5 Things Every Startup Business Should Do

Prasun Shakya
Sep 8, 2018 · 3 min read

Gone are the days when people used to aspire to work full time in highly reputed companies. Now, they want to become entrepreneurs and work for their own startup business. But, not every startup pass the beginning stage as a lot of hurdles come their way. Those who do pass by become so competent that they reach heights.

I can’t guarantee that your startup business will be successful if you follow the following tips. But, I can assure that you won’t fail if you take them seriously.

Conduct Research

Every business needs to do some sort of research before starting out. It doesn’t just end after the company goes up and running. In fact, it’s what shapes and molds the business in changing times. So, make research as your number one priority and keep conducting research, even if in small-scale, about your competitors, latest trends, customer behaviour and so on.

Set Business Goals

Without a goal, your startup business will lack a proper set of behaviour to follow. Your employees will be lost on the journey and it will badly affect your business. Thus, always set goals before you start out. It’s more effective if you go for SMART goals. It an acronym for goals that are specific, measurable, achievable, relevant and time-bound.

Go Online

People google almost about everything once they hear, see or want to know about something. If you want your business to be found when people begin their information collecting phase then, you have to be present there. For this, you’ll want to have your own company website and major social media accounts. To start a website, you need to get yourself a domain and a hosting service such as Hostgator that I use for this website. If you buy hosting from Hostgator using my link, I am giving away free blog setup service worth $399 here. Furthermore, you need to get into digital marketing. If you’re new to it then check out more of my blogs which are written on this specific topic.

Analyze business performance

The secret to better your startup business is to analyze its performance over time. You can’t just keep it running without knowing if it has improved or not. Additionally, it could be performing worse too. So, you need to set standards to measure the performance so you know where its heading and if it’s moving towards the goals or not. Furthermore, there are a lot of tools available for you to analyze a wide spectrum of your business. Find which suits you the best and go for it.

Freelance for extra financing

Going for a startup business will definitely lighten your pocket out. You’ll have to be focused on investing everything you have in your business and forget about things you want at the moment. Only when your business starts to make some returns you will be able to spend some money. But, that’s not the case if you freelance in your spare time. You could sign up for Upwork and take up tasks in your free time and earn some pocket money.

Let me know if these tips helped or gave you some insight for your startup business.

If you want to know more tips and tricks in starting a business or improving your business, click on the given link: https://www.prasunshakya.com/startup-business/

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Originally published at www.prasunshakya.com on September 8, 2018.

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