So, you have a fantastic business idea but don’t know how to get started. You’ll be pleased to learn we can help, as we’re offering four fantastic ways you can launch your company – and, here’s the best bit, it won’t cost you a penny to do just that.
1. Create a Business Plan
You might have a standout business idea. You just know it could be a big success. That’s absolutely brilliant. However, instead of rushing in to start your idea, it’s important to take a step back and create a business plan. Is it financially achievable? How much investment would you need?
You need to weigh up your start-up costs, whether you’ll need to hire staff and your profit margin. If there’s no profit, there’s no business. So, aim to identify if all that time and effort is really worth it. if it isn’t, it might be time to move onto your next business idea.
If it is, that’s even better! Identify exactly how much you’re going to need in terms of office rental fees, manufacturing fees, employee salaries and your one year, two year and five year profit. Ensure you know all the rates before you start the business, as this will lead to no nasty financial surprises down the road.
2. Find Your Finances
Starting your own company can be a little pricey, which is why it’s important to gather as much of our finances together as possible. Some people create their own business by making cutbacks, so they can invest in their own future – and that’s very sensible. However, there are other ways you can find finances without impacting too much on your lifestyle.
For example, did you know you could be entitled to PPI compensation? £20 billion has been awarded to companies and individuals, and there’s still so much money to be claimed. It’s worth contacting a Claim PPI company who can deal with a case on your behalf, and you could soon receive a small or large cash influx in your bank that’s rightfully yours. You never know, it could go a long way into helping you launch your business.
3. Make a Website
Now you know your business, it’s time to create a website whilst your service or product is in development. There are so many cheap ways to make websites online. For example, you can start out with a template WordPress theme that’s free of charge, before you decide to purchase your domain name and host it on a server. Once the money comes rolling in, you can hire a professional website developer who can create an impressive website, which will have people flocking to use your website.
4. Build a Brand
So, you have a great idea, service and a website. What next? You have to promote yourself, of course – and one of the best ways you can do that is through social media. Take to Facebook, Twitter, Pinterest or Google+ to spread the word and start establishing your brand. Engage with your audience. Offer amazing photos and great deals that will prove popular with your demographic – and none of it will cost you a penny.