  • Choose what works for you. Are you passionate about what you want to do? Your answer should be a confident YES!
  • Identify groups, mentors, like minded people — with the goal of learning a thing or two from them. Learn about the industry, how to get where you want to be. This will save you from a lot of trials and errors.
  • Find your market space — do not assume that everyone will buy your product or service. Do a market research. Will your business solve a problem?
  • Find out the legal requirements and documentation you need. You don’t want to get penalized by the law, do you?
  • Write a business plan — helps you avoid wasting your time and money on a business that may not succeed.
  • Sell your business-do not be afraid or feel intimidated to talk about it and share it with the world. No one will know about your business if you do not talk about it extensively.
  • Keep track of your expenses and income. Do not mix personal and business together.
  • Learn and try out new things — keep your eyes open for new trends in the market. What are customers looking for? What’s the current trend in the industry?
  • Start small and grow while at it. If you are currently employed, do not quit just yet.

Following the above tips will make starting your business less stressful and boost the growth and progress of your new business.

You can read more from the links shared below:-

Tips for starting a business that will succeed

Tips for starting a small business

If you would like us to assist you, feel free to contact us. We will be happy to help you in starting your new venture.

Thank you for reading!

MAMA Ventures actively works with Start-Ups and SMEs and their respective leadership to achieve and maintain business profitability and sustainability. We streamline the company internal processes with the guide of the Entrepreneurship Toolkit. We also work with early stage entrepreneurs in emerging markets.

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