If you are a budding Elon Musk who is ready to take on the world, this is an exciting time to be alive; new and innovative tech is on the horizon and as you were born in the silicon age, you are obviously well-versed with tech. Of course, experience is essential and you have to start somewhere and if you are at the stage when you want to set up a business for the very first time, here are a few tips from seasoned veterans.
- It’s all in the planning – The secret to success lies in your planning; when you have a business concept that seems doable, more research is needed, specifically the supply-demand ratio and if that seems fine, the next stage is to write a business plan. If there are any issues (there will be) creating the business plan will reveal them and only when your plan has been scrutinised by a business coach, should you take the next step.
- Don’t overlook digital marketing – Whether you are setting up a tech business or a flower shop, you need to create a strong online profile; talk to a Bangkok based SEO company and they can assess your current digital profile and create an aggressive marketing plan that incorporates social media, SEO and content marketing.
- Online funding – GoFundMe and other platforms put small investors in touch with entrepreneurs and this can be a great way to raise the capital you need to launch. It goes without saying that your presentation needs to be top-notch if you are going to attract investors and if your project is visionary and you’ve done your homework, there’s every reason to expect a positive response.
- Create a professional profile – In the 21st century business arena, first impressions matter and spending time and money creating a professional online profile is a wise investment. You’re not the only get up and go entrepreneur who is looking to set the world on fire, so you need to stand out from the crowd. Click here for ‘how to turn a hobby into a business’.
- Don’t give up – You’ve probably heard this one a million times, and there’s a lot of wisdom in these 3 words. There will be times when you wonder what you were thinking when you had this crazy idea to set up a company, working round the clock with almost nothing to show for it. If you have a vision and you have done your homework, success is achievable and draws some motivation from well-known entrepreneurs by watching a few YouTube videos.
- Minimum investment projects – You could create your own business website with WordPress and for a few dollars, get a domain name and publish the site. Carry out some online marketing and see how the market reacts to your platform. If you write code, why not advertise the fact on all your social media platforms? It costs nothing and you might get some takers; there are lots of business ideas that don’t require a lot of money to launch and this is where you’ll gain some valuable hands-on experience in running a business.
Once you are ready to register your business, you can start the long journey to success, which might not come the first time around.
